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And I have been happy to satisfy them and pleased to welcome them. Chairman Leahy. As my last question, in some of the testimony this early morning there has been an idea that, of training course, simply with all the hundreds of billions, trillions of bucks prepared to spend, you must just go somewhere else.


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Stenger. I would tell you that in this climate the ability to elevate capital for things we are doing would certainly have-- it is difficult to do so in a manner that would certainly permit us as effectively and as rapidly create the things we have done. You can obtain money if you have got half down.


I could have borrowed fifty percent of that if I had the $12 million in cash money to set up. Everybody recognizes that, yes, banks have money to financing as long as you have actually got half of it in your pocket prior to you request for the various other half. That is not just how service works nowadays.


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Senator Grassley. Senator Grassley. I desire to confess that we just have anecdotal information, however I would certainly such as to ask you to what level you have to go or do go to make sure that the facilities make certain that the investments do not produce work for people right here unlawfully.


Mr. Stenger. Legislator, I am a hands-on proprietor of a business, and I am on-property every single day. We have employed-- as I stated, at the Height we had 550 building and construction employees on our project. The marching orders that I offered to my team is that we are to hire local business in nearly every circumstances to do every one of the building and construction.


They are made up of 10, 15, 20, 30 workers. They are benefiting straight from the financial investment. I understand the workers, I recognize their family members, and we have actually been able to utilize-- with these last 3 years of awful economic chaos, we have been able to employ virtually every building and construction worker in our county and the bordering regions.


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They are spent in the neighborhoods, and they are all United state workers. Senator Grassley. Mr. Stenger.


Thanks. Mr. North, along the same lines of the concern I asked him, has your research shown instances other-- and I only offered one instance, so I wish to confess that and be responsible concerning it-- of centers employing undocumented people? Mr. North. That kind of data is really difficult to obtain from USCIS, other and I should state that what we do learn about numerous of the inner features of that company as for this program is concerned associates to situations in which the team has actually said no to an application of some kind and afterwards the regional facility or the specific business owner has actually mosted likely to the Administrative Appeals Office-- which belongs to the company-- and there we get records, we obtain a hearing police officer telling us what is going on in that particular situation.




This is a poor application." There is an amount of negative applications out there, however only once that procedure obtains before an administrative regulation court do we see much in the way of information. Now, there was one case that you mentioned, and allow me just elaborate on that particular a bit.


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EB5 Regional Center ProgramEB5 Regional Center Program


Do not take too long since I wish to ask another pair questions. But go on and rapidly surface. Mr. North. The dairy products farm had claimed 17 workers, and they entered it, and the judge found that 16 of them were illegals. Now, 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, yet it manages this set concern. As I stated in my opening statement, I am concerned about the possible technicality that enables investors to withdraw their investment in local facilities after getting their eco-friendly card.


Mr. Divine. I would certainly state that most of the investors, if you asked them what view it now are their objectives, they would certainly say, "I want to obtain an environment-friendly card, and I want to keep it.


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Mr. Divine. Let me ask Mr. Stenger, is it typical for a capitalist in your experience to withdraw his or her financial investment recommended you read right away after obtaining an environment-friendly card? Mr.


Senator, legislator.

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