An impact evaluation the USDA Rural Development Business and Industry Guarantees Program (BIGP). The presented proposal includes:
To ensure that the Business and Industry Guarantees Program (BIGP) from the USDA Rural Development provides for an expansion of total credit in the rural markets that it serves as opposed to a “crowding out” of private credit.
BIGP is a broad program which has a targeted group of rural areas (as opposed to urban or suburban) which may have a multitude of effects on local economies. To narrow the evaluation of the program to one specific area I propose to evaluate credit markets and thus would like to cover these particular areas: