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SIC vs. NAICS

SIC vs. NAICS. Fall 2009. Your Subject Librarian in Troy. Colette Holmes, Management Librarian E-Mail: holmec@rpi.edu Voice Mail: 518-276-8331 Office: Folsom Library, 3 rd floor North (341A) Mon - Fri, 8:30 AM – 3:00 PM Best to call ahead for an appointment. What are SICs & NAICS?.

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SIC vs. NAICS

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  1. SIC vs. NAICS Fall 2009

  2. Your Subject Librarian in Troy • Colette Holmes, Management Librarian • E-Mail: holmec@rpi.edu • Voice Mail: 518-276-8331 • Office: Folsom Library, 3rd floor North (341A) Mon - Fri, 8:30 AM – 3:00 PM • Best to call ahead for an appointment.

  3. What are SICs & NAICS? • Numeric codes describing industries • SIC (Standard Industrial Classification) code • NAICS (North American Industrial Classification System) • Used by business and government information sources • Will vary from source-to-source

  4. Classify Companies by Industry • Starbucks SIC 2095 (Roasted Coffee) NAICS 311920 (Coffee and Tea Manufacturing)

  5. Used to Describe Industries • Such as Roasted Coffee (2095/311920) • Gathers industry information together • Used is business and government resources • Offers a way to search for information about a company or industry • Not consistent across sources

  6. Why Two Code Systems? • SIC • Introduced late 1930s • Promoted uniform data collection • Last revised late 1980s • NAICS • Introduced 1990s • Addresses new industries • More expansive/ more codes

  7. NAICS Includes More Codes • No one-to-one translation. • Several “bridge” tables. • U.S. Census Bureau Table: • http://www.census.gov/epcd/www/naicstab.htm

  8. Web Pages to Bookmark • Ask Dr. NAICS • NAICS(U.S. Census Bureau) • Correspondence Tables(1997 NAICS & 1987 SIC) • SIC(U.S. Dept. of Labor)

  9. SIC vs. NAICS Fall 2009 THE END

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