NAICS 92611 - Administration of General Economic Programs
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Related NAICS Codes for NAICS 92611
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| NAICS Code | Industry Title |
|---|---|
| 926110 | Administration of General Economic Programs |
What is NAICS 92611
NAICS code 92611 covers the administration of general economic programs, which includes federal, state, and local government activities aimed at regulating, supporting, and promoting economic development and stability. This sector comprises agencies and organizations responsible for managing programs related to economic policy implementation, trade promotion, business development, and financial assistance programs. Businesses operating in this sector often provide consulting, management, research, and administrative support services to facilitate effective program delivery and compliance.
Government agencies contract for these services to leverage specialized expertise in economic analysis, program management, and policy development, ensuring that economic initiatives meet legislative and regulatory goals. Contractors play a critical role in supporting the design, implementation, and evaluation of economic programs that foster job creation, innovation, and sustainable growth across multiple industries.
Government agencies contract for these services to leverage specialized expertise in economic analysis, program management, and policy development, ensuring that economic initiatives meet legislative and regulatory goals. Contractors play a critical role in supporting the design, implementation, and evaluation of economic programs that foster job creation, innovation, and sustainable growth across multiple industries.
Breakdown for NAICS 92611
- Encompasses management and administration of government economic development programs.
- Includes federal, state, and local government entities responsible for economic policy execution.
- Covers services such as program design, implementation, evaluation, and compliance.
- Typical contract sizes range from small grants management to large multi-year projects.
- Supports initiatives aimed at job creation, innovation, and economic stability.
- Subject to strict regulatory and reporting requirements.
Included Activities for NAICS 92611
- Administering federal and state grant programs for economic development.
- Conducting economic policy analysis and program evaluation.
- Providing consulting and strategic planning services for economic initiatives.
- Managing compliance and reporting for government-funded economic programs.
- Facilitating stakeholder engagement and public-private partnerships.
- Conducting market research and economic impact studies.
- Supporting small business development and entrepreneurship programs.
- Coordinating interagency economic development efforts.
Business Types for NAICS 92611
- Economic consulting firms
- Program management contractors
- Research and analysis organizations
- Government agencies and departments
- Small business development centers
- Public policy and strategy firms
Government Buyers for NAICS 92611
Typical government buyers in this sector include federal entities such as the U.S. Department of Commerce, Small Business Administration, Economic Development Administration, and state-level economic development offices. These agencies require contractor support to administer grants, manage economic research projects, evaluate program effectiveness, and engage with stakeholders. Additionally, procurement offices often seek specialized consulting firms to assist with policy development, market analysis, and strategic planning to optimize economic outcomes and ensure compliance with federal guidelines.
Contract Types & Procurement for NAICS 92611
Contracts in this NAICS code often include fixed-price, cost-reimbursement, and time-and-materials contracts depending on the project's scope and complexity. Procurement methods commonly used are competitive bidding, requests for proposals (RFPs), and task orders under indefinite delivery/indefinite quantity (IDIQ) contracts. Contract values can range from small-scale grants management services in the tens of thousands to multi-year program administration contracts valued in the millions, reflecting varying project sizes and government budget priorities.
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