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

Residents of Ann Arbor, Michigan, who qualified for a program for 100 entrepreneurs or small business owners, will see their next monthly payment in six days.

The two-year guaranteed income pilot program, called Guaranteed Income to Grow Ann Arbor, is led by the University of Michigan’s Poverty Solutions team. The payments started going out in January to selected applicants, and they will be sent out on the 15th of each month, depending on when weekends or holidays fall, Kristin Seefeldt, the associate director of Poverty Solutions, told the Washington Examiner previously.

“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 October.

CLICK HERE TO READ MORE FROM THE WASHINGTON EXAMINER 

The guaranteed income money was available 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. 

Applications closed last year. 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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