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Andrew Yang foundation to give some New Yorkers $500 per month for 5 years

Businessman Andrew Yang to suspend presidential campaign
Posted at 4:06 PM, May 11, 2020
and last updated 2020-05-11 16:06:54-04

HUDSON, N.Y. — Former presidential candidate Andrew Yang is working on a new initiative that will give select residents in an upstate New York town $500 each month for five years.

The pilot program, a collaboration between Yang’s Humanity Forward foundation and The Spark of Hudson community learning center, will benefit 20 residents of Hudson, located about 120 miles north of New York City.

Residents have not yet been selected for the initiative, dubbed HudsonUp.

The selection process will be announced at a later date, according to the program’s website, though so far the only qualifying restriction is that participants must be 18 or older.

The goal of HudsonUp is to demonstrate the concept of basic income for all — Yang’s central platform in his 2020 presidential campaign.

Husdon has a population of about 6,000 people, of whom nearly one-third live at or below the poverty line, according to the HudsonUp website. With the cost of living relatively low compared to major U.S. cities, the program aims to highlight how “trickle-up economics,” even on a small scale, can change lives as well as communities.

While HudsonUp doesn’t plan to limit how participants spend their money, the program will be tracking their progress over the five years that they receive the monthly payments, according to the program’s website.

All other aspects of the program, such as classes on financial literacy or other life skills, will be voluntary.