Lyft and Kansas City may reunite thanks to new ride-sharing law
April 27, 2017 | Bobby Burch
Missouri Gov. Eric Greitens on Monday signed legislation that could bring the ride-sharing company Lyft back to the Kansas City market.
Passed with strong support from Missouri lawmakers, Gov. Greitens’ signature sets forth regulations for ride-sharing companies such as Uber and Lyft, including licensing fees, background checks and inspections.
Lyft halted its Kansas City operations in October of 2014 after the city established for-hire transportation regulations it deemed as too burdensome. In 2015 the company said it wouldn’t return to Kansas City, while Uber agreed to work within the new regulatory framework. Uber and Lyft issued statements saying the new law — which also exempts ride-sharing companies from local and municipal taxes — will allow them to expand throughout Missouri.
The law should help create a more competitive environment for ride-sharing firms in Kansas City, Mo. and create more jobs around the state. Lyft is now in operation in Kansas City, Kan. and Johnson County.
The Kansas City Star reports that the new law will spur most area taxis to operate like Uber and Lyft vehicles. Bill George — the CEO of Kansas City Transportation Group, which operates hundreds of taxis in the area — said that cabs operating under Yellow Cab and 10/10 Taxi will be shifted to zTrip, a “transportation network company” or TNC. TNCs fall under the same state licensing rules as Uber and Lyft.
Related Posts on Startland News
C2FO’s $200M challenge: Prove the fintech startup is worthy of KC’s biggest investments
A record-busting $200 million investment announced Wednesday easily tops C2FO’s previous headline-grabbing funding rounds, but now the Kansas City fintech mega startup must live up to the hype, said Sandy Kemper. “Investments are always forward-looking,” said Kemper, founder and CEO of C2FO. “Our job is to make sure that we’re living up to our ability…
BREAKING: C2FO closes $200M investment led by backer of WeWork, Uber, Slack
Startup giant C2FO continues its climb to the top, having secured a new $200 million investment — and doubling the amount of its once-record funding raise in fewer than two years. “We are very fortunate to have a team who, for years, has delivered industry-leading unit economics, extraordinary customer satisfaction, and strong global growth,” Sandy…
PayIt hires former Uber disruptive marketing leader as KC govtech startup’s first CMO
Kansas City-based govtech startup PayIt is downloading executive expertise from the West Coast, John Thomson said Tuesday, announcing PayIt’s first chief marketing officer — a former leader at Uber. Based in San Francisco, Alexandru Otrezov will lead PayIt’s marketing organization and continue to accelerate the company’s brand and growth efforts, said Thomson, co-founder and CEO…
KCMO advancing its smart city action plan with focus on digital equity in urban tech
Kansas City is one step closer to being a fully connected hub for urban tech, as local decision makers craft a smart city action plan. “That document will be what guides all of our future investments in technology,” explained Chris Hernandez, KCMO communications director. The action plan comes a year after the city issued a…