Michigan will provide $528 monthly payments to low-income small business owners in just six days
Residents of Ann Arbor, Michigan, to Receive Next Monthly Payment in Six Days
Residents of Ann Arbor, Michigan, who are part of a program for 100 entrepreneurs or small business owners, can expect their next monthly payment in just six days. This exciting initiative, known as Guaranteed Income to Grow Ann Arbor, is being spearheaded by the University of Michigan’s Poverty Solutions team. Payments began in January and will continue to be distributed on the 15th of each month, with slight adjustments for weekends and holidays.
A Program Celebrating Community Strength
In October, Kristin Seefeldt, the associate director of Poverty Solutions, expressed the program’s purpose: to recognize and support residents who contribute greatly to our community but still face financial challenges. This guaranteed income pilot aims to provide relief to those who are working hard but struggling to make ends meet.
Eligibility and Application Process
The guaranteed income funds were made available to individuals who identified as entrepreneurs, small business owners, independent contractors, gig workers, or providers of paid services in various industries. Applications for the program closed last year, and interested candidates had to meet specific criteria. They had to be residents of Ann Arbor, at least 18 years old, and have an income at or below 225% of the federal poverty line. Those who receive or could qualify for federal assistance, such as the Supplemental Nutrition Assistance Program or Pell Grants, were likely eligible for the program.
Stay tuned for more updates on this groundbreaking initiative that aims to uplift and support the hardworking residents of Ann Arbor, Michigan.
Who is eligible to receive the guaranteed income payments?
Residents of Ann Arbor, Michigan, who are part of a program for 100 entrepreneurs or small business owners, can expect their next monthly payment in just six days. This exciting initiative, known as Guaranteed Income to Grow Ann Arbor, is being spearheaded by the University of Michigan’s Poverty Solutions team. Payments began in January and will continue to be distributed on the 15th of each month, with slight adjustments for weekends and holidays.
A Program Celebrating Community Strength
In October, Kristin Seefeldt, the associate director of Poverty Solutions, expressed the program’s purpose: to recognize and support residents who contribute greatly to our community but still face financial challenges. This guaranteed income pilot aims to provide relief to those who are working hard but struggling to make ends meet.
Eligibility and Application Process
The guaranteed income funds were made available to individuals who identified as entrepreneurs, small business owners, independent contractors, gig workers, or providers of paid services in various industries. Applications for the program closed last year, and interested candidates had to meet specific criteria. They had to be residents of Ann Arbor, at least 18 years old, and have an income at or below 225% of the federal poverty line. Those who receive or could qualify for federal assistance, such as the Supplemental Nutrition Assistance Program or Pell Grants, were likely eligible for the program.
Stay tuned for more updates on this groundbreaking initiative that aims to uplift and support the hardworking residents of Ann Arbor, Michigan.
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