Underrepresented and Substantially Underrepresented NAICS Codes

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Underrepresented and Substantially Underrepresented NAICS Codes

I've spoken before regarding the SBA's ladies Owned small Business certification but I mainly addressed the logistics of self-certifying and using a third party certification. today i would like to deal with the NAICS codes that fall among the WOSB program. I won't list them here -since there are 83 of them and they represent many businesses - but i'll provide you a link where you'll print the lists.

In February of this year, the ultimate rule for the woman Owned small Business federal contract program went into impact. Like all SBA certifications, this program is intended to expand the federal contracting opportunities for lady owned businesses, particularly in substantially underrepresented industries. therefore let's scrutinize 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 also the chance of typos, throughout the remainder of this text, i'm going 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 38 codes considered "SU". I emphasize four-digit NAICS codes here, because a NAICS code is six digits long, therefore each four-digit code, usually, represents more than one variety of business.

For example, the four-digit NAICS code 5111 represents Newspaper, Periodical, Book and Directory Publishing. underneath that four-digit code, there are half dozen completely different six-digit NAICS codes that represent "SU" businesses.So the 83 codes represent 374 sorts of companies and thousands and thousands of different businesses.

A lot of girls wrongly assume if they aren't in the producing, construction or "blue collar" type industry, they do not qualify, that couldn't be clear of the truth.Yes, there are many sorts of manufacturers that are "SU" by ladies but there are a lot of other industries likewise. Printing and connected Support Activities (NAICS code 3231); Offices of property 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 each of the aforementioned classes.

So, if you are a girl running a successful business and have been searching for the way to grow and expand, then the federal marketplace could also be the way for you to try to to 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 might provide you with the competitive advantage you wish to succeed.

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