Lyft and Kansas City may reunite thanks to new ride-sharing law

April 27, 2017  |  Bobby Burch

Photo by Lyft

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.

startland-tip-jar

TIP JAR

Did you enjoy this post? Show your support by becoming a member or buying us a coffee.

Tagged , , ,
Featured Business
    Featured Founder

      2017 Startups to Watch

        stats here

        Related Posts on Startland News

        Events Preview: 1WeekKC edition

        By Tommy Felts | May 19, 2016

        There are a boatload of entrepreneurial events hosted in Kansas City on a weekly basis. Whether you’re an entrepreneur, investor, supporter or curious Kansas Citian, we’d recommend these upcoming events for you. WEEKLY EVENT PREVIEW Zen and the Art of Failure When: May 19 @ 4:30 pm – 7:00 pm Where: Village Square We’re inviting the Kansas…

        Kauffman: U.S. entrepreneurial growth on upward trend

        By Tommy Felts | May 19, 2016

        For the third year in a row, U.S. entrepreneurial ventures are growing, indicating that domestic entrepreneurship growth has rebounded since the Great Recession, according to the Ewing Marion Kauffman Foundation. The “2016 Kauffman Index of Growth Entrepreneurship” found the improvement was in large part thanks to startups growing faster in their first five years than…

        Greg Kratofil shows how startups can tap new crowdfunding law

        By Tommy Felts | May 19, 2016

        Kansas City startups are already interested in tapping new crowdfunding rules that allow them to trade equity for investment funds. Polsinelli tech attorney Greg Kratofil said that he’s fielded several calls from entrepreneurs hoping to raise capital via recent changes to the Securities and Exchange Commission’s equity crowdfunding regulations. The changes, which took effect on…

        The Bunker Labs KC lands funding to help veteran entrepreneurs

        By Tommy Felts | May 18, 2016

        The area’s go-to organization for military veteran entrepreneurs, Bunker Labs KC, will boost its impact in the area with new financial support. The local organization, which is a part of the national network of Bunker Labs, announced Wednesday that it received $100,000 from the Missouri Technology Corporation. The funds will primarily be used to bring…