Designated Entities. (a) Eligibility for small business provi- sions. (1) An entrepreneur is an entity that, together with its controlling in- terests and affiliates, has average gross revenues not exceeding $3 million for the preceding three years. This defini- tion applies only with respect to li- censes in Block C (710–716 MHz and 740– 746 MHz) as specified in § 27.5(c)(1). (2) A very small business is an entity that, together with its controlling in- terests and affiliates, has average gross revenues not exceeding $15 million for the preceding three years. (3) A small business is an entity that, together with its controlling interests and affiliates, has average gross reve- nues not exceeding $40 million for the preceding three years.
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