Business establishments are classified for the purpose of collecting, analyzing, and publishing statistical data related to the U.S. business. NAICS was adopted in 1997 to replace the Standard Industrial Classification (SIC) system. NAICS allows for a high level of comparability in business statistics among the North American countries. In Mexico, comparable statistics are formulated by Mexico's Instituto Nacional de Estadistica y Geografia. Research about Canadian Business Statistics are can be found here:
North American Industry Classification System (NAICS) by Louisiana Forestry adds $3.9 Billion to the states economy. Louisiana's forests cover 50% of the land area - 14.9 million acres. 81% are private, non-industrial land owners. (Louisiana Department of Agriculture and Forestry - 2018). Our assignment is to nderstand the forestry market sector and the forest industries that contribute to this sector:
Searching category 11, AGRICULTURE, FORESTRY, FISHING AND HUNTING, Tree, we look first under "Nursery & Trees" and are guided to "Timber Tract Production" (113110 Super category 11, subcategory 3110)
Next, click on subcategory "cutting timber" or logging (Category 113110) You will subcategories such as chipping, splitting, etc.
Sugar cane is the leading farm product in Louisiana. The industry is comprised of establishments primarily involved in growing sugar cane. Category 111930
Treating substance abuse, especially opiate abuse, is a large market in the United States. In the Addiction Studies Program as well as the Business program, students often research the market for addiction intervention.
We begin our research in NAICS, category 6411420. This leads us to categories 622210 - Psychiatric and Substance Abuse Hospitals and 623220 - Residental Medical Health and Substance Abuse Hospitals. A complete report analyzes all three categories.
