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And I have been honored to meet them and pleased to welcome them. Chairman Leahy. As my last inquiry, in some of the testament this morning there has actually been a pointer that, of program, just with all the hundreds of billions, trillions of bucks ready to invest, you ought to simply go someplace else.


Stenger. I would inform you that in this climate the capability to elevate funding for the things we are doing would have-- it is difficult to do so in a way that would allow us as effectively and as swiftly develop the things we have done. You can obtain cash if you have actually obtained 50 percent down.


I could have obtained half of that if I had the $12 million in cash to install. Every person recognizes that, yes, financial institutions have money to funding as long as you have obtained fifty percent of it in your pocket before you request for the various other fifty percent. That is not exactly how business functions these days.

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You are speaking from a real-world experience, not from a brain trust experience. I will leave that merely as a gratuitous remark from the Chairman. Senator Grassley. Legislator Grassley. Thanks. I want to be liable in this issue of undocumented employees. I intend to admit that we just have unscientific information, but I wish to ask you to what level you have to go or do most likely to make certain that the facilities make certain that the investments do not produce work for people here unlawfully.


Mr. Stenger. We have hired-- as I said, at the Top we had 550 building workers on our job.


They are comprised of 10, 15, 20, 30 workers. They are from our regional regions. They are Vermonters. They are profiting straight from the investment. So we are a hands-on center. I understand the workers, I understand their families, and we have been able to employ-- through these last 3 years Home Page of terrible financial chaos, we have actually been able to employ almost every building worker in our county and the bordering areas.

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locals. They stay in the area. Their family members are there. They are purchased the neighborhoods, and they are all united state workers. Senator Grassley. You do not need to make use of e-verify, but I wish to understand whether you do. Mr. Stenger. We do. Senator Grassley. You do.


Mr. North, along the exact same lines of the inquiry I asked him, has your research shown instances various other-- and I just offered one instance, so I desire to confess that and be liable concerning it-- of facilities working with undocumented people? Mr. EB5 Regional Center Program. North.




This is a negative application." So there is an amount of poor applications available, but only as soon as that procedure obtains before an administrative law court do we see a lot in the method of detail. Now, there was one case that you stated, and allow me just elaborate on that particular a bit.

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Do not take too long since I want to ask another couple concerns. But go on and promptly coating. Mr. North. The dairy products ranch had click over here now actually declared 17 workers, and they entered it, and the court located that 16 of them were illegals. Currently, that is the one instance I have, and it is an example.


Okay. I am going to ask separate questions of each of the 3 of you, but it deals with this one concern. As I claimed in my opening declaration, I am worried regarding the prospective loophole that allows investors to withdraw their investment in regional centers after obtaining their environment-friendly card.


Divine, are you my review here familiar with any kind of circumstances in which an investor took out the financial investment and walked away promptly after getting an eco-friendly card? And if you are, or if you assume it is an issue, do you believe that it is a technicality that should be shut? Mr. Divine. I would state that most of the capitalists, if you asked what are their goals, they would say, "I desire to get a copyright, and I desire to maintain it.


Mr. Divine. Allow me ask Mr. Stenger, is it typical for an investor in your experience to withdraw his or her investment instantly after obtaining a copyright? Mr.


Senator, legislator.