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And I have been happy to satisfy them and honored to invite them. Chairman Leahy. As my last concern, in some of the testimony this early morning there has actually been a recommendation that, of training course, just with all the hundreds of billions, trillions of bucks prepared to spend, you need to simply go someplace else.


Stenger. I would tell you that in this climate the capacity to elevate capital for the things we are doing would have-- it is difficult to do so in a fashion that would certainly permit us as properly and as quickly create the important things we have done. You can obtain money if you have actually obtained 50 percent down.


I can have obtained fifty percent of that if I had the $12 million in cash money to set up. Everyone knows that, yes, financial institutions have money to lending as long as you have got fifty percent of it in your pocket prior to you request for the other half. That is not exactly how business functions nowadays.

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Senator Grassley. Senator Grassley. I desire to admit that we only have anecdotal info, but I would like 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 develop jobs for individuals here illegally.


Mr. Stenger. Legislator, I am a hands-on owner of an organization, and I am on-property every single day. We have employed-- as I said, at the Top we had 550 building and construction workers on our project. The marching orders that I offered to my group is that we are to employ neighborhood firms in almost every instance to do all of the building.


They are comprised of 10, 15, 20, 30 workers. They are from our neighborhood regions. They are Vermonters. They are profiting directly from the financial investment. We are a hands-on facility. I know the workers, I understand their families, and we have actually been able to use-- with these last 3 years of awful economic turmoil, we have actually been able to utilize almost every building and construction worker in our county and the surrounding areas.

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They are spent in the neighborhoods, and they are all U.S. employees. Senator Grassley. Mr. Stenger.


Thank you. Mr. North, along the very same lines of the inquiry I asked him, has your study revealed instances various other-- and I only provided one instance, so I wish to confess that and be liable concerning it-- of facilities employing undocumented people? Mr. North. That sort of information is extremely tough to acquire from USCIS, and I need to claim that what we do learn about a number of the inner features of that company as for this program is concerned associates with cases in which the team has actually stated no to an application of some kind and after that the local facility or the private entrepreneur has actually gone to the Administrative Appeals Office-- which is part of the company-- and there we obtain files, we get a hearing policeman informing us what is going on in that particular situation.




This is a negative application." So there is a quantity of bad applications out there, yet only once that process gets before an administrative legislation judge do we see a lot in the means of detail. Now, there was one situation that you discussed, and let me simply elaborate on that particular a little bit.

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


Okay. I am mosting likely to ask different inquiries of each of the three of you, yet it deals with this one concern. As I claimed in my opening statement, I am worried regarding the prospective loophole that enables capitalists to withdraw their investment in regional facilities after getting their permit.


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


Mr. Divine. check here Let me ask Mr. Stenger, is it typical for an investor in your experience to withdraw his or her financial investment quickly after obtaining an environment-friendly card? Mr.


Senator, no.