Minneapolis residents to receive $500 direct payment in one day as stimulus check update.
Get Ready for a Direct Payment Worth $500 in Minneapolis!
Exciting news for Minneapolis residents! The Minneapolis Guaranteed Basic Income Pilot is set to process its next payment to recipients in just one day. The payment, which will be sent on Saturday, is a direct payment worth 0. This program began in June 2022 and is expected to pay recipients monthly cash payments through June 2024.
Who is Eligible for the Program?
To be eligible for this program, applicants had to be 18 years old by Jan. 1, 2022, have an annual income at or below 50% of the area median income for Minneapolis, and live in one of several ZIP codes specified by the program. Additionally, applicants had to have been affected by the coronavirus pandemic. Qualifying effects of the pandemic include losing a job, having higher health expenses, or losing access to child care.
What Can You Do with the $500 Payment?
According to the city’s website, all 200 households selected to receive payments from this program can spend the $500 payments in whatever way suits them best. So, whether you need to pay bills, buy groceries, or treat yourself to something special, the choice is yours!
Program Demographics
Recipients of this program are mostly black, indigenous, or people of color, at 80.5%. The other recipients, at 19.5%, are either white or non-Hispanic. Additionally, 69% of the program’s recipients are women, and 42.5% of all recipients are between 30 and 39. About a third of households receiving money from this program have just one person in the household.
Don’t miss out on this amazing opportunity! Payments for this program are processed on the 20th of every month, so make sure you’re eligible and apply today. The program is being evaluated by the Federal Reserve Bank of Minneapolis, so you can rest assured that it’s a legitimate and worthwhile initiative.
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