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And I have actually been pleased to meet them and happy to welcome them. Chairman Leahy. As my last inquiry, in some of the testimony this early morning there has been a suggestion that, of program, just with all the hundreds of billions, trillions of bucks all set to spend, you must just go somewhere else.

Stenger. I would certainly tell you that in this climate the capability to increase resources for the important things we are doing would have-- it is difficult to do so in a fashion that would enable us as properly and as quickly produce the things we have done. You can borrow money if you have got 50 percent down.


I could have borrowed fifty percent of that if I had the $12 million in cash to install. Every person recognizes that, yes, financial institutions have cash to finance as long as you have obtained half of it in your pocket before you ask for the other fifty percent. That is not exactly how company works nowadays.

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Legislator Grassley. Legislator Grassley. I desire to admit that we only have unscientific information, however I would certainly like to ask you to what extent you have to go or do go to make certain that the facilities make sure that the financial investments do not produce tasks for individuals here unlawfully.


Mr. Stenger. Senator, I am a hands-on proprietor of an organization, and I am on-property each and every single day. We have actually employed-- as I said, at the Height we had 550 construction workers on our project. The marching orders that I offered to my group is that we are to hire local firms in nearly every circumstances to click here to read do all of the building and construction.


They are made up of 10, 15, 20, 30 staff members. They are benefiting directly from the financial investment. I understand the workers, I understand their households, and we have actually been able to utilize-- via these last 3 years of awful economic turmoil, we have actually been able to utilize nearly every construction employee in our county and the surrounding counties.

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residents. They reside in the area. Their family members are there. They are invested in the neighborhoods, and they are all united state workers. Legislator Grassley. You do not need to make use of e-verify, but I would love to know whether you do. Mr. Stenger. We do. Senator Grassley. You do.


Mr. North, along the same lines of the concern I asked him, has your research study shown examples various other-- and I only provided one example, so I desire to confess that and be liable regarding it-- of facilities employing undocumented individuals? Mr. EB5 Regional Center Program. North.




This is a bad application." There is an amount of poor applications out there, but just when that process obtains prior to a management law court do we see much in the way of information. Now, there was one case that you mentioned, and allow me just clarify on that a little bit.

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Mr - Web Site EB5 Regional Center Program. North. The dairy products farm had claimed 17 employees, and they obtained into it, and the judge found that 16 of them were illegals.


Okay. I am mosting likely to ask different inquiries of each of the 3 of you, however it takes care of this concern. As I claimed in my opening statement, I am worried about the prospective loophole that enables investors to withdraw their investment in regional centers after obtaining their permit.


Divine, are you familiar with any kind of circumstances in which a capitalist withdrew the investment and left right away after receiving a copyright? And if you are, or if you assume it is a trouble, do you assume that it is a technicality that should be shut? Mr. Divine. I would certainly state that a lot of the investors, if basics you asked them what are their goals, they would certainly claim, "I intend to obtain a permit, and I desire to maintain it.

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


Senator, legislator.