{"data":{"id":"us/47-cfr-24.321","jurisdiction":"us","citation":"47 CFR 24.321","heading":"Designated entities.","body":"(a) Eligibility for small business provisions. (1) A small business is an entity that, together with its controlling interests and affiliates, has average gross revenues not exceeding $ 40 million for the preceding three years.\n(2) A very small business is an entity that, together with its controlling interests and affiliates, has average gross revenues not exceeding $ 15 million for the preceding three years.\n(b) Bidding credits. After August 7, 2000, a winning bidder that qualifies as a small business, as defined in this section, or a consortium of small businesses may use the bidding credit specified in § 1.2110(f)(2)(iii) of this chapter. A winning bidder that qualifies as a very small business, as defined in this section, or a consortium of very small businesses may use the bidding credit specified in § 1.2110(f)(2)(ii) of this chapter.\n(c) [Reserved]","path":["Title 47—Telecommunication","CHAPTER I—FEDERAL COMMUNICATIONS COMMISSION","SUBCHAPTER B—COMMON CARRIER SERVICES","PART 24—PERSONAL COMMUNICATIONS SERVICES","Subpart F—Competitive Bidding Procedures for Narrowband PCS"],"source_url":"https://www.ecfr.gov/api/versioner/v1/full/2026-08-25/title-47.xml","current_through":"2026-08-25","vintage":"","retrieved_at":"2026-08-27T02:26:28Z","sha256":"7ac7e80d86da8057adbfe3abc0ca1ed065738f0cf64667f881efe079847e4bf2","source_id":"us-cfr","stale":true,"prev":"us/47-cfr-24.320","next":"us/47-cfr-24.403"},"notice":"GroundRules: Original legal text. Not legal advice."}