NAICS Code 9261 - Administration of Economic Program

NAICS 9261 - Administration of Economic Program

NAICS 92 - Public Administration
NAICS 11 - Sector 11--Agriculture, Forestry, Fishing and Hunting NAICS 21 - Sector 21--Mining NAICS 22 - Sector 22--Utilities NAICS 23 - Sector 23--Construction NAICS 31 - Sector 31-33--Manufacturing NAICS 42 - Sector 42--Wholesale Trade NAICS 44 - Sector 44-45--Retail Trade NAICS 48 - Sector 48-49--Transportation and Warehousing NAICS 51 - Sector 51--Information NAICS 52 - Sector 52--Finance and Insurance NAICS 53 - Sector 53--Real Estate and Rental and Leasing NAICS 54 - Sector 54--Professional, Scientific, and Technical Services NAICS 55 - Sector 55--Management of Companies and Enterprises NAICS 56 - Sector 56--Administrative and Support and Waste Management and Remediation Services NAICS 61 - Sector 61--Educational Services NAICS 62 - Sector 62--Health Care and Social Assistance NAICS 71 - Sector 71--Arts, Entertainment, and Recreation NAICS 72 - Sector 72--Accommodation and Food Services NAICS 81 - Sector 81--Other Services (except Public Administration) NAICS 92 - Sector 92--Public Administration
- NAICS 926 - Administration of Economic Programs
  NAICS 921 - Executive, Legislative, and Other General Government Support NAICS 922 - Justice, Public Order, and Safety Activities NAICS 923 - Administration of Human Resource Programs NAICS 924 - Administration of Environmental Quality Programs NAICS 925 - Administration of Housing Programs, Urban Planning, and Community Development NAICS 926 - Administration of Economic Programs NAICS 927 - Space Research and Technology NAICS 928 - National Security and International Affairs
  - NAICS 9261 - Administration of Economic Program
    NAICS 9261 - Administration of Economic Program

This industry comprises government establishments primarily engaged in the administration, promotion and development of economic resources, including business, industry, and tourism. Included in this industry are government establishments responsible for the development of general statistical data and analyses and promotion of the general economic well-being of the governed area.

Industry trends:

In recent trends, the Administration of Economic Programs (NAICS 9261) has been increasingly influenced by advancements in digital technology and data analytics. Governments and administrative bodies are leveraging big data and artificial intelligence to improve policy-making processes, optimize resource allocations, and enhance transparency in economic program administration. This trend is driven by the need for more efficient and effective management practices in response to growing public scrutiny and demand for accountability.

Another emerging trend is the emphasis on sustainability and green economic programs. Governments are incorporating environmental considerations into their economic policies, focusing on developing renewable energy projects, implementing energy-efficient regulations, and incentivizing green businesses. This shift is anticipated to accelerate as climate change concerns become more urgent and global agreements, such as the Paris Agreement, drive national commitments towards sustainable development.

Public-private partnerships are also gaining traction in the administration of economic programs. By collaborating with private sector entities, governments aim to leverage their expertise, agility, and resources to boost economic growth and innovation. These partnerships are particularly relevant in sectors like infrastructure, healthcare, and technology.

Looking ahead, the near future is likely to see an expansion of digital platforms for public service delivery, as well as increased investments in cybersecurity to protect sensitive economic data. Additionally, expect continued focus on inclusive economic programs that address disparities and promote equitable growth, particularly in underserved communities. The ongoing adoption of remote work policies and virtual collaboration tools will also shape the administration processes, ensuring adaptability and resilience in dynamic economic environments.