NAICS 9261 - Administration of Economic Programs
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Related NAICS Codes for NAICS 9261
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What is NAICS 9261
NAICS code 9261, Administration of Economic Programs, encompasses establishments primarily engaged in administering and managing economic programs on behalf of government entities. These programs include activities such as economic development, employment services, labor market analysis, and financial assistance initiatives aimed at stimulating economic growth and stability. Businesses operating in this sector often provide specialized administrative support, program management, policy analysis, and reporting services tailored to the needs of public sector clients. Government agencies contract these services to leverage expert knowledge and operational efficiency in managing complex economic programs, ensuring compliance with statutory requirements, and achieving targeted socioeconomic outcomes. The sector is critical in facilitating the implementation of policies designed to improve employment rates, business development, and community welfare.
Breakdown for NAICS 9261
- Covers administration and management of government economic programs aimed at development and employment.
- Includes federal, state, and local government contracting opportunities for program support services.
- Typical contract sizes vary from several hundred thousand to multi-million-dollar engagements.
- Involves compliance with government regulations and reporting requirements.
- Services often require expertise in economic policy, labor markets, and program evaluation.
- Small and specialized businesses frequently engage in subcontracting roles within this sector.
Included Activities for NAICS 9261
- Managing and administering economic assistance and workforce development programs.
- Conducting economic and labor market research and analysis.
- Providing grant management and financial oversight services.
- Developing program performance metrics and compliance reporting.
- Supporting policy and program evaluation efforts for government clients.
- Delivering consulting services related to economic development strategies.
- Implementing data collection and information management systems.
- Coordinating with multiple stakeholders including government agencies and community organizations.
Business Types for NAICS 9261
- Economic consulting firms specializing in government programs.
- Management and program administration service providers.
- Research organizations focused on labor and economic analysis.
- Small businesses offering grant and compliance management.
- Technology firms providing program management software solutions.
- Nonprofit organizations contracted for economic development initiatives.
Government Buyers for NAICS 9261
Primary buyers of services under NAICS code 9261 include federal agencies such as the Department of Labor, the Economic Development Administration, and state and local government departments focused on workforce development, economic planning, and community services. These agencies require administrative support to manage grant distribution, program evaluation, data collection, and reporting functions essential for compliance and performance measurement. Additionally, government entities contract with private firms to enhance program delivery capabilities, support policy development, and conduct economic research that informs decision-making processes. The need for specialized expertise and scalable program administration drives consistent demand from these governmental buyers.
Contract Types & Procurement for NAICS 9261
Contracts within this NAICS code commonly include firm-fixed-price, cost-reimbursement, and time-and-materials agreements, depending on the nature and complexity of the economic program being administered. Procurement methods often involve competitive bidding, requests for proposals (RFPs), and indefinite delivery/indefinite quantity (IDIQ) contracts to allow flexibility in task assignments. Typical contract values range from mid-size contracts (several hundred thousand dollars) for program support to multi-million-dollar agreements for comprehensive economic development initiatives. Subcontracting opportunities are frequent, especially for specialized consulting and data analytics services supporting primary contractors.
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