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And I have actually been honored to fulfill them and proud to welcome them. Chairman Leahy. As my last inquiry, in some of the testimony this morning there has actually been an idea that, of training course, simply with all the hundreds of billions, trillions of bucks all set to invest, you ought to just go someplace else.


Stenger. I would inform you that in this environment the capability to increase funding for the things we are doing would have-- it is difficult to do so in a way that would permit us as properly and as swiftly create things we have done. You can obtain cash if you have got 50 percent down.


I could have borrowed half of that if I had the $12 million in money to put up. Every person understands that, yes, banks have cash to financing as long as you have obtained fifty percent of it in your pocket before you request for the other fifty percent. That is not how business functions nowadays.

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You are talking from a real-world experience, not from a think container experience. I will leave that just as an unjustified comment from the Chairman. Senator Grassley. Senator Grassley. Thank you. I desire to be responsible in this issue of undocumented workers. I intend to confess that we just have unscientific information, but I would such as to ask you to what level you have to go or do go to make certain that the facilities make sure that the financial investments do not create work for individuals here unlawfully.


Mr. Stenger. We have actually hired-- as I said, at the Height we had 550 building and construction employees on our task.


They are made up of 10, 15, 20, 30 employees. They are benefiting directly from the investment. I understand the workers, I understand their families, and we have actually been able to use-- with these last 3 years of terrible financial turmoil, we have actually been able to utilize nearly every building employee in our county and the bordering areas.

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locals. They stay in the area. Their families exist. They are invested in the communities, and they are all U.S. workers. Legislator Grassley. You do not have to utilize e-verify, however I would love to know whether you do. Mr. Stenger. We do. Legislator Grassley. You do.


Thank you. Mr. North, along the exact same lines of the inquiry I asked him, has your research revealed instances various other-- and I only offered one example, so I intend to confess that and be responsible concerning it-- of centers employing undocumented people? Mr. North. That sort of information is very hard to get from USCIS, and I must say that what we do find out about a number of the internal things about that agency as much as this program is concerned associates with situations in which the personnel has actually claimed no to an application of some kind and after that the regional facility or the individual entrepreneur has gone to the Administrative Appeals Workplace-- which is part of the company-- and there we obtain documents, we get a hearing police officer informing us what is taking place because certain situation.




This is a poor application." There is a quantity of bad applications out there, but just as soon as that procedure gets before a management regulation judge do we see much in the method of detail. Currently, there was one case that you stated, and allow me just specify on that particular a little bit.

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Mr - EB5 Regional Center Program. North. The milk farm had asserted 17 workers, and they got into it, and the court discovered that 16 of them were illegals.


Okay. I am going to ask separate questions of each of the three of you, but it handles this concern. As I said in my opening statement, I am concerned about the potential technicality that permits financiers to withdraw their investment in regional facilities after receiving their eco-friendly card.


Divine, are you mindful of any circumstances in which an investor withdrew the financial investment and strolled away promptly after getting a copyright? And if you are, or if you assume it is an issue, do you assume that it is a technicality that should be shut? Mr. Divine. I would claim that the majority of the financiers, if you inquired what are their objectives, they would certainly state, "I want to get an environment-friendly card, and I wish to keep it.


If I put my cash in a hotel advancement-- Legislator Grassley. Can I assume then that you are stating that there does not need to be any type of changes made because read more respect? Mr. Divine. I do not assume so. Senator Grassley. Okay. Allow me ask Mr. Stenger, is it common for an investor in your experience to withdraw his/her financial investment instantly after obtaining a copyright? Mr.

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Legislator, no. Our programs need that the investor be spent for a minimum of 5 years and be repaid only if the organization is in a position to do so at the end of that time. So we have the benefit of the funding to create business, obtain it running, make it successful, guarantee that the jobs will be developed and kept, and then only if the company succeeds will there be an exit approach for the capitalist.