How Are Naics Codes Assigned

All EDWOSB-qualified companies automatically also qualify as WOSB, so they are also likely to benefit from the change. 11340-11343 New tables of the WOSB and EDWOSB NAICS codes can be found at: https://gov/content/women-owned-small-business-program .Review the new NAICS lists below: NAICS eligible for Woman-owned Small Business set-asides NAICS Eligible for Economicall Disadvantaged Woman-owned small business set-asides Office of the Chief Economist WOSB Study Details of the Women-Owned Small Business Program can be found at FAR 19.15 Woman-Owned Small Business Program. Funded through Cooperative Agreements between the U. Department of Defense and state and local governments/institutions, PTACs provide free and low-cost assistance in virtually all areas of government contracting.Establishments using similar raw material inputs, similar capital equipment, and similar labor are classified in the same industry.

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The United States, Canada and Mexico share the first five digits within the NAICS structure.

The sixth digit is designed for country specific classifications and may differ from one nation to the next.

Both codes are provided in the Business Information Report for your convenience. They've proven to be a useful tool for professionals looking to segment domestic markets, analyze customer relationships, and conduct general business research.

SIC Codes Standard Industrial Classification codes were developed by the Federal Government in conjunction with the U. SIC Codes divide all major economic activity into ten major divisions.

March 7, 2016 APTAC Staff article Effective Wednesday, March 3, SBA made major changes to the Women’s contracting program.

Pursuant to the National Defense Authorization Act of 2015, a study was conducted by the Office of the Chief Economist (OCE) U. Department of Commerce, which analyzed data to help SBA determine those NAICS codes in which WOSBs are underrepresented and substantially underrepresented in Federal contracting.

In 109 industries (36 percent of the total), WOBs have statistically significant lower odds of winning contracts, covering 62 percent of contracts and nearly two-thirds of dollars obligated under contracts awarded in FY 2013 or 2014.

In an additional 145 (48 percent) of the 304 industries included in the study, the odds of WOBs winning contracts were lower than those of otherwise similar non-WOBs, but in these cases there is not a statistically significant difference between the odds of winning contracts for the two groups.

The OCE looked at whether, holding constant various factors that might influence the award of a contract, the odds of winning Federal prime contracts by firms that were owned by women were greater or less than the odds of winning contracts by otherwise similar businesses.

Overall the study found that the odds of winning a contract for Woman-Owned Businesses (WOBs) are estimated to be roughly 21 percent lower relative to the odds of winning contracts by otherwise similar firms that were not identified as WOBs.

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