; and (II) if the Administrator makes an incorporation described in subclause (I), shall make the methodology regarding that incorporation publicly available. (2) Phase II (A) In general The Office shall enter into a total of 10 cooperative agreements, under which the Office shall make awards to eligible entities to establish, for the third, fourth, and fifth fiscal years of the covered period, 1 regional high-growth collaborative in each of the 10 regions of the Administration, as in existence on the day before the date of enactment of this Act. (B) Application An eligible entity that wishes to enter into a cooperative agreement under subparagraph (A) shall submit to the Office an application— (i) in such form and manner as the Office may require; and (ii) that contains— (I) a plan describing— (aa) how the eligible entity will provide the services described in clauses (i) through (v) of paragraph (1)(B) (referred to in this subparagraph as covered services ); (bb) the means by which the eligible entity will provide covered services; (cc) the partnerships into which the eligible entity will enter in order to provide covered services; (dd) how the eligible entity will encourage participation by small business concerns that operate in rural areas; (ee) the method used by the eligible entity to tailor covered services to account for the various geographic areas and economic conditions in the region in which the eligible entity will serve as a collaborative; and (ff) the geographic area that the eligible entity will serve; (II) a budget for the provision of covered services by the eligible entity; (III) the name of the individual who will serve as executive director of the collaborative or a plan to appoint such an individual; and (IV) any other information that the Office determines to be necessary. (C) Amount of award (i) In general Each award to an eligible entity under this paragraph shall be— (I) in an amount that is $500,000