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 small Business certification but I mainly addressed the logistics of self-certifying and employing a third party certification. these days i need to address the NAICS codes that fall at intervals the WOSB program. I will not list them here -since there are eighty three of them and that they represent hundreds of businesses - but i will be able to offer you a link where you'll print the lists.

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

The program distinguishes between underrepresented and substantially underrepresented businesses - to save lots of my fingers and the probability of typos, throughout the rest of this text, i am 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, therefore each four-digit code, usually, represents over one variety of business.

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

A lot of girls wrongly assume if they don't seem to be in the manufacturing, construction or "blue collar" type business, they don't qualify, that couldn't be away from the reality.Yes, there are many sorts of manufacturers that are "SU" by ladies but there are a lot of alternative industries moreover. Printing and connected 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 connected Services (5418) are all "SU" NAICS codes. i do know successful business ladies in each of the aforementioned classes.

So, if you're a lady running a successful business and are probing for how to grow and expand, then the federal marketplace may be how for you to try and do that. I encourage you to print the list and see if your business falls into one among the underrepresented or substantially underrepresented classes. If so, your past performance and this certification might offer you with the competitive advantage you wish to succeed.

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