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Sharing Economy

From parked cars to spare bedrooms, platforms such as Airbnb, HomeAway, Lyft and Uber are making our lives easier and creating new opportunities for Americans earn extra income. The sharing economy attracts more than 22 million consumers and generates $57 billion in yearly U.S. spending, according to the most recent data from the Harvard Business Review. It has built avenues to entrepreneurship for people across the country; and it has revolutionized the way we travel and experience our own cities and towns. 

Many local and state governments are have recognized the positive impact of sharing economy companies on their community, but this is not the case everywhere. Some have enacted burdensome and unnecessary regulations on the sharing economy that are stifling innovation and limiting consumer choice. Find out more about the sharing economy by visiting CTA’s Innovation Scorecard, which grades states’ policies on ridesharing and short-term rentals.

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