Administration of General Economic Programs
Official definition
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.
Source: US Census Bureau, 2017 NAICS Definitions. Public domain.
Illustrative examples
- Consumer protection offices, public administration
- Small business development agencies, public administration
- Economic development agencies, government
- Trade commissions, government
- General economics statistical agencies, public administration
Which code does this activity belong in?
The code covers government establishments that administer and promote economic resources broadly, including business development and tourism, as well as those producing general economic statistics and analyses. This differs from specialized regulatory agencies that oversee particular sectors; Regulation of Agricultural Marketing and Commodities classifies government bodies regulating specific commodity sectors, while Regulation, Licensing, and Inspection of Miscellaneous Commercial Sectors covers licensing and inspection of particular commercial activities. General economic promotion and development activities belong in this code rather than in sector-specific regulatory programs.