Under the new rule, 365 NAICS codes are eligible for WOSB set-asides – 82% of the total – making many more businesses in far more industries potential beneficiaries of WOSB set-asides.
An industry consists of a group of establishments primarily engaged in producing or handling the same product or group of products or in rendering the same services. Over the years, there were numerous revisions to the SIC system, reflecting the economy's changing industrial composition. Developments in information services, new forms of health care provision, expansion of services, and high-tech manufacturing are examples of industrial changes that could not be studied under the SIC system.
NAICS uses a production-oriented conceptual framework to group establishments into industries based on the activity in which they are primarily engaged.
Overall, the industries in which WOBs are less likely to win contracts account for about 85 percent of contracts and of dollars obligated in Fiscal Years 2013-2014 (which is the period in which the data originated).
As a result, SBA has changed its rules with both a substantial increase (from 330 to 445) in the number of eligible NAICS codes, and a pronounced shift from assignments which heavily favored the EDWOSBs over the WOSBs to the reverse.
This six-digit hierarchical structure allows greater coding flexibility than the four-digit structure of the SIC.
The Standard Industrial Classification ("SIC Codes") and North American Industry Classification System ("NAICS Codes") are universal numbering methods that help identify the industry affiliation of a company.
NAICS uses a six-digit hierarchical coding system to classify all economic activity into twenty industry sectors.
Five sectors are mainly goods-producing sectors and fifteen are entirely services-providing sectors.
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.