Underrepresented and Substantially Underrepresented NAICS Codes

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Underrepresented and Substantially Underrepresented NAICS Codes

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

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

The program distinguishes between underrepresented and substantially underrepresented businesses - to avoid wasting my fingers and the probability of typos, throughout the remainder of this text, i'm going to use "U" and "SU" to mean underrepresented and substantially underrepresented. There are 45 four-digit NAICS codes that are thought-about "U" and another thirty eight codes thought-about "SU". I emphasize four-digit NAICS codes here, because a NAICS code is six digits long, thus every four-digit code, usually, represents over one type of business.

For example, the four-digit NAICS code 5111 represents Newspaper, Periodical, Book and Directory Publishing. beneath that four-digit code, there are six completely different six-digit NAICS codes that represent "SU" businesses.So the eighty three codes represent 374 types of companies and thousands and thousands of different businesses.

A lot of girls wrongly assume if they aren't in the manufacturing, construction or "blue collar" kind trade, they don't qualify, that couldn't be beyond the reality.Yes, there are several types of makers that are "SU" by girls but there are a large amount of alternative industries yet. Printing and related Support Activities (NAICS code 3231); Offices of land 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 do know successful business girls in every of the aforementioned classes.

So, if you're a woman running a successful business and have been longing for some way to grow and expand, then the federal marketplace could also be some way for you to do that. I encourage you to print the list and see if your business falls into one in every of the underrepresented or substantially underrepresented classes. If so, your past performance and this certification could give you with the competitive advantage you would like to succeed.

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