Chicago’s $42M guaranteed income program is using innovative tech to distribute funds

Chicago's $42M guaranteed income program is using innovative tech to distribute funds

The Cook County Promise Pilot program will open for applications in October. As guaranteed income programs continue to expand and benefit thousands of families around the country, Chicago’s Cook County unveiled the largest one yet : A $42 million promise for thousands of Chicago-area families.

The substantially-endowed Cook County Promise Guaranteed Income Pilot will serve 3,250 low-income families, each receiving $500 monthly cash payments for 24 months. It’s similar to many other city-based free money programs , which range anywhere from $200 to $2,000 a month for thousands of households, that offer a localized glimpse into what could be accomplished […]

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