CCM is pleased to present Innovative Ideas: Regional Cooperation for a More Viable Connecticut. From airbnb to zipcar, the Sharing Economy is rapidly redefining business models across industries. It is an economic model in which individuals are able to borrow or rent assets owned by someone else. The sharing economy model is most likely to be used when the price of a particular asset is high and the asset is not fully utilized all the time. Translating these concepts to local government can save municipalities and their property taxpayers money. Sharing both the costs and benefits of equipment, programs, and studies with neighboring towns makes each stronger than they are alone.
