"NYC's struggling commuter van industry is getting a much-needed financial boost to help offset high insurance costs and invest in safety and technology upgrades. Empire State Development (ESD), a New York economic development organization, announced on Monday that it provided more than $2 million through its Commuter Van Stabilization Program (CVSP), launched in September 2024, to help drivers in the often-overlooked commuter van industry in NYC."
"ESD representatives said the CVSP has provided insurance subsidies of up to $40,000 per van and reimbursements of up to $10,000 for safety and technology improvements, including dash cams, GPS tracking and advanced driver assistance systems. Reps also stated that the program has supported over 50 vans and disbursed more than $2 million to commuter van operators, resulting in a 50% increase in TLC-licensed vans operating citywide."
Empire State Development provided more than $2 million through the Commuter Van Stabilization Program (CVSP), launched in September 2024, to assist commuter van drivers in New York City. The CVSP offers insurance subsidies up to $40,000 per van and reimbursements up to $10,000 for safety and technology upgrades, including dash cams, GPS tracking, and advanced driver assistance systems. The program has supported over 50 vans and disbursed more than $2 million, and ESD reports a 50% increase in TLC-licensed commuter vans operating across the city. Commuter vans serve neighborhoods underserved by public transit but have faced declining vehicle availability and rising operating costs over the past decade.
Read at www.amny.com
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