Underrepresented and Substantially Underrepresented NAICS Codes

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Underrepresented and Substantially Underrepresented NAICS Codes

I've spoken before regarding the SBA's women Owned tiny Business certification but I mainly addressed the logistics of self-certifying and employing a third party certification. nowadays i need to handle the NAICS codes that fall inside the WOSB program. I won't list them here -since there are eighty three of them and they represent many businesses - but i will offer you a link where you can print the lists.

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

The program distinguishes between underrepresented and substantially underrepresented businesses - to save my fingers and the likelihood of typos, throughout the rest of this article, i am planning to use "U" and "SU" to mean underrepresented and substantially underrepresented. There are 45 four-digit NAICS codes that are considered "U" and another 38 codes considered "SU". I emphasize four-digit NAICS codes here, as a result of a NAICS code is six digits long, therefore every four-digit code, usually, represents over one style of business.

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

A lot of women wrongly assume if they are not within the manufacturing, construction or "blue collar" type trade, they don't qualify, that could not be clear of the reality.Yes, there are several varieties of makers that are "SU" by women but there are a lot of other industries in addition. Printing and related Support Activities (NAICS code 3231); Offices of realty 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 women in every of the aforementioned classes.

So, if you are a girl running a successful business and are searching for the simplest way to grow and expand, then the federal marketplace is also the simplest way for you to try and 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 offer you with the competitive advantage you would like to succeed.

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