June 16, 2017
Today’s 5 on Friday looks at resources on how communities are responding to the opportunities and challenges of the sharing economy. Companies such as Uber and Airbnb have transformed the way we are doing business. Some communities like Innisfil are finding new ways to serve their community via sharing services while other communities are struggling to develop policies to address the realities of this new economic wave.
Five resources for communities addressing the sharing economy
Innisfil adopts Uber - The town of 36,000 launched a partnership with Uber in May. Town council had determined a fixed route bus service was not affordable. Instead they are providing discounted ride sharing trips on Uber for a fraction of the cost. https://www.uber.com/cities/innisfil/partnership/
Toronto to debate regulations for the short-term rental market– A story from Global news outlining the City’s deliberations on new regulations for short-term rental services such as Airbnb. Some of the proposed reguations include limiting short-term rentals to a person’s principal residence, a registry for rental operators and a short term rental tax. http://globalnews.ca/news/3520262/toronto-airbnb-short-term-rental-market/
Airbnb trips – An introduction to a new service Airbnb launched this May. This new service provides sharing economy services for tourism attractions and experiences. Uber says it can “help to diversify tourism away from busy city centres and allow local people to participate and benefit from tourism by sharing skills and making a little extra money from their interests and passions.’ Trips is also a great way for local residents to discover.
The right way—and wrong way—for cities to regulate Uber – from McLeans magazine. A comparison of Edmonton and Calgary’s efforts to regulate Uber. It also reviews some of Uber’s positive and negative impacts. http://www.macleans.ca/economy/economicanalysis/the-right-way-and-wrong-way-for-cities-to-regulate-uber/
The Economic Impact of the Sharing Economy - an article from the Brookings Institution. Recommendations for policy makers include lowering barriers to entry for start up companies, encouraging sharing economy companies to share their data and providing consumers with control on how businesses use their data.