NAICS 926110 Quarterly Industry Report
Administration of General Economic Programs
Comprehensive industry research for valuation professionals, business owners, buyers, and lenders
NAICS Code: 926110Sector: Public Administration (92)Updated: Q1 2026
About This Report
This industry profile for Administration of General Economic Programs (NAICS 926110) uses data from the Economic Development Administration[1], Census Bureau[2], and the SBA[4]. Fair Market Value analysts examine economic development incentive data, program budgets, and workforce trends specific to NAICS 926110. Additional data is drawn from Bureau of Labor Statistics[5].. Quarterly updates reflect changes in business incentive programs, federal grant availability, and state economic development strategies.
Industry Definition & Overview
Administration of General Economic Programs (NAICS 926110) encompasses government establishments primarily engaged in the planning, administration, and coordination of general economic development programs. This classification covers federal economic development agencies, state commerce departments, local economic development authorities, and regional development organizations that promote business attraction, job creation, and commercial growth. Tax incentive administration, business grant programs, and trade promotion activities fall within this code.
The Economic Development Administration[1] within the U.S. Department of Commerce awards grants to economically distressed communities, funding infrastructure, technical assistance, and revolving loan programs. State commerce departments manage a wide array of business incentive programs including tax credits, workforce training grants, and site selection assistance. Local economic development agencies negotiate directly with businesses on relocation and expansion projects, offering property tax abatements, infrastructure improvements, and streamlined permitting.
Economic development employment includes business recruiters, grant administrators, policy analysts, and international trade specialists. The Census Bureau's ASPEP survey[2] captures economic development within government workforce data, while the Bureau of Labor Statistics[3] tracks related occupations. State economic development budgets typically range from tens of millions to several hundred million dollars annually, funding programs that compete for business investment across state lines. Foreign trade zones, export assistance programs, and small business incubator support round out the range of activities administered by these agencies.
What's Included in This Industry
- Economic Development Administration program offices
- State departments of commerce and economic development
- Local economic development authorities and corporations
- Regional development organizations and planning districts
- Business incentive and tax credit administration offices
- Foreign trade zone administration offices
- Export promotion and international trade offices
- Small business development program offices
- Enterprise zone and opportunity zone administration
- Workforce investment program coordination offices
NAICS Classification Hierarchy
| Level | Description | Code |
|---|---|---|
| Sector | Public Administration | 92 |
| Subsector | Administration of Economic Programs | 926 |
| Industry Group | Administration of Economic Programs | 9261 |
| NAICS Industry | Administration of General Economic Programs | 92611 |
| National Industry | Administration of General Economic Programs | 926110 |
Related NAICS Codes
| Code | Description | Relationship |
|---|---|---|
| 926120 | Regulation and Administration of Transportation Programs | Transportation program offices that coordinate with economic development agencies on infrastructure investments supporting business attraction and commercial growth |
| 925120 | Administration of Urban Planning and Community and Rural Development | Urban planning offices that align community development goals with economic development incentives for commercial district revitalization and job creation |
| 926150 | Regulation, Licensing, and Inspection of Miscellaneous Commercial Sectors | Commercial sector regulation offices that enforce business licensing requirements intersecting with economic development permitting and compliance functions |
| 925110 | Administration of Housing Programs | Housing program offices that coordinate with economic development agencies on mixed-use development, workforce housing, and neighborhood revitalization projects |
| 921130 | Public Finance Activities | Public finance offices managing tax incentive programs, bond financing, and fiscal mechanisms that fund economic development initiatives |
| 921120 | Legislative Bodies | Legislative bodies that authorize economic development programs, approve incentive packages, and appropriate funding for business attraction efforts |
Frequently Asked Questions
Common questions about this industry.
What types of agencies are classified under NAICS 926110?
NAICS 926110 covers government agencies administering economic development programs, including the Economic Development Administration, state commerce departments, local development authorities, and regional organizations. The Census Bureau[8] focuses on program administration rather than direct business operation.
How are economic development programs structured across government levels?
Federal agencies like the Economic Development Administration distribute grants nationwide. State commerce departments manage incentive packages and business recruitment. Local authorities negotiate directly with businesses on projects. Regional organizations coordinate economic strategy across multiple jurisdictions.
Does the SBA set a size standard for NAICS 926110?
No. The SBA[9] does not assign size standards to Sector 92 codes because they cover government entities. Private economic development consultants use their own NAICS codes for SBA eligibility.
What NAICS codes are closely related to 926110?
Related codes include 926120 (Transportation Programs), 925120 (Urban Planning), 926150 (Commercial Regulation), and 925110 (Housing Programs). The Census Bureau[10] groups these under the economic programs administration subsector.
What private-sector industries commonly serve economic development agencies?
Management consultants (NAICS 541611), research firms (NAICS 541720), IT vendors (NAICS 541512), and professional services companies (NAICS 541990) are frequent contractors. Real estate developers, marketing firms, and workforce training providers also serve this market.
What activities are included under NAICS 926110?
Activities include business recruitment, incentive administration, grant distribution, export promotion, foreign trade zone management, enterprise zone coordination, and workforce development planning. The Economic Development Administration[1] funds many of these activities at the federal level.
Can businesses serving economic development agencies qualify for SBA loans?
Where are economic development offices concentrated?
Federal offices are in Washington, D.C. Every state capital houses a commerce or economic development department. Local development authorities operate in cities and counties across the country, with the most active programs in states competing intensely for business investment like Texas, Georgia, and North Carolina.
Sources & References
Government datasets and editorial sources used in this report.
- [1]Economic Development Administration eda.gov
- [2]Census Bureau's ASPEP survey census.gov
- [3]Bureau of Labor Statistics bls.gov
- [4]SBA sba.gov
- [5]Bureau of Labor Statistics bls.gov
- [6]7(a) loan program sba.gov
- [7]504 loan program sba.gov
- [8]Census Bureau census.gov
- [9]SBA sba.gov
- [10]Census Bureau census.gov
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