As guaranteed income programs continue to expand and benefit thousands of families around the country, Chicago’s Cook County
Guaranteed income programs offer a similar type of long-term cash payments as UBI— a standardized financial safety net with few to no conditions attached — but for a select group of city residents. They’re a great way to prove the aid’s efficacy.
“With a $42 million investment, this two-year pilot is the largest publicly funded guaranteed income initiative in American history and will provide thousands of our residents with a stable economic foundation — many for the first time in their lives,” said Cook County Board of Commissioners president Toni Preckwinkle.
The program is in partnership with global NGO
AidKit’s payment technology is uniquely accessible to a broad range of prospective recipients. Originally founded after seeing the success of tech built and installed to support the
What makes AidKit’s tech so successful is its ease — the sign-up process for recipients is designed to be compatible with mobile devices and completed in under 30 minutes. Required documents can be submitted on the applicant’s time, with both in-person and online support if needed. And the application forms are both multilingual and available via text-to-voice technology, so they can be accessed by people with a range of verbal and literacy skills. The process is also easy for those who are unbanked — a group which makes up approximately five percent of the population, according to AidKit — allowing for direct cash payments via bank transfer, debit card, or virtual card.
“Our highest goal at AidKit is to leverage technology to improve people’s lives. Cook County Promise represents an unprecedented opportunity to do that at scale,” wrote CEO and co-founder Katrina Van Gasse in the program’s press release.
This isn’t the first, and it’s probably not the last, guaranteed income program born and fostered in the Chicago area. Chicago City Alderman Gilbert Villega originally
The Cook Country Promise program is a substantial, and history-making, addition to these direct cash efforts.
Applications for the Cook Country Promise pilot will go live on Oct. 6. City residents can