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.
2017 Startups to Watch
stats here
Related Posts on Startland News
Forbes report: Kansas City is a top 5 metro for high-wage jobs
Kansas City is atop yet another national list touting its economic vibrancy. Forbes recently released a report analyzing U.S. cities that create the most high-wage jobs, and Kansas City earned the No. 2 spot. The magazine said the City of Fountains’ low taxes and pro-business regulatory environment helped launch it into the top five cities…
Kansas City legal startup returns with WeWork award, $18K
A co-founder of Kansas City-based Venture Legal is departing from Austin, Texas, on Wednesday with a little more coin in his pocket. Chris Brown traveled to Austin to pitch his company Venture Legal as a finalist for WeWork’s Creator Awards’ South Regional on Tuesday and delivered the winning video pitch in the “Incubate” category. Beating…
Revamped Sprint Accelerator graduates its first cohort of agriculture, digital tech startups
Now in its fourth year, the Sprint Accelerator on Tuesday held a demo day showcasing the seven companies in its 2017 cohort that recently graduated its program. The cohort represents the first graduating class for the corporate partnership-based accelerator program since it parted ways with Techstars, with which it conducted three years of programming. Thanks…
Steve Case to KC entrepreneurs, investors: You can’t sit back now
To nudge more Kansas Citians off of the sidelines and into its budding entrepreneurial ecosystem, former AOL founder Steve Case spoke Friday to a group of local investors at a luncheon. KCRise Fund managing director Darcy Howe hosted a fireside chat with Case for a crowd of investors, potential investors and entrepreneurs. Case told the…