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And I have been pleased to meet them and proud to invite them. Chairman Leahy. As my last inquiry, in some of the testament this early morning there has actually been a tip that, of course, just with all the hundreds of billions, trillions of bucks prepared to invest, you ought to just go someplace else.

Stenger. I would tell you that in this environment the ability to elevate funding for the important things we are doing would certainly have-- it is impossible to do so in a manner that would certainly enable us as properly and as swiftly develop the points we have actually done. You can obtain cash if you have actually obtained 50 percent down.

I can have borrowed fifty percent of that if I had the $12 million in money to install. Everyone understands 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 half. That is not exactly how service functions these days.

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You are talking from a real-world experience, not from a brain trust experience. I will leave that merely as an unjustified remark from the Chairman. Senator Grassley. Legislator Grassley. Thank you. I intend to be responsible in this concern of undocumented workers. I wish to confess that we only have unscientific info, yet I would such as to ask you to what extent you need to go or do most likely to see to it that the facilities make certain that the financial investments do not produce tasks for people below unlawfully.

Mr. Stenger. Legislator, I am a hands-on proprietor of a company, and I am on-property every single day. We have hired-- as I said, at the Optimal we had 550 building and construction employees on our task. The marching orders that I offered to my team is that we are to employ local business in virtually every instance to do all of the building and construction.

They are made up of 10, 15, 20, 30 workers. They are from our regional areas. They are Vermonters. They are profiting straight from the financial investment. So we are a hands-on facility. I know the employees, I understand their family members, and we have been able to employ-- with these last 3 years of dreadful economic turmoil, we have actually check here been able to use practically every building worker in our region and the bordering regions.

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

Mr. North, along the exact same lines of the concern I asked him, has your study revealed examples various other-- and I just offered one instance, so I desire to confess that and be accountable about it-- of facilities hiring undocumented individuals? Mr. EB5 Regional Center Program. North.



This is a poor application." There is a quantity of poor applications out there, however just when that procedure obtains before an administrative regulation judge do we see a lot in the means of detail. Now, there was one situation that you stated, and allow me simply clarify on that particular a bit.

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Do not take as well long because I wish to ask one more couple concerns. Yet proceed and quickly finish. Mr. North. The dairy products ranch had actually asserted 17 workers, and they got involved in it, and the judge discovered that 16 of them were illegals. Currently, that is the one example I have, and it is a great example.

Okay. I am going to ask different questions of each of the three of you, yet it deals with this one concern. As I stated in my opening statement, I am concerned about the potential technicality that enables financiers to withdraw their investment in local centers after receiving their eco-friendly card.

Divine, are you knowledgeable about any kind of circumstances in which a capitalist withdrew the investment and left promptly after obtaining a permit? And if you are, or if you assume it is an issue, do you assume that it is a technicality that should be closed? Mr. Divine. I would say that a lot of the financiers, if you inquired what are their goals, they would certainly say, "I want to obtain a permit, and I intend to maintain it.

Mr. Divine. Allow me ask Mr. Stenger, is it usual for an investor in your experience to withdraw his or her financial investment promptly after getting an environment-friendly card? Mr.

Senator, no.

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