Stimulus update: Michigan to send monthly payments of $528 to low-income small-business owners in 16 days

Monthly payments of $528 started going out to small businesses and entrepreneurs in Ann Arbor, Michigan, in January, and the next round of payments will be sent in 16 days.

The Guaranteed Income to Grow Ann Arbor, a two-year guaranteed income pilot program led by the University of Michigan’s Poverty Solutions team, selected 100 participants randomly from an applicant pool of small-business owners and entrepreneurs who demonstrated financial needs. The program has been allocated $1.6 million in federal American Rescue Plan funds.

Ending in 2025, payments 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, confirmed to the Washington Examiner this week. The next payment will be sent out on Feb. 15.

“This guaranteed income pilot is about celebrating residents who do much
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