NAICS is planned become evaluated every 5 years for possible revisions, so your category system could well keep rate aided by the changing economy. Begin to see the NAICS modify Process Fact Sheet [PDF, 146KB] to find out more.

Along the way of collecting, tabulating, analyzing, and disseminating analytical information, the U.S. Census Bureau assigns and keeps only 1 NAICS rule for every single establishment according to its main task (generally speaking the activity that produces the revenue that is most for the establishment). Since other agencies and businesses have actually used NAICS for use in programs that aren’t analytical ( ag e.g., regulatory tasks and procurement), it’s possible which they provide for multiple NAICS rule per establishment. By way of example, the machine for Award Management (SAM), where organizations subscribe in order to become federal contractors, encourage classification that is multiple per establishment. You shall need certainly to contact these other agencies to discover just just exactly what their policies are, and just just what NAICS codes are suitable for your organization in accordance with their programs. For usage of a listing of authorities agencies, see.

NAICS originated to be used into the collection, tabulation, analysis, and dissemination of analytical information that demonstrate the financial status of this united states of america. The NAICS groups and definitions are not developed to generally meet the requirements of procurement or regulatory applications. Nevertheless, other Federal agencies, trade associations, and legislation panels have actually used NAICS to utilize for procurement and regulatory purposes although it isn’t well matched to satisfy their certain requirements. Continue reading United States Business Classification System. NAICS Re Re Re Search →