Massachusetts’ law on transportation network companies (TNC) in 2016 contained something unusual: a fund to support “disrupted” taxicab and livery companies.
The state’s Transportation Infrastructure Enhancement Trust Fund charges a five-cent assessment for every TNC ride in the state.
TLPA’s executive leadership has been working with the Metropolitan Area Planning Council—the planning agency for the Boston metro area—to figure out the “program” for these funds. The planning agency will, in turn, provide implementation recommendations to MassDevelopment, the state’s economic development and finance agency.
To this end, the planning agency is seeking to determine
- the current state of the taxicab and livery industry;
- the most impactful opportunities for government assistance; and,
- the funding mechanism that would be most useful to disrupted Massachusetts businesses.
In other words: What can MassDevelopment do to make certain that the state’s funding program monies are used and are useful?
According to the planning agency, it will conduct an extensive stakeholder outreach campaign in early 2019 to gain input from operators across Massachusetts. The planner hopes to make its final recommendations to MassDevelopment by midsummer 2019.
TLPA staff leadership has provided the planning agency with substantial input in a variety of categories: market opportunities for traditional taxicab and livery companies, business considerations and opportunities for drivers, ideas on how best to fund the program, and conducting outreach to Massachusetts businesses.
TLPA is also assisting the planning agency by connecting it with the association’s members in Massachusetts concerning the fund. Keep an eye out for an upcoming article in our February members-only e-newsletters that will preview key recommendations from these operators.