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September 13, 2023

US Cities Giving Away $14,940,000 With Zero Strings Attached in New Basic Income Trials

By Daily Hodl Staff

Cities across the US are spinning up basic income trials at a rapid rate.

A total of $14.49 million will be handed out in new pilot programs to test just how effective it is to hand out money to people with low incomes.

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Applications are now open in Ann Arbor, Michigan for a pilot that will give a total of $1.2 million to entrepreneurs, self-employed people, small businesses owners, gig workers and people with side hustles.

One-hundred applicants will be randomly selected to receive $528 per month for two years, beginning in 2024.

Participants must earn a yearly income that’s at or below 225% of the federal poverty line.

The money was allocated by the Ann Arbor City Council using funds received from the federal American Rescue Plan Act.

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In Austin, Texas, $1.3 million has been allocated to continue basic income pilot that hands out $1,000 a month to people facing homelessness or displacement.

In Philadelphia, Pennsylvania, a total of $449,400 has been set aside to be handed out over the course of a year.

A group of 51 families who are already receiving temporary assistance will receive a total of $500 per month for a year, and an additional 239 families will receive an extra $50 per month.

And in Santa Clara County, California, $12 million has now been allocated to fund four basic income trials.

Early results from the county’s first pilot found the money had a significant impact on people’s livelihoods.

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“Evaluation of the County’s very first pilot for foster youth from 2020 showed participants overcame barriers and led healthier lives.

After two years, participants reported improved well-being with measurable improvements in income stability, employment, housing, and an increased credit score. Many reported a generational impact by being able to enroll their children in extracurricular activities or getting jobs that allowed them to spend more time with their children.”

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