Underrepresented and Substantially Underrepresented NAICS Codes

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Underrepresented and Substantially Underrepresented NAICS Codes

I've spoken before about the SBA's ladies Owned little Business certification however I mainly addressed the logistics of self-certifying and employing a third party certification. today i want to address the NAICS codes that fall among the WOSB program. I will not list them here -since there are eighty three of them and that they represent many businesses - however i'll give you a link where you'll be able to print the lists.

In February of this year, the ultimate rule for the woman Owned little Business federal contract program went into impact. Like all SBA certifications, this program is intended to expand the federal contracting opportunities for girl owned businesses, particularly in substantially underrepresented industries. thus let's scrutinize a number of the NACIS codes that areunderrepresented, shall we.

The program distinguishes between underrepresented and substantially underrepresented businesses - to avoid wasting my fingers and also the chance of typos, throughout the rest of this article, i am planning to use "U" and "SU" to mean underrepresented and substantially underrepresented. There are forty five four-digit NAICS codes that are thought of "U" and another thirty eight codes thought of "SU". I emphasize four-digit NAICS codes here, as a result of a NAICS code is six digits long, thus every four-digit code, usually, represents more than one variety of business.

For example, the four-digit NAICS code 5111 represents Newspaper, Periodical, Book and Directory Publishing. underneath that four-digit code, there are half dozen different six-digit NAICS codes that represent "SU" businesses.So the eighty three codes represent 374 forms of corporations and thousands and thousands of different businesses.

A lot of women wrongly assume if they aren't in the manufacturing, construction or "blue collar" sort business, they do not qualify, that could not be further from the reality.Yes, there are many forms of manufacturers that are "SU" by ladies however there are a ton of other industries further. Printing and related Support Activities (NAICS code 3231); Offices of assets Agents and Brokers (5312); Legal Services (5411); Accounting, Tax Preparation, Bookkeeping, and Payroll services (5412); and Advertising, Public Relations and related Services (5418) are all "SU" NAICS codes. i know successful business ladies in every of the aforementioned categories.

So, if you are a lady running a successful business and have been craving for a way to grow and expand, then the federal marketplace may be a way for you to do that. I encourage you to print the list and see if your business falls into one of the underrepresented or substantially underrepresented categories. If so, your past performance and this certification may give you with the competitive advantage you would like to succeed.

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