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

Stenger. I would certainly inform you that in this environment the capability to raise resources for things we are doing would certainly have-- it is difficult to do so in a fashion that would certainly enable us as efficiently and as rapidly create things we have actually done. You can borrow money if you have actually obtained 50 percent down.

I could have obtained fifty percent of that if I had the $12 million in cash to install. Every person recognizes that, yes, financial institutions have money to financing as long as you have actually obtained half of it in your pocket prior to you request the other fifty percent. That is not just how organization works nowadays.

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You are talking from a real-world experience, not from a brain trust experience. I will leave that just as an unjustified comment from the Chairman. Senator Grassley. Legislator Grassley. Thanks. I desire to be responsible in this issue of undocumented employees. I wish to confess that we just have anecdotal info, however I would love to ask you to what extent you need to go or do most likely to make sure that the centers ensure that the financial investments do not develop work for people here illegally.

Mr. Stenger. Legislator, I am a hands-on proprietor of a business, and I am on-property every solitary day. We have employed-- as I said, at the Optimal we had 550 building employees on our task. The marching orders that I offered to my group is that we are to hire neighborhood firms in nearly every instance to do every one of the construction.

They are made up of 10, 15, 20, 30 staff members. They are from our neighborhood regions. They are Vermonters. They are benefiting straight from the financial investment. We are a hands-on center. I understand the workers, I recognize their households, and we have been able to utilize-- through these last 3 years of dreadful financial chaos, we have actually been able to utilize virtually every construction worker in our area and the surrounding regions.

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residents. They reside in the area. Their households are there. They are invested in the areas, and they are all U.S. employees. Senator Grassley. You do not have to use e-verify, however I would love to know whether you do. Mr. Stenger. We do. Senator Grassley. You do.

Thank you. Mr. North, along the very same lines of the question I asked him, has your research shown instances other-- and I only offered one example, so I wish to confess that and be responsible regarding it-- of facilities hiring undocumented people? Mr. North. That sort of data is really hard to acquire from USCIS, and I have to say that what we do understand around most of the interior features of that agency as for this program is worried connects to cases in which the staff has actually claimed no to an application of some kind and afterwards the regional center or website the individual business owner has actually mosted likely to the Administrative Appeals Office-- which becomes part of the company-- and there we obtain records, we obtain a hearing police officer telling us what is going on because specific case.



This is a bad application." So there is a quantity of negative applications out there, however only once that procedure gets before a management regulation judge do we see much in the means of information. Now, there was one instance that you mentioned, and allow me just specify on that a little.

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Mr - EB5 Regional Center Program. North. The dairy ranch had claimed 17 workers, and they got right into it, and the court located that 16 of them were illegals.

Okay. I am mosting likely to ask different inquiries of each of the 3 of you, however it manages this set issue. As I said in my opening declaration, I am worried regarding the prospective loophole that allows investors to withdraw their financial investment in local centers after obtaining their permit.

Mr. Divine. I would state that most of the capitalists, if you asked them what are their goals, they would certainly state, "I want to obtain an eco-friendly card, and I want to maintain it.

Mr. Divine. Let me ask Mr. Stenger, is it common for an investor in your experience to withdraw his or her financial investment promptly after receiving an eco-friendly card? Mr.

Senator, no.

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