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And I have actually been happy to meet them and happy to invite them. Chairman Leahy. Also, as my last concern, in several of the statement today there has been a tip that, certainly, simply with all the hundreds of billions, trillions of bucks prepared to spend, you need to just go elsewhere.


Stenger. I would inform you that in this climate the ability to raise capital for the important things we are doing would have-- it is difficult to do so in a manner that would enable us as properly and as quickly develop the important things we have actually done. You can borrow money if you have got 50 percent down.


I can have obtained half of that if I had the $12 million in cash to set up. Everybody understands that, yes, banks have cash to lending as long as you have actually got half of it in your pocket prior to you request the other fifty percent. That is not exactly how company functions these days.

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You are speaking from a real-world experience, not from a think tank experience. I will leave that merely as an unjustified comment from the Chairman. Senator Grassley. Senator Grassley. Thanks. I wish to be liable in this issue of undocumented employees. I intend to confess that we just have anecdotal details, however I wish to ask you to what degree you have to go or do go to make certain that the centers make certain that the financial investments do not produce jobs for individuals below illegally.


Mr. Stenger. We have employed-- as I claimed, at the Peak we had 550 building workers on our job.


They are composed of 10, 15, 20, 30 employees. They are from our local counties. They are Vermonters. They are benefiting directly from the investment. So we are a hands-on facility. I recognize the employees, I recognize their family members, and we have actually had the ability to utilize-- with these last 3 years of horrible economic turmoil, we have been able to employ virtually every building and construction employee in our area and the bordering areas.

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locals. They live in the location. Their families exist. They are bought the communities, and they are all united state workers. Legislator Grassley. You do not have to use e-verify, however I want to know whether you do. Mr. Stenger. We do. Senator Grassley. You do.


Thank you. Mr. North, along the exact same lines of the inquiry I asked him, has your research shown instances other-- and I only offered one example, so I want to confess that and be responsible regarding it-- of facilities employing undocumented people? Mr. North. That sort of data is extremely hard to acquire from USCIS, and I have to say that what we do understand around many of the interior features of that agency as for this program is worried connects to cases in which the personnel has actually claimed no to an application of some kind and after that the regional center or the private business owner has actually gone to the Administrative Appeals Office-- which is part of the company-- and there we obtain records, we obtain a hearing policeman informing us what is taking place because certain instance.




This is a bad application." So there is a quantity of bad applications out there, yet just as soon as that process gets before an administrative law judge do we see much in the way of detail. Currently, there was one situation that you discussed, and allow me simply elaborate on that particular a little.

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Mr - EB5 Regional Center Program. North. my review here The milk ranch had actually declared 17 workers, and they got right into it, and the court discovered that 16 of them were illegals.


Okay. I am going to ask separate questions of each of the 3 of you, yet it takes care of this problem. As I said in my opening statement, I am concerned concerning the possible technicality that enables investors to withdraw their financial investment in local facilities after getting their eco-friendly card.


Divine, are you aware of any circumstances in which a capitalist took look at here now out the my site investment and walked away right away after receiving a copyright? And if you are, or if you think it is a trouble, do you assume that it is a loophole that should be closed? Mr. Divine. I would certainly say that most of the capitalists, if you asked what are their goals, they would certainly claim, "I intend to get a permit, and I intend to maintain it.


Mr. Divine. Allow me ask Mr. Stenger, is it common for an investor in your experience to withdraw his or her investment right away after receiving an environment-friendly card? Mr.


Senator, no.