926110 - Administration of General Economic Programs

Navigating the world of government contracting and public administration requires clear knowledge of the North American Industry Classification System (NAICS) codes. One key code is NAICS 926110 – Administration of General Economic Programs. This NAICS code covers government establishments that play a crucial role in shaping and managing the overall economy through various economic programs. Whether you are a contractor, government official, or business owner, understanding this code is essential for aligning with federal and state economic initiatives.

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What is NAICS Code 926110?

NAICS Code 926110 refers to the industry sector primarily engaged in the administration and oversight of general economic programs. These programs include economic development, economic stabilization, and strategic economic planning efforts aimed at supporting the broad economic environment rather than focusing on specific industries or sectors.

This industry is key to fostering economic stability and growth through various government-established programs designed to influence the economic landscape broadly.

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Sector: Public Administration

This NAICS code falls under the Public Administration sector, involving government agencies tasked with:

• Managing economic development efforts
• Coordinating economic stabilization measures
• Planning and forecasting economic trends
• Overseeing consumer protection and trade development programs

It encompasses a wide array of government activities that collectively ensure a stable and constructive economic environment.

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Typical Business Activities & Examples

Businesses and establishments classified under NAICS 926110 engage in diverse activities, such as:

• Economic development planning and administration
• Managing federal or state economic stabilization programs
• Supporting small business growth and workforce development
• Administering trade commissions and tourism development
• Conducting economic research and statistical analysis

Examples of Typical Business Types:

• Economic Development Agencies
• Government Economic Planning Offices
• Economic Stabilization Program Administrators

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Size Standards for Eligibility

For businesses interested in government contracting under NAICS 926110, size standards generally align with the Small Business Administration (SBA) guidelines, which vary depending on the contract specifics. Typically, agencies consult revenue or employee size thresholds to determine small business eligibility. Check the current SBA size standards for precise information applicable to your circumstance.

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Comprehensive Breakdown of NAICS Code 926110: Code Details Table

Code Detail	Description
Arts and cultural program administration, government	Managing government-funded arts and cultural development programs.
Consumer protection offices	Enforcing policies to safeguard consumer rights and interests.
Councils of Economic Advisers	Providing economic advice to government leadership.
Cultural and arts development support program administration	Supporting cultural programs via government funding and oversight.
Development assistance program administration	Administering programs to assist economic growth in communities.
Economic development agencies, government	Planning and managing broad economic growth initiatives.
Energy development and conservation agencies, nonoperating	Overseeing energy policies without direct energy production.
Energy program administration	Managing energy-related government programs and initiatives.
Enterprise development program administration	Supporting entrepreneurship and enterprise growth programs.
General economics statistical agencies	Collecting and analyzing economic data.
Industrial development program administration	Overseeing programs aimed at industrial growth.
Labor statistics agencies	Providing labor market data and analysis.
Small business development agencies	Supporting the growth of small businesses.
Tourism development offices, government	Managing tourism promotion and development.
Trade commissions, government	Facilitating trade policy and promotion.
Trade development program administration	Managing programs focused on enhancing trade relations.
Workforce Development Boards, nonoperating	Planning and strategizing workforce development efforts.

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Frequently Asked Questions (FAQ)

What types of organizations fall under NAICS 926110?

Government agencies involved in economic planning, development, stabilization, consumer protection, and statistical analysis typically fall under this code. Examples include economic development agencies, trade commissions, and workforce boards.

Is NAICS 926110 limited to federal agencies only?

No. This code includes federal, state, and local government establishments involved in general economic program administration.

How can businesses benefit from knowing this NAICS code?

Understanding NAICS 926110 can help businesses identify relevant government contracts, participate in economic development programs, and understand regulatory environments impacting general economic oversight.

What differentiates NAICS 926110 from other economic program codes?

NAICS 926110 targets administration of general economic programs rather than sector-specific initiatives, providing a broad scope of economic oversight.

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Conclusion

NAICS code 926110 represents an essential sector within public administration focused on nurturing the overarching economic environment through strategic planning, program management, and oversight. For businesses and government contractors, understanding this code unlocks opportunities in economic development, stabilization initiatives, and related activities critical to the nation’s economic wellbeing.

By aligning your services or business offerings with NAICS 926110 parameters, you position yourself strategically within the government contracting space and public economic administration sector.

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Optimize your government contracting strategy today by diving deep into NAICS 926110 and aligning your capabilities with this critical field in public administration!