Long Beach City Council
May 24, 2022

Long Beach Guaranteed Income Pilot Program
City Council Meeting - May 24, 2022
• On March 16, 2021, the City Council approved the Long Beach Recovery Act to support COVID-19 recovery for residents and businesses
o Economic Recovery
o Health and Safe Community
o Securing our City’s Future
• Program: Long Beach Guaranteed Income Pilot Program
• Category: Economic Recovery
• Funding: $2,012,224
Long Beach Recovery Act
2 • Overarching theme of GI Pilots are to lift residents out of poverty
• Reduce economic inequalities that exist in
communities where people live and work together
• Payments can also stimulate the local economy by
boosting access to discretionary income to spend on
goods and services in the surrounding community
Guaranteed Income (GI)
Background on Guaranteed Income
3 • Participants in the Compton Pledge have used GI funds to buy groceries, pay for rent, start small businesses, and three participants started their own nonprofits
• The Stockton Economic Empowerment Demonstration
Pilot found that overall, participants were healthier,
showed less depression and anxiety, and attained
enhanced wellbeing
GI Pilot Findings
GI Pilot Outcomes
4 • In April 2021, a Community Working Group was established with representatives selected for their diverse background in nonprofit administration, academic achievement, and prior service to residents
• Reviewed dozens of historical GI related programs including those that already launched and those that were in pre-launch status
• Concluded that a Long Beach pilot would have the most impact on residents who have been hit hardest by the COVID- 19 pandemic and living in poverty within one concentrated geographic area
Community Working Group
Long Beach GI Foundation
5 • Highest concentration of poverty in Long Beach is within the 90813 Zip Code
• One out of every four families live at or below the Federal Poverty Line
• Residents were hit hardest economically by COVID-19 as the predominant occupation was within hospitality, retail and tourism sectors with unemployment rates exceeding 25
percent
• Residents had, at time of research, the highest concentration of COVID-19 positivity rates and the lowest percentage of vaccinations
Singled Headed Households Living in Poverty in 90813
Long Beach GI Selection Criteria
6 • 250 households will be randomly selected to participate in the treatment group and will receive GI benefits
• Yet to be determined number of households (estimated 250 to 300) will be randomly selected to participate in the control group and will not receive GI funds • $500 a month will be provided for 12 months to those participating in the treatment group
• Though 250 families will be selected to receive monthly GI funds, it is anticipated that the number of beneficiaries living within those households will exceed 1,000 • Efforts continue to identify grants that could provide matching funds to expand the program
• Research results will be added to the regional, State and national dialogue on the value of Guaranteed Income
Community Impact
Long Beach Guaranteed Income Pilot
7 • F4GI is a Los Angeles County based nonprofit that administers and implements Guaranteed Income programs
• Currently F4GI is administering the Compton Pledge, Chicago Future Fund, and the Chicago Community Love Fund
• F4GI is led by Nika Soon-Shiong who is the Founder and Executive Director
• All F4GI staff are based in Southern California and many have family roots in Long Beach with some currently reside within the city • F4GI is connected with over two dozen endowments who invest in GI programs
• F4GI were selected through an RFP process
F4GI (Fund for Guaranteed Income)
Long Beach Guaranteed Income Pilot & F4GI
8 Thank you
Nick Schultz
Deputy Director, Economic Development
9