Ann Arbor to launch guaranteed income pilot program for small business owners in 2024

Ann Arbor to launch guaranteed income pilot program for small business owners in 2024

File Photo/Daily. Buy this photo. Starting in January 2024, 100 randomly selected low-income Ann Arbor residents will receive $528 per month for two years as part of the city’s new guaranteed income pilot program: Guaranteed Income to Grow Ann Arbor . The program’s funds, which aim to support low-income entrepreneurs and small business owners, have been allocated from the $24.2 million in federal funding given to the City of Ann Arbor under the American Rescue Plan .

According to the program’s website, applications will be accepted from Oct. 2 to Oct. 13 for individuals who are at or below 225% […]

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