Nope there are allowances for business usage in analog, or digital. The restriction is that PS MUST use digital modulation *preferrably APCO-P-25 compliant*
Somewhere.. I think it was the California board there is discussion of a SMR on 700..... Too lazy to look it up now.
But 700 is for trunking only as far as I know. No conventional yet.
Note the yet, as with any bandwidth, what the FCC does in the future is always subject to changes.