---
kind: "section"
citation: "47 C.F.R. § 24.321"
title: "47"
number: "24.321"
heading: "Designated entities."
url: "https://uscodex.org/cfr/47/24.321"
---

# §24.321. Designated entities.

- (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.
  - (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.
- (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)](/cfr/47/1.2110.md?p=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)](/cfr/47/1.2110.md?p=f-2-ii) of this chapter.
- (c) [Reserved]

## Notes

### Amendments

[67 FR 45367, July 9, 2002, as amended at 68 FR 42998, July 21, 2003; 90 FR 57705, Dec. 12, 2025]

### Source

Source: 59 FR 26747, May 24, 1994, unless otherwise noted.

### Authority

Authority: 47 U.S.C. 154, 301, 302a, 303, 309 and 332.

### Source

Source: 58 FR 59183, Nov. 8, 1993, unless otherwise noted. Redesignated at 59 FR 18499, Apr. 19, 1994.

### Amendments

[67 FR 45367, July 9, 2002, as amended at 68 FR 42998, July 21, 2003; 90 FR 57705, Dec. 12, 2025]