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And I have actually been pleased to satisfy them and pleased to invite them. Chairman Leahy. Likewise, as my last inquiry, in a few of the statement this early morning there has actually been a recommendation that, naturally, simply with all the thousands of billions, trillions of dollars all set to spend, you should simply go somewhere else.

EB5 Regional Center ProgramEB5 Regional Center Program
Stenger. I would inform you that in this climate the capacity to elevate capital for the things we are doing would certainly have-- it is difficult to do so in a fashion that would enable us as successfully and as promptly create the important things we have actually done. You can obtain money if you have actually obtained 50 percent down.

I can have obtained half of that if I had the $12 million in money to install. Every person understands that, yes, banks have cash to finance as long as you have actually got fifty percent of it in your pocket before you request the other half. That is not exactly how company works these days.

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You are talking from a real-world experience, not from a think storage tank experience. I will leave that simply as an unjustified comment from the Chairman. Senator Grassley. Legislator Grassley. Thank you. I wish to be liable in this issue of undocumented workers. I desire to confess that we only have anecdotal details, but I would certainly like to ask you to what degree you have to go or do most likely to see to it that the centers make sure that the financial investments do not create jobs for people below illegally.

Mr. Stenger. Senator, I am a hands-on proprietor of a company, and I am on-property each and every single day. We have actually employed-- as I stated, at the Top we had 550 building employees on our job. The marching orders that I gave to my group is that we are to hire regional companies in practically every instance to do all of the building and construction.

They are composed of 10, 15, 20, 30 workers. They are from our regional regions. They are Vermonters. They are profiting straight from the investment. So we are a hands-on center. I know the workers, I recognize their households, and we have actually been able to employ-- via these last 3 years of dreadful financial chaos, we have actually been able to employ almost every construction worker in our area and the bordering regions.

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

Thank you. Mr. North, along the very same lines of the question I asked him, has your study shown examples various other-- and I just provided one example, so I intend to admit that and be responsible about it-- of facilities employing undocumented people? Mr. North. That sort of data is very difficult to get from USCIS, and I have to say that what we do understand about much of the internal things regarding that company regarding this program is worried connects to cases in which the personnel has actually stated no to an application of some kind and afterwards the local center or the private business owner has mosted likely to the Administrative Appeals Office-- which belongs to the firm-- and there we get papers, we get a hearing officer telling us what is going on in check here that specific instance.



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

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Do not take as well long due to the fact that I wish to ask one more pair questions. But proceed and swiftly finish. Mr. North. The milk farm had actually claimed 17 workers, and they entered it, and the judge found that 16 of them were illegals. Currently, that is the one example I have, and it is an example.

Okay. I am mosting likely to ask different questions of each of the three of you, however it takes care of this issue. As I said in my opening statement, I am worried concerning the possible technicality that enables financiers to withdraw their investment in local facilities after getting their eco-friendly card.

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

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

Senator, no.

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