NAICS Code 926110-03 - Federal Government-Economic Program Adm

Marketing Level - NAICS 8-Digit

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NAICS Code 926110-03 Description (8-Digit)

Federal Government-Economic Program Adm is an industry that involves the administration of economic programs by the federal government. This industry is responsible for the implementation and management of various economic policies and programs that are designed to promote economic growth and development. The Federal Government-Economic Program Adm industry is an essential part of the government's efforts to ensure the stability and growth of the economy.

Hierarchy Navigation for NAICS Code 926110-03

Tools

Tools commonly used in the Federal Government-Economic Program Adm industry for day-to-day tasks and operations.

  • Economic modeling software
  • Statistical analysis software
  • Data visualization tools
  • Budgeting software
  • Project management software
  • Economic forecasting tools
  • Policy analysis tools
  • Risk management software
  • Geographic information systems (GIS)
  • Survey software

Industry Examples of Federal Government-Economic Program Adm

Common products and services typical of NAICS Code 926110-03, illustrating the main business activities and contributions to the market.

  • Economic development programs
  • Small business loan programs
  • Job training programs
  • Agricultural subsidy programs
  • Energy efficiency programs
  • Export promotion programs
  • Disaster relief programs
  • Housing assistance programs
  • Infrastructure development programs
  • Tax incentive programs

Certifications, Compliance and Licenses for NAICS Code 926110-03 - Federal Government-Economic Program Adm

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

  • Federal Acquisition Certification for Program and Project Managers (FAC-P/PM): This certification is required for program and project managers working in the federal government. It ensures that they have the necessary skills and knowledge to manage federal programs and projects effectively. The certification is provided by the Federal Acquisition Institute (FAI).
  • Certified Government Financial Manager (CGFM): This certification is designed for financial managers working in the federal government. It covers topics such as financial reporting, budgeting, and auditing. The certification is provided by the Association of Government Accountants (AGA).
  • Certified Federal Contracts Manager (CFCM): This certification is required for contracts managers working in the federal government. It covers topics such as contract formation, administration, and closeout. The certification is provided by the National Contract Management Association (NCMA).
  • Certified Information Systems Security Professional (CISSP): This certification is required for information security professionals working in the federal government. It covers topics such as access control, cryptography, and security architecture. The certification is provided by the International Information System Security Certification Consortium (ISC)².
  • Certified Government Meeting Professional (CGMP): This certification is designed for meeting professionals working in the federal government. It covers topics such as meeting planning, budgeting, and logistics. The certification is provided by the Society of Government Meeting Professionals (SGMP).

History

A concise historical narrative of NAICS Code 926110-03 covering global milestones and recent developments within the United States.

  • The Federal Government-Economic Program Adm industry has a long history worldwide, with notable advancements and milestones. In the United States, the industry has been in existence since the establishment of the Department of Commerce in 1903. The department was created to promote economic growth and development in the country. In 1932, the Reconstruction Finance Corporation was established to provide financial assistance to businesses during the Great Depression. In 1961, the Foreign Assistance Act was passed, which created the United States Agency for International Development (USAID) to provide economic assistance to developing countries. In recent years, the industry has seen advancements in technology, with the use of data analytics and artificial intelligence to improve economic forecasting and decision-making. In recent history, the Federal Government-Economic Program Adm industry in the United States has been shaped by various economic policies and initiatives. In 2009, the American Recovery and Reinvestment Act was passed to stimulate economic growth and create jobs in the aftermath of the Great Recession. The act provided funding for various economic programs, including infrastructure development, renewable energy, and education. In 2010, the Dodd-Frank Wall Street Reform and Consumer Protection Act was passed to regulate the financial industry and prevent another financial crisis. The act created the Consumer Financial Protection Bureau to protect consumers from abusive financial practices. In 2017, the Tax Cuts and Jobs Act was passed to reduce taxes for businesses and individuals and stimulate economic growth. These policies and initiatives have had a significant impact on the Federal Government-Economic Program Adm industry in the United States.

Future Outlook for Federal Government-Economic Program Adm

The anticipated future trajectory of the NAICS 926110-03 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

  • Growth Prediction: Stable

    The Federal Government-Economic Program Adm industry is expected to experience growth in the coming years due to the increasing demand for economic programs and policies. The industry is expected to benefit from the government's focus on economic growth and job creation. The industry is also expected to benefit from the increasing demand for economic programs that support small businesses and entrepreneurs. However, the industry may face challenges due to budget constraints and political uncertainty. Overall, the industry is expected to experience moderate growth in the coming years.

Industry Innovations for NAICS Code 926110-03

Recent groundbreaking advancements and milestones in the Federal Government-Economic Program Adm industry, reflecting notable innovations that have reshaped its landscape.

  • The Federal Government-Economic Program Adm industry has recently implemented the Paycheck Protection Program (PPP) to support small businesses during the COVID-19 pandemic.
  • The industry has also implemented the Economic Injury Disaster Loan (EIDL) program to provide financial assistance to small businesses affected by natural disasters.
  • The industry has launched the Small Business Innovation Research (SBIR) program to support small businesses in developing innovative technologies.
  • The industry has implemented the New Markets Tax Credit (NMTC) program to encourage private investment in low-income communities.
  • The industry has launched the Opportunity Zones program to encourage investment in economically distressed communities.

NAICS Code 926110-03 - Federal Government-Economic Program Adm

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