Prince George's County Launches Its First-Ever Guaranteed Income Program

Prince George's County Launches Its First-Ever Guaranteed Income Program

On November 21st, the Greater Washington Community Foundation announced the launch of Thrive Prince George’s, a two-year, $4 million guaranteed-income pilot that seeks to provide greater economic stability and mobility for families in the region. The program, which is spearheaded by the GWCF, Prince George’s County Executive and Council, and the Meyer Foundation, will provide monthly payments of $800 to 50 youth (age 18-24) who have aged out of foster care and 125+ seniors (age 60+) for a 24-month period with no strings attached and no requirements tied to employment.

“Studies have shown that modest guaranteed basic income pilots can decrease poverty by as much as 40%,” said Tonia Wellons, President and CEO of the Greater Washington Community Foundation. “We strongly believe that this program will improve the lives of many in Prince George’s County and will reduce the racial wealth gap in a way that makes it viable for the county to consider providing guaranteed basic income for years to come.” 

While several pilots are currently operating around the region – including in Arlington, Alexandria, Fairfax, DC, and Montgomery County – this is the first guaranteed income program to exclusively serve residents of Prince George’s County. The $4 million pilot is funded using both public and private philanthropic resources, with participating partners each contributing $1 million to the program.

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Source: Greater Washington Community Foundation


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