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And I have actually been honored to meet them and pleased to welcome them. Chairman Leahy. As my last concern, in some of the statement this early morning there has actually been a suggestion that, of training course, simply with all the hundreds of billions, trillions of dollars prepared to spend, you ought to simply go someplace else.


Stenger. I would certainly tell you that in this environment the capacity to raise funding for the important things we are doing would have-- it is difficult to do so in a way that would certainly permit us as properly and as promptly create things we have actually done. You can borrow cash if you have actually obtained half down.


I might have obtained half of that if I had the $12 million in cash to put up. Everybody knows that, yes, financial institutions have cash to finance as long as you have obtained half of it in your pocket before you request for the other fifty percent. That is not exactly how service works these days.

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Legislator Grassley. Legislator Grassley. I desire to admit that we just have anecdotal information, yet I would such as to ask you to what extent you have to go or do go to make certain that the facilities make certain that the investments do not develop tasks for people here unlawfully.


Mr. Stenger. Legislator, I am a hands-on proprietor of a business, and I am on-property every day. We have actually worked with-- as I claimed, at the Top we had 550 building and construction employees on our task. The marching orders that I offered to my team is that we are to hire local companies in virtually every circumstances to do every one of the building and construction.


They are made up of 10, 15, 20, 30 workers. They are from our neighborhood areas. They are Vermonters. They are benefiting directly from the financial investment. We are a hands-on center. I recognize the workers, I know their family members, and we have been able to use-- with these last 3 years of awful economic turmoil, we have actually had the ability to use virtually every construction worker in our area and the surrounding areas.

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They are spent in the areas, and they are all U.S. workers. Legislator Grassley. Mr. Stenger.


Thank you. Mr. North, along the same lines of the question I asked him, has your study shown examples various other-- and I only provided one instance, so I wish to confess that and be liable concerning it-- of centers working with undocumented people? Mr. North. That sort of data is extremely hard to acquire from USCIS, and I have to say that what we do recognize about a lot of the internal points concerning that agency as far as this program is concerned connects to cases in which the personnel has actually claimed no to an application of some kind and afterwards the local center or the specific entrepreneur has actually mosted likely to the Administrative Appeals Office-- which is component of the company-- and there we obtain documents, we get a hearing police officer telling us what is taking place in that particular instance.




This is click here a bad application." So there is a quantity of poor applications available, but just as soon as that process obtains before a management legislation judge do we see a lot in the way of information. Now, there was one situation that you discussed, and let me just elaborate on that particular a little.

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


Okay. I am mosting likely to ask different questions of each of the three of you, yet it handles this issue. As I said in my opening statement, I am concerned concerning the possible technicality that allows capitalists to withdraw their investment in local centers after getting their environment-friendly card.


Mr. Divine. I would claim that many of the capitalists, if you asked them what are their objectives, they would say, "I desire to get an eco-friendly card, and I desire to maintain it.


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


Senator, legislator.