According the Small Business Administration, the North American Industry Classification System (NAICS) classifies business establishments for the purpose of collecting, analyzing, and publishing statistical data related to the U.S. economy. These codes define establishments based on the activities in which they are primarily engaged. These codes are also used for administrative tasks, contracting, and tax purposes. The SBA uses these codes as a basis for all of its size standards. When the Federal government intends to acquire goods or services from a government contractor, it identifies the codes that describe the principal purpose of that procurement.
Please watch the video below to learn some of the best ways to perform some market research and find NAICS codes that fit your business!