Underrepresented and Substantially Underrepresented NAICS Codes

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Underrepresented and Substantially Underrepresented NAICS Codes

I've spoken before concerning the SBA's women Owned small Business certification however I mainly addressed the logistics of self-certifying and using a third party certification. these days i want to deal with the NAICS codes that fall at intervals the WOSB program. I will not list them here -since there are eighty three of them and they represent hundreds of businesses - however i will offer you a link where you'll be able to print the lists.

In February of this year, the ultimate rule for the woman Owned small Business federal contract program went into result. Like all SBA certifications, this program is designed to expand the federal contracting opportunities for lady owned businesses, notably in substantially underrepresented industries. so let's investigate 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 therefore the chance of typos, throughout the rest of this text, i am reaching 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, so every four-digit code, usually, represents quite one style of business.

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

A lot of women wrongly assume if they aren't within the producing, construction or "blue collar" sort industry, they do not qualify, that couldn't be away from the truth.Yes, there are many sorts of manufacturers that are "SU" by women however there are a ton of alternative industries similarly. Printing and connected Support Activities (NAICS code 3231); Offices of real estate 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 women 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 could also be a way for you to do 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 offer you with the competitive advantage you would like to succeed.

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