; and (ii) meets the requirements under paragraph (2); or (B) is a zip code that meets the requirements under paragraph (2). (2) Low economic and high poverty area (A) In general An eligible entity shall be eligible for designation as an Economic Freedom Zone under paragraph (1) if the eligible entity is designated by the Secretary as a low economic or high poverty area under subparagraph (B). (B) Designation as low economic and high poverty area The Secretary, after reviewing supporting data as determined appropriate, shall designate an eligible entity as a low economic or high poverty area if— (i) the State or local government with jurisdiction over the eligible entity certifies that— (I) the eligible entity is one of pervasive poverty, unemployment, and general distress; (II) the average rate of unemployment within such eligible entity during the most recent 3-month period for which data is available is at least 1.5 times the national unemployment rate for the period involved; (III) during the most recent 3-month period, at least 30 percent of the residents of the eligible entity have incomes below the national poverty level; or (IV) at least 70 percent of the residents of the eligible entity have incomes below 80 percent of the median income of households within the jurisdiction of the local government (as determined in the same manner as under section 119(b)(2) of the Housing and Community Development Act of 1974)