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And I have been honored to meet them and proud to invite them. Chairman Leahy. Also, as my last question, in some of the testament this early morning there has actually been an idea that, naturally, simply with all the hundreds of billions, trillions of bucks prepared to spend, you should simply go someplace else.

Stenger. I would tell you that in this climate the capability to increase funding for the important things we are doing would certainly have-- it is difficult to do so in a way that would certainly enable us as efficiently and as swiftly produce the important things we have done. You can borrow money if you have actually got 50 percent down.


I might have borrowed half of that if I had the $12 million in cash to place up. Everybody knows that, yes, banks have cash to financing as long as you have obtained half of it in your pocket prior to you request for the various other fifty percent. That is not just how service works these days.

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You are talking from a real-world experience, not from a think storage tank experience. I will leave that merely as a gratuitous remark from the Chairman. Legislator Grassley. Legislator Grassley. Thank you. I desire to be responsible in this issue of undocumented employees. I wish to confess that we only have anecdotal info, yet I want to ask you to what extent you need to go or do go to see to it that the centers make certain that the investments do not create work for individuals here illegally.


Mr. Stenger. Legislator, I am a hands-on proprietor of a company, and I am on-property every single day. We have actually employed-- as I said, at the Peak we had 550 building workers on our task. The marching orders that I offered to my team is that we are to employ neighborhood business in almost every instance to do all of the building.


They are made up of 10, 15, 20, 30 staff members. They are benefiting directly from the financial investment. I understand the workers, I understand their family members, and we have been able to employ-- with these last 3 years of horrible financial turmoil, we have been able to utilize almost every construction worker in our area and the surrounding areas.

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homeowners. They live in the location. Their family members exist. They are purchased the areas, and they are all united state workers. Senator Grassley. You do not have to make use of e-verify, however I would love to recognize whether or not you do. Mr. Stenger. We do. Senator Grassley. You do.


Mr. North, along the very same lines of the concern I asked him, has your research shown instances various other-- and I only offered one instance, so I desire to confess that and be responsible regarding it-- of facilities hiring undocumented individuals? Mr. EB5 Regional Center Program. North.




This is a poor application." So there is an amount of poor applications available, however only once that procedure gets before a management legislation court do we see much in the means of detail. Currently, there was one situation that you discussed, and allow me simply elaborate on that a bit.

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Mr - EB5 Regional Center Program. North. The dairy products ranch had actually asserted 17 employees, and they obtained into it, and the court discovered that 16 of them were illegals.


Okay. I am mosting likely to ask separate questions of each of the 3 of you, but it takes care of this one issue. As I said in my opening declaration, I am worried about the possible technicality that permits capitalists to withdraw their investment in local centers after getting their permit.


Divine, are you familiar with any type of instances in which an investor took out the financial investment and strolled away right away after getting an environment-friendly card? And read more if you are, or if you think it is a problem, do you assume that it is a technicality that should be closed? Mr. Divine. I would state that a lot of the investors, if you asked them what are their objectives, they would certainly state, "I intend to obtain a copyright, and I want to maintain it.

Mr. Divine. Let me ask Mr. Stenger, is it usual for an investor in your experience to withdraw his or her financial investment immediately after obtaining a copyright? Mr.


Senator, no.