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

• Economic modeling software
• Statistical analysis software
• Geographic information systems (GIS)
• Data visualization tools
• Project management software
• Financial analysis software
• Business intelligence software
• Customer relationship management (CRM) software
• Social media management tools
• Email marketing software

Common products and services typical of NAICS Code 926110-05, illustrating the main business activities and contributions to the market.

• Small business development programs
• Workforce development programs
• Economic development grants
• Tax incentive programs
• Export assistance programs
• Industry cluster development programs
• Innovation and entrepreneurship programs
• Rural development programs
• Community development programs
• Infrastructure development programs

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

• Economic Development Finance Professional (EDFP): This certification is provided by the National Development Council (NDC) and is designed for professionals who work in the field of economic development finance. The certification covers topics such as real estate finance, business credit analysis, and loan packaging. The EDFP certification is recognized by the International Economic Development Council (IEDC).
• Certified Economic Developer (Cecd): This certification is provided by the International Economic Development Council (IEDC) and is designed for professionals who work in the field of economic development. The certification covers topics such as business retention and expansion, marketing and attraction, and strategic planning. The CEcD certification is recognized as the standard of excellence in the economic development profession.
• Certified Grants Management Specialist (CGMS): This certification is provided by the National Grants Management Association (NGMA) and is designed for professionals who work in the field of grants management. The certification covers topics such as grant compliance, financial management, and risk management. The CGMS certification is recognized as the standard of excellence in the grants management profession.
• Certified Public Finance Officer (CPFO): This certification is provided by the Government Finance Officers Association (GFOA) and is designed for professionals who work in the field of public finance. The certification covers topics such as budgeting, financial reporting, and debt management. The CPFO certification is recognized as the standard of excellence in the public finance profession.
• Certified Government Financial Manager (CGFM): This certification is provided by the Association of Government Accountants (AGA) and is designed for professionals who work in the field of government financial management. The certification covers topics such as financial reporting, budgeting, and internal controls. The CGFM certification is recognized as the standard of excellence in the government financial management profession.

A concise historical narrative of NAICS Code 926110-05 covering global milestones and recent developments within the United States.

• The State Government-Economic Program Adm industry has a long history worldwide, with the earliest known economic programs dating back to ancient civilizations such as the Roman Empire. In the United States, the industry began to take shape in the early 20th century with the establishment of the Federal Reserve System in 1913, which aimed to stabilize the economy and prevent financial crises. In the 1930s, the New Deal programs implemented by President Franklin D. Roosevelt's administration provided economic relief and recovery from the Great Depression. In the following decades, state governments began to establish their own economic programs to promote growth and development, such as tax incentives for businesses and workforce training initiatives. In recent history, the State Government-Economic Program Adm industry in the United States has continued to evolve and adapt to changing economic conditions. In the 2000s, the industry faced challenges such as the Great Recession and the outsourcing of jobs to other countries. In response, state governments implemented new programs to support small businesses, attract new industries, and provide job training and education. The industry has also seen advancements in technology, with the use of data analytics and digital platforms to improve program effectiveness and efficiency. Overall, the State Government-Economic Program Adm industry has played a crucial role in promoting economic growth and stability in the United States.

The anticipated future trajectory of the NAICS 926110-05 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

• Growth Prediction: Stable

  The State Government-Economic Program Adm industry in the USA is expected to continue growing in the coming years. With the increasing demand for economic development and job creation, state governments are investing more in economic programs and initiatives. The industry is also expected to benefit from the growing trend of public-private partnerships, which can help to leverage private sector resources and expertise to support economic development. Additionally, the industry is likely to see increased demand for services related to workforce development, as businesses seek to fill skills gaps and workers seek to upgrade their skills. Overall, the future outlook for the State Government-Economic Program Adm industry in the USA is positive, with continued growth and expansion expected in the coming years.

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

• Launch Of the New York State Innovation Venture Capital Fund: This initiative provides funding to early-stage companies in New York State, with a focus on supporting innovation and job creation in key industries such as clean energy, life sciences, and advanced manufacturing.
• Creation Of the California Governor's Office Of Business and Economic Development: This office serves as a one-stop shop for businesses seeking to invest in California, providing a range of services and resources to support economic development and job creation.
• Implementation Of the Texas Enterprise Fund: This program provides financial incentives to businesses that are considering relocating or expanding in Texas, with the goal of creating jobs and stimulating economic growth.
• Launch Of the Florida Job Growth Grant Fund: This initiative provides funding to support infrastructure and workforce development projects that are expected to create new jobs and stimulate economic growth in Florida.
• Establishment Of the Virginia Economic Development Partnership: This organization works to attract new businesses to Virginia and support the growth of existing businesses, with a focus on key industries such as aerospace, cybersecurity, and advanced manufacturing.