Stimulus update: Michigan to send monthly payments of $528 to low-income small-business owners in seven days

Monthly payments of $528 will be allocated in seven days to 100 low-income entrepreneurs in Ann Arbor, Michigan, who are participants in the Guaranteed Income to Grow Ann Arbor program.

Conducted by the University of Michigan’s Poverty Solutions team, this two-year pilot initiative began distributing payments in January to individuals who had been selected beforehand. Kristin Seefeldt, the associate director of Poverty Solutions, told the Washington Examiner that payments will be issued on the 15th of each month, with exceptions for weekends and holidays.

“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 January, according to Michigan Advance.

CLICK HERE TO READ MORE FROM THE WASHINGTON EXAMINER

The guaranteed income money was open to those who identified as an “entrepreneur, owner of a formal or informal small business, independent contractor, provide paid services informally, or a gig worker” in various industries.

The application closed last year, and interested candidates had to be residents of Ann Arbor and at least 18 years old. Applicants must have had an income at or below 225% of the federal poverty line, and those who receive or could qualify for federal assistance, such as the Supplemental Nutrition Assistance Program or Pell Grants, likely qualified.

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