92611 - Administration of General Economic Programs
In today’s complex economic landscape, government agencies play a vital role in steering national and regional economic growth. One key classification that encapsulates these essential functions is NAICS Code 92611 - Administration of General Economic Programs. This code covers government establishments responsible for managing and coordinating broad economic programs that influence policy, development, and stabilization. Understanding this NAICS code is crucial for businesses, contractors, and policymakers working within economic sectors and public administration.
What is NAICS Code 92611?
NAICS Code 92611 refers to government agencies and establishments primarily engaged in the administration of general economic programs. This includes activities related to:
- Economic development initiatives
- Economic stabilization efforts
- Broader economic policy administration
These agencies are essential in shaping economic viability, promoting sustainable growth, and implementing policies that affect the overall economic environment.
Sector and Typical Business Activities
- Sector: Public Administration
- Industry: Administration of General Economic Programs
- Typical Business Types/Activities Under NAICS 92611:
- Economic development agencies at local, state, or federal levels
- Government offices that formulate, manage, and implement economic policy
- Administrators managing economic stabilization programs designed to cushion economic shocks
These government establishments facilitate economic progress by designing and overseeing programs that create jobs, attract investments, and manage economic fluctuations.
Size Standards for Eligibility
Understanding size standards is essential, especially for businesses and contractors interested in government contracting and small business classification under this NAICS code:
| NAICS Code | Title | Size Standard |
|---|---|---|
| 92611 | Administration of General Economic Programs | Varies; generally no small business size standard applies since these are government entities |
Note: Because NAICS 92611 primarily includes government agencies rather than private businesses, small business size standards typically do not apply directly. However, vendors and contractors working with or for these agencies may be subject to size standards relevant to their own NAICS classifications.
Examples of Businesses and Agencies in NAICS Code 92611
- State Economic Development Departments
- U.S. Economic Stabilization Program Offices
- Local Government Economic Policy Units
- Regional Economic Planning Councils
- Governmental Economic Research and Policy Advisory Entities
These examples illustrate the diversity within this code, all united by their focus on the administration and management of economic programs.
Key Takeaways
- NAICS Code 92611 specifically deals with administration of general economic programs within government agencies.
- It falls under the Public Administration sector.
- Agencies under this code are responsible for economic development, stabilization, and policy coordination.
- Typical entities include economic development agencies and government offices managing economic policies.
- Size standards are generally not applicable as this involves government establishments.
Frequently Asked Questions (FAQ)
What does NAICS Code 92611 cover?
NAICS 92611 covers government organizations primarily engaged in administering and managing general economic programs related to development, stabilization, and policy.
Which sector does this NAICS code fall under?
It is classified under the Public Administration sector.
Can private businesses be classified under NAICS 92611?
No, NAICS 92611 mainly pertains to government establishments. However, private contractors may support these entities under different NAICS codes.
Are there size standards for NAICS 92611?
Typically, size standards do not apply to these government agencies. However, contractors working with them must follow their relevant NAICS code size standards.
Can you give examples of agencies under NAICS 92611?
Examples include state economic development departments, government offices handling economic stabilization programs, and regional economic planning councils.
Conclusion
NAICS Code 92611 is an essential classification for understanding government roles in economic program administration. From fostering economic development to stabilizing markets, these agencies influence economic policy and progress on multiple fronts. Whether you’re a policymaker, contractor, or researcher, knowing the scope and nature of NAICS 92611 can help you navigate the public administration landscape more effectively.
Unlock deeper insights into government economic programs by exploring NAICS 92611 and stay ahead in public-sector opportunities and collaborations.
