ARPA Guaranteed Basic Income (GBI) Financial Distribution Request for Proposals

Sponsor: Office of the Treasurer
Procurement Type: Request for Proposals  and or Qualifications

Starting Date: 06-01-2023
Closing Date: 06-20-2023
Closing Time: 05:00 PM

The City of St. Louis is seeking a Financial Distribution Partner to support the Treasurer’s Office and City of St. Louis with distributing $4,000,000 of funds to 440 individuals in $500 increments across 18 months. This includes:

-- Work collaboratively with city staff, contracted vendors, and other relevant partners to ensure funds are distributed in a timely fashion
-- Provide reloadable debit cards in the amount of $500/month for 18 months 
-- Collect and forward spending data to relevant city personnel and contracted vendors
-- Provide technical support for GBI Program recipients regarding their debit card for any issues that prohibit their accessing funds

Special consideration will be given to vendors that offer ACH direct deposit. This is not a requirement. The respondents' proposal should describe any additional benefits associated with services. 

All official communication regarding the GBI program is jointly created with the Treasurer's Office and the City of St. Louis. Financial Distribution partners will be asked to contribute information to our media reports, including spending data, the amount distributed, and the amount left for distribution.

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