Residents residing in Ann Arbor, Michigan, who submitted applications for monthly disbursements of $528 as part of a program targeting low-income small business proprietors and entrepreneurs will receive their second installment today.
Last month, the commencement of disbursements marked the initiation of a programmatic endeavor involving hundreds of selected applicants participating in a two-year pilot initiative titled “Guaranteed Income to Grow Ann Arbor.”
This initiative is orchestrated by the Poverty Solutions team at the esteemed University of Michigan.
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Michigan’s Guaranteed Income Program Eligibility
The application period for the aforementioned program concluded in the year 2023, during which interested residents were obligated to fulfill precise criteria to be considered for participation.
Eligible candidates were mandated to be residents of Ann Arbor, attaining the age of 18 or older, while maintaining incomes that fell within or below 225% of the federal poverty line.
Applicants who were already recipients of federal assistance programs or had the potential to qualify for such aid, including programs like the Supplemental Nutrition Assistance Program (SNAP) or Pell Grants, were deemed likely to satisfy the eligibility criteria for participation.
The grant was accessible to individuals identified as entrepreneurs, owners of formal or informal small businesses, independent contractors, providers of informal paid services, or gig workers across various sectors.
Payments Set for Monthly Distribution
Kristin Seefeldt, the associate director of Poverty Solutions, confirmed to the Washington Examiner this week that payments will be disbursed on the 15th of each month, adjusting for weekends or holidays as necessary.
These payments are scheduled to continue until 2025.
Seefeldt stated that the guaranteed income pilot aims to acknowledge residents who make substantial contributions to our community’s strength while grappling with ongoing financial difficulties.