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 would like to deal with the NAICS codes that fall at intervals the WOSB program. I won't list them here -since there are 83 of them and that they represent hundreds of businesses - but 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 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 girl owned businesses, notably in substantially underrepresented industries. thus let's examine 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 the chance of typos, throughout the rest of this text, i am about 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, thus each four-digit code, usually, represents quite one kind 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 varieties of firms and thousands and thousands of different businesses.

A lot of ladies 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 beyond the truth.Yes, there are several varieties of makers that are "SU" by ladies but there are a large amount of other 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 ladies in each of the aforementioned classes.

So, if you are a girl running a successful business and have been probing 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 in all the underrepresented or substantially underrepresented classes. If so, your past performance and this certification may give you with the competitive advantage you need to succeed.

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