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Basic income recipient uses $500 monthly check to start business, finds lasting stability

Created at 24 Jul · 9:11 AM1 source↑ Market-relevant
IN SHORT

A former recipient of a $500 monthly basic income payment used the funds to launch a business, which continues to provide her with financial stability four years later. The program aimed to alleviate financial hardship during the COVID-19 pandemic.

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Key Numbers

$500monthly basic income payment
1 yearduration of basic income payments
4 yearstime since business launch
300households in the program
200%federal poverty line for participants

Who's Involved

Crystal Crawford
Former basic income recipient and business owner
Allie Kelly
Author of the article
Basic income recipient uses $500 monthly check to start business, finds lasting stability

↳ Why This Matters

This story highlights the potential long-term positive impact of guaranteed basic income programs beyond their immediate duration, demonstrating how initial financial support can enable individuals to build sustainable businesses and careers.

Key facts

  • Crystal Crawford received $500 per month for one year through a basic income program.
  • She used the funds to start a business as a strategic partner.
  • The business continues to provide her with a steady income four years later.
  • Crawford also secured a new job as a community engagement specialist.
  • The program aimed to help households earning up to 200% of the federal poverty line.
  • Crystal Crawford, a 40-year-old former social worker, found financial stability after participating in a local guaranteed basic income program. She received $500 per month for one year, from December 2021 to December 2022, which she used to start her own business as a strategic partner. Four years later, the business continues to support her, and she has also taken on a role as a community engagement specialist.

    The Income Mobility Program for Atlanta Community Transformation, which Crawford participated in, included households earning up to 200% of the federal poverty line. While data from the pilot showed improvements in housing stability and savings, it did not significantly impact employment outcomes. Crawford stated that the flexibility provided by the guaranteed income allowed her to cover essential costs, such as preparing for interviews, which she might not have been able to afford otherwise.

    Despite her improved financial situation, Crawford still faces challenges, including student loan debt and a desire to increase her emergency savings. She also expressed a wish for more logistical support from the program, such as assistance navigating other aid programs, which has since become more common in basic income initiatives. The program's funding is typically limited, making short-term support the norm.

    Crawford advocates for continued investment in basic income programs, emphasizing that financial hardship can affect anyone, regardless of their educational background or financial responsibility. She believes that such programs are crucial for supporting lower-income households and have had a lasting positive impact on her life.

    Frequently asked questions

    Crystal Crawford received $500 per month for one year.

    She used the funds to cover the upfront costs of starting her own business as a strategic partner.

    Her business continues to provide her with a steady income four years later.

    The program aimed to alleviate financial hardship and improve housing stability and savings for low-income households.

    What Happens Next

    01Crawford hopes to begin paying down her student loan balance through an income-based repayment plan.

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    Cadence

    How It Developed

    Crystal Crawford qualified for a local guaranteed basic income program in Augusta, Georgia.
    The program provided nearly 300 households with $500 per month for one year.
    Crawford received payments between December 2021 and December 2022.
    She used the funds to cover upfront costs for starting her own business as a strategic partner.
    Four years later, Crawford's business continues to provide a steady income.
    She also secured a new role as a community engagement specialist for an online school.
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    Sources

    T1
    A former basic income recipient used her $500 a month check to start a business. It's keeping her afloat 4 years later.Business Insider

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