Low-income entrepreneurs in Ann Arbor, Michigan , who applied to receive monthly payments of $528, will receive their next payment in 21 days.
Payments stem from the Guaranteed Income to Grow Ann Arbor, a two-year guaranteed income pilot program led by the University of Michigan’s Poverty Solutions team. The program has been allocated $1.6 million in federal American Rescue Plan Act funds.
The payments started going out in January, and they 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. The next payment will be sent out on Feb. 15.
One hundred participants were selected randomly from an applicant pool of small business owners and entrepreneurs who demonstrated financial needs.
“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 in October 2023. She is also an associate professor of social work and public policy at the University of Michigan.