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And I have been proud to fulfill them and proud to invite them. Chairman Leahy. Also, as my last concern, in several of the testimony this early morning there has been a tip that, naturally, just with all the hundreds of billions, trillions of dollars all set to invest, you must just go elsewhere.

Stenger. I would certainly inform you that in this climate the ability to raise resources for things we are doing would have-- it is difficult to do so in a fashion that would allow us as effectively and as quickly develop the important things we have done. You can obtain money if you have got half down.

I might have borrowed fifty percent of that if I had the $12 million in cash to set up. Every person recognizes that, yes, banks have money to lending as long as you have got half of it in your pocket before you request for the other fifty percent. That is not exactly how company functions nowadays.

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You are speaking from a real-world experience, not from a think container experience. I will certainly leave that simply as an unjustified remark from the Chairman. Senator Grassley. Senator Grassley. Thanks. I intend to be accountable in this concern of undocumented employees. I desire to admit that we only have unscientific details, but I want to ask you to what extent you have to go or do most likely to make sure that the centers ensure that the investments do not develop jobs for individuals here unlawfully.

Mr. Stenger. Senator, I am a hands-on owner of an organization, and I am on-property every solitary day. We have actually hired-- as I stated, at the Peak we had 550 building and construction workers on our job. The marching orders that I offered to my group is that we are to work with local firms in almost every instance to do every one of the construction.

They are composed of 10, 15, 20, 30 employees. They are from our regional regions. They are Vermonters. They are benefiting directly from the investment. We are a hands-on facility. I recognize the employees, I recognize their families, and we have been able to you could check here employ-- through these last 3 years of dreadful financial chaos, we have been able to utilize virtually every building and construction employee in our region and the bordering areas.

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citizens. They live in the location. Their families exist. They are bought the areas, and they are all U.S. employees. Senator Grassley. You do not need to use e-verify, yet I wish to understand whether you do. Mr. Stenger. We do. Senator Grassley. You do.

Mr. North, along the exact same lines of the concern I asked him, has your research shown examples other-- and I only gave one example, so I want to admit that and be responsible regarding it-- of facilities employing undocumented people? Mr. EB5 Regional Center Program. North.



This is a poor application." So there is an amount of poor applications out there, yet just as soon as that procedure gets before an administrative law judge do we see much in the way of information. Currently, there was one case that you pointed out, and let me simply specify on that particular a little.

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Do not take too long because I wish to ask one more couple inquiries. Go in advance and swiftly surface. Mr. North. The dairy products farm had claimed 17 workers, and they got involved in it, and the court found that 16 of visite site them were illegals. Now, that is the one example I have, and it is a fine example.

Okay. I am mosting likely to ask separate concerns of each of the three of you, but it handles this problem. As I stated in my opening declaration, I am concerned about the prospective loophole that permits capitalists to withdraw their investment in regional facilities after obtaining their environment-friendly card.

Mr. Divine. I would certainly state that many of the financiers, if you asked them what are their goals, they would certainly say, "I desire to get an environment-friendly card, and I desire to maintain it.

If I place my cash in a resort development-- Senator Grassley. Can I presume then that you are stating that there does not require to be any kind of changes made because regard? Mr. Divine. I do not think so. Senator Grassley. Okay. Let me ask Mr. Stenger, is it common for a financier in your experience to withdraw his/her financial investment instantly after getting a copyright? Mr.

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Legislator, no. Our programs call for that the capitalist be spent for a minimum of 5 years and be repaid only if the company is in a position to important site do so at the end of that time. So we have the benefit of the capital to develop the organization, obtain it running, make it effective, guarantee that the work will be developed and preserved, and after that just if business is effective will there be a leave approach for the capitalist.

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