Approximately 10 days from now, Minneapolis residents will
receive a direct payment of $500 as part of the stimulus package
The next payment to participants in a guaranteed income program in Minneapolis will be processed in 10 days.
This payment is part of the MinneapoliApproximately 10 days from now,
Minneapolis residents will receive a direct payment of $500 as part of the stimulus package
This payment is part of the Minneapolis Guaranteed Basic Income Pilot,
which began in June 2022 and is expected to pay recipients monthly cash payments
through June 2024. In this program, 200 households were selected to receive $500 payments,
which can be spent however they like, according to the city's website.
This program's project manager told the Washington Examiner that payments are
processed every month on the 20th, and every participant receives $500.
An evaluation of the program is being conducted by the Federal
Reserve Bank of Minneapolis, according to the project manager.
The program required applicants to be 18 years old by Jan. 1, 2022,
earn at or below 50% of the area median income for Minneapolis,
and reside in one of several zip codes specified by the program.
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