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NAICS Code 531120-09 Description (8-Digit)

World Trade Centers are commercial buildings that serve as international business hubs for companies engaged in global trade. These centers provide a range of services and facilities to support international trade, including office space, meeting rooms, exhibition halls, and trade information centers. World Trade Centers are typically located in major cities and are designed to facilitate the exchange of goods, services, and ideas between businesses from different countries.

Hierarchy Navigation for NAICS Code 531120-09

Tools

Tools commonly used in the World Trade Centers industry for day-to-day tasks and operations.

  • Trade information databases
  • International shipping software
  • Multilingual communication tools
  • Video conferencing equipment
  • Currency exchange calculators
  • Global market research tools
  • International trade compliance software
  • Customs brokerage services
  • Freight forwarding services
  • International trade finance software

Industry Examples of World Trade Centers

Common products and services typical of NAICS Code 531120-09, illustrating the main business activities and contributions to the market.

  • Import/export companies
  • International logistics firms
  • Trade associations
  • Customs brokers
  • Freight forwarders
  • International banks
  • International law firms
  • International trade consultants
  • International marketing firms
  • International trade publications

Certifications, Compliance and Licenses for NAICS Code 531120-09 - World Trade Centers

The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.

  • Leadership In Energy and Environmental Design (LEED) Certification: LEED certification is a globally recognized symbol of sustainability achievement and leadership. It is awarded by the US Green Building Council (USGBC) to buildings that meet certain environmental and sustainability standards.
  • International Organization for Standardization (ISO) 14001 Certification: ISO 14001 is an internationally recognized standard for environmental management systems. It provides a framework for organizations to manage their environmental impact and improve their environmental performance.
  • Occupational Safety and Health Administration (OSHA) Compliance: OSHA is a US federal agency that sets and enforces safety and health standards in the workplace. Compliance with OSHA regulations is mandatory for all employers in the US.
  • National Fire Protection Association (NFPA) Compliance: The NFPA is a US-based organization that develops and publishes fire safety codes and standards. Compliance with NFPA standards is important for ensuring the safety of occupants in commercial buildings.
  • Americans with Disabilities Act (ADA) Compliance: The ADA is a US federal law that prohibits discrimination against individuals with disabilities. Compliance with ADA regulations is mandatory for all employers in the US.
  • International Building Code (IBC) Compliance: The IBC is a model building code developed by the International Code Council (ICC). Compliance with the IBC is important for ensuring the safety and structural integrity of commercial buildings.
  • National Electrical Code (NEC) Compliance: The NEC is a US-based standard for electrical installations. Compliance with the NEC is important for ensuring the safety of occupants in commercial buildings.
  • International Fire Code (IFC) Compliance: The IFC is a model fire code developed by the ICC. Compliance with the IFC is important for ensuring the safety of occupants in commercial buildings.
  • International Association Of Conference Centers (IACC) Certification: The IACC is a global organization that represents conference centers and promotes best practices in the industry. IACC certification is awarded to conference centers that meet certain standards for quality and service.
  • Building Owners and Managers Association (BOMA) Certification: BOMA is a US-based organization that represents building owners and managers. BOMA certification is awarded to buildings that meet certain standards for energy efficiency, sustainability, and overall building performance.
  • International Facility Management Association (IFMA) Certification: IFMA is a global organization that represents facility managers and promotes best practices in the industry. IFMA certification is awarded to facility managers who meet certain standards for knowledge and expertise in the field.
  • Certified Commercial Investment Member (CCIM) Certification: CCIM is a US-based organization that represents commercial real estate professionals. CCIM certification is awarded to individuals who meet certain standards for knowledge and expertise in the field.
  • Society Of Industrial and Office Realtors (SIOR) Certification: SIOR is a US-based organization that represents commercial real estate professionals. SIOR certification is awarded to individuals who meet certain standards for knowledge and expertise in the field.
  • Certified Property Manager (CPM) Certification: The CPM is a US-based certification awarded by the Institute of Real Estate Management (IREM) to property managers who meet certain standards for knowledge and expertise in the field.
  • Real Property Administrator (RPA) Certification: The RPA is a US-based certification awarded by BOMI International to property managers who meet certain standards for knowledge and expertise in the field.
  • Facilities Management Professional (FMP) Certification: The FMP is a US-based certification awarded by IFMA to facility managers who meet certain standards for knowledge and expertise in the field.
  • Certified Facility Manager (CFM) Certification: The CFM is a global certification awarded by IFMA to facility managers who meet certain standards for knowledge and expertise in the field.
  • Certified Energy Manager (CEM) Certification: The CEM is a US-based certification awarded by the Association of Energy Engineers (AEE) to individuals who meet certain standards for knowledge and expertise in energy management.
  • Leadership In Energy and Environmental Design (LEED) Accreditation: LEED accreditation is awarded by the USGBC to individuals who demonstrate knowledge and expertise in sustainable building practices.

History

A concise historical narrative of NAICS Code 531120-09 covering global milestones and recent developments within the United States.

  • The World Trade Centers industry has a long and storied history, with the first World Trade Center being built in New York City in 1973. The World Trade Center was a symbol of American economic power and was home to many businesses and government agencies. However, on September 11, 2001, the World Trade Center was destroyed in a terrorist attack, killing thousands of people and changing the course of history. Since then, the World Trade Centers Association has worked to rebuild and expand the industry, with new World Trade Centers being built in cities around the world. In recent years, the industry has focused on promoting international trade and investment, with World Trade Centers serving as hubs for business and commerce. In the United States, the World Trade Centers industry has faced many challenges in recent years, including the COVID-19 pandemic and the changing global economy. However, the industry has remained resilient, with many World Trade Centers adapting to new technologies and business models. For example, the World Trade Center in New York City has become a hub for technology startups, while the World Trade Center in Los Angeles has focused on promoting international trade and investment. Overall, the World Trade Centers industry in the United States has a bright future, with many opportunities for growth and innovation.

Future Outlook for World Trade Centers

The anticipated future trajectory of the NAICS 531120-09 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

  • Growth Prediction: Stable

    The World Trade Centers industry in the USA is expected to experience steady growth in the coming years. The industry is expected to benefit from the increasing globalization of the economy, which will drive demand for international trade and commerce. Additionally, the industry is expected to benefit from the growing trend of urbanization, which will drive demand for commercial real estate in major cities. However, the industry may face challenges from the increasing popularity of remote work, which could reduce demand for office space. Overall, the industry is expected to experience moderate growth in the coming years.

Industry Innovations for NAICS Code 531120-09

Recent groundbreaking advancements and milestones in the World Trade Centers industry, reflecting notable innovations that have reshaped its landscape.

  • One World Trade Center: The construction of One World Trade Center in New York City was a major milestone for the World Trade Centers industry. The building is the tallest in the Western Hemisphere and serves as a symbol of resilience and strength following the September 11th attacks.
  • World Trade Center Transportation Hub: The World Trade Center Transportation Hub in New York City is a state-of-the-art transit center that serves as a major transportation hub for the region. The hub features a striking design and provides easy access to multiple modes of transportation.
  • World Trade Center Health Program: The World Trade Center Health Program provides medical monitoring and treatment for individuals who were exposed to toxins during the September 11th attacks. The program is a major milestone in the industry's efforts to support the health and well-being of those affected by the attacks.
  • World Trade Center Association: The World Trade Center Association is a global network of World Trade Centers that promotes international trade and commerce. The association provides a range of services to its members, including business matchmaking, trade missions, and market research.
  • World Trade Center Savannah: World Trade Center Savannah is a business and trade services organization that provides support to companies engaged in international trade. The organization offers a range of services, including market research, trade missions, and business matchmaking.

NAICS Code 531120-09 - World Trade Centers

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