Michigan will provide low-income small business owners with monthly payments of $528 in just 10 days
Residents of Ann Arbor, Michigan, who qualified for a program supporting entrepreneurs and small business owners will receive their next monthly payment in just 10 days. This exciting initiative, known as Guaranteed Income to Grow Ann Arbor, is being spearheaded by the esteemed Poverty Solutions team at the University of Michigan. Since January, selected applicants have been receiving these payments, which are scheduled to be sent out on the 15th of each month. Kristin Seefeldt, the associate director of Poverty Solutions, shared this information with the Washington Examiner.
According to Seefeldt, the purpose of this guaranteed income pilot is to recognize and support residents who contribute greatly to our community but still face financial hardships. In October, Seefeldt, who is also an associate professor at the University of Michigan, expressed her enthusiasm for the program. She emphasized the importance of assisting individuals who are working hard but struggling to make ends meet.
Applications for the program closed last year, and to be eligible, candidates had to be residents of Ann Arbor and at least 18 years old. Additionally, their income had to be 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 to meet the criteria.
The guaranteed income was made available to individuals who identified as entrepreneurs, small business owners, independent contractors, providers of paid services, or gig workers in various industries. This diverse range of professions highlights the program’s commitment to supporting a wide array of individuals in need.
Stay tuned for the next payment, which will be arriving in just 10 days. This program is truly making a difference in the lives of Ann Arbor residents, and it’s wonderful to see the community coming together to uplift and empower those who need it most.
How has the program impacted the residents of Ann Arbor so far
Residents of Ann Arbor, Michigan, who have qualified for a program supporting entrepreneurs and small business owners will be receiving their next monthly payment in just 10 days. This exciting initiative, known as Guaranteed Income to Grow Ann Arbor, is being spearheaded by the esteemed Poverty Solutions team at the University of Michigan. Selected applicants have been receiving these payments since January, with the next installment scheduled to be sent out on the 15th of each month.
Kristin Seefeldt, the associate director of Poverty Solutions, shared this information with the Washington Examiner. According to Seefeldt, the purpose of this guaranteed income pilot is to recognize and support residents who contribute greatly to our community but still face financial hardships. She expressed her enthusiasm for the program, emphasizing the importance of assisting individuals who are working hard but struggling to make ends meet.
Applications for the program closed last year, and to be eligible, candidates had to be residents of Ann Arbor and at least 18 years old, with 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 to meet the criteria.
The guaranteed income is made available to individuals who identify as entrepreneurs, small business owners, independent contractors, providers of paid services, or gig workers in various industries. This diverse range of professions highlights the program’s commitment to supporting a wide array of individuals in need.
Ann Arbor residents are encouraged to stay tuned for the next payment, which will be arriving in just 10 days. This program is truly making a difference in the lives of residents, and it’s wonderful to see the community coming together to uplift and empower those who need it most.
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