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 need to handle the NAICS codes that fall within the WOSB program. I won't list them here -since there are 83 of them and they represent hundreds of businesses - however i will be able to give you a link where you'll be able to print the lists.

In February of this year, the ultimate rule for the girl Owned little Business federal contract program went into impact. 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 look into a number of the NACIS codes that areunderrepresented, shall we.

The program distinguishes between underrepresented and substantially underrepresented businesses - to save lots of my fingers and also the probability of typos, throughout the remainder of this text, i'm attending to use "U" and "SU" to mean underrepresented and substantially underrepresented. There are forty five four-digit NAICS codes that are considered "U" and another thirty eight codes considered "SU". I emphasize four-digit NAICS codes here, because a NAICS code is six digits long, therefore every four-digit code, usually, represents over one sort of business.

For example, the four-digit NAICS code 5111 represents Newspaper, Periodical, Book and Directory Publishing. below that four-digit code, there are 6 completely different six-digit NAICS codes that represent "SU" businesses.So the 83 codes represent 374 forms of corporations and thousands and thousands of various businesses.

A lot of girls wrongly assume if they are not within the manufacturing, construction or "blue collar" type business, they don't qualify, that could not be beyond the truth.Yes, there are many forms of makers that are "SU" by ladies however there are plenty of other industries further. Printing and connected 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 connected Services (5418) are all "SU" NAICS codes. i know successful business ladies in every of the aforementioned categories.

So, if you're a lady running a successful business and have been searching for a way to grow and expand, then the federal marketplace is also a way for you to try to to that. I encourage you to print the list and see if your business falls into one amongst the underrepresented or substantially underrepresented categories. If so, your past performance and this certification might give you with the competitive advantage you would like to succeed.

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