; and (II) shall deem such petitions to include records previously filed with the Secretary pursuant to subparagraph (I) if the alien petitioner certifies that such records are incorporated by reference into the alien’s petition. (iii) Establishment of a regional center The manager of a prospective regional center shall file a proposal, as provided in clause (i), with the Secretary of Homeland Security requesting that the Secretary designate the regional center for purposes of this subparagraph. A regional center shall operate within a defined and limited geographic area, which shall be described in the proposal and shall be consistent with the purpose of concentrating pooled investment within such area. The proposal shall demonstrate that the pooled investment will have a significant economic impact on such area, and shall include— (I) reasonable predictions, supported by economically and statistically valid forecasting tools, concerning— (aa) the amount of investment that will be pooled; (bb) the kinds of new commercial enterprises that will receive such investments; (cc) details of the jobs that will be created directly or indirectly as a result of such investments; and (dd) other positive economic effects such investments will have; and (II) a description of the policies and procedures in place reasonably designed to monitor new commercial enterprises and any affiliated job-creating entity to ensure compliance with— (aa) all applicable laws, regulations, and Executive orders of the United States, including immigration laws and securities laws