Are New SIC Codes Being Added?
SIC Codes are still actively being used and are continuously being updated to reflect the current changes in industries. For example, the marijuana and solar industries were added to the SIC Code classification system in 2019.
SIC Codes Are Continuously Being Updated
There is often a misconception with SIC Codes in that the system is not being updated or that is has become outdated. The US government stopped focusing on updating the system in the 1990s, but it allowed the private sector to step in and improve and expand the classification of businesses. For example, the government SIC Code system only contained 1,005 unique industries. Now, there are well over 10,000 industries constantly being updated and verified.
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