; and (bb) shall deem such petitions to include records previously filed with the Secretary under subparagraph (F) if the alien petitioner certifies that such records are incorporated by reference into the alien’s petition. (II) Priority In processing applications for designation as a regional center, amendments, specific investment offerings, and annual certifications submitted under this paragraph, the Secretary may give priority, upon the payment of a $50,000 premium processing fee, to such applications and certifications, notwithstanding other pending applications or petitions filed under other employment-based visa categories. (III) Premium processing of eb–5 regional center applications (aa) In general An entity seeking designation as an EB–5 regional center or an amendment of a previously approved regional center may, upon the payment of a $50,000 premium processing fee, request that the Secretary process the application within 120 days. (bb) Response to premium processing request If the Secretary cannot render a final decision on the application or petition for which premium processing was requested, as evidenced by an approval notice or denial notice, the Secretary shall refund the premium processing fee. (IV) Expedited processing of targeted employment area petitions A petition relating to a project in a targeted employment area, including individual investor petitions, will be subject to expedited review without payment of an additional premium processing fee. (ii) Establishment of regional centers A regional center shall operate within a defined, contiguous, and limited geographic area, which shall be described in the proposal and be consistent with the purpose of concentrating pooled investment within such area. The proposal to establish a regional center shall— (I) demonstrate that the pooled investment will have a significant economic impact on such geographic area