The next round of $528 monthly payments will be sent out in eight days to small businesses and entrepreneurs in Ann Arbor, Michigan.
The Guaranteed Income to Grow Ann Arbor program selected 100 participants randomly from an applicant pool of small-business owners and entrepreneurs who demonstrated financial needs. It’s a two-year guaranteed income pilot program led by the University of Michigan’s Poverty Solutions team, and $1.6 million in federal American Rescue Plan funds was allocated toward the program.
Payments will be sent out on the 15th of each month, depending on when weekends or holidays fall, Kristin Seefeldt, the associate director of Poverty Solutions, confirmed to the Washington Examiner previously. The payments are slated to run through 2025.
“This guaranteed income pilot is about celebrating residents who do much to strengthen our community but are still struggling to make ends meet,” Seefeldt said last year.
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Those who qualified had to be residents of Ann Arbor and at least 18 years old. Applicants had to have an income at or below 225% of the federal poverty line. Those who receive or could be eligible for federal assistance, such as the Supplemental Nutrition Assistance Program or Pell Grants, likely qualified.
The grant was open to those who identified as an “entrepreneur, owner of a formal or informal small business, independent contractor, provide paid services informally, or a gig worker” across various industries.
