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And I have actually been honored to meet them and proud to invite them. Chairman Leahy. Also, as my last question, in some of the statement this early morning there has actually been a recommendation that, certainly, just with all the thousands of billions, trillions of dollars ready to spend, you ought to simply go elsewhere.


Stenger. I would tell you that in this environment the capacity to increase capital for the things we are doing would have-- it is impossible to do so in a fashion that would certainly permit us as properly and as swiftly develop the things we have done. You can borrow cash if you have obtained 50 percent down.


I might have obtained fifty percent of that if I had the $12 million in money to place up. Everyone understands that, yes, banks have cash to car loan 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 organization works nowadays.

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Senator Grassley. Legislator Grassley. I desire to admit that we only have unscientific information, but I would certainly like to ask you to what extent you have to go or do go to make certain that the centers make certain that the financial investments do not produce tasks for individuals below illegally.


Mr. Stenger. Legislator, I am a hands-on owner of a business, and I am on-property each and every single day. We have actually employed-- as I said, at the Height we had 550 construction employees on our task. The marching orders that I provided to my group is that we are to hire regional business in almost every circumstances to do every one of the building.


They are comprised 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 center. I recognize the workers, I recognize their family members, and we have had the ability to employ-- via these last 3 years of horrible economic turmoil, we have been able to use virtually every building employee in our region and the surrounding counties.

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locals. They live in the area. Their families exist. They are spent in the areas, and they are all U.S. employees. Legislator Grassley. You do not have to use e-verify, yet I wish to recognize whether you do. Mr. Stenger. We do. Legislator Grassley. You do.


Thanks. Mr. North, along the same lines of the inquiry I asked him, has your research shown instances other-- and I just offered one example, so I desire to confess that and be accountable about it-- of facilities working with undocumented individuals? Mr. North. That type of information is extremely difficult to get from USCIS, and I need to claim that what we do learn about a number of the interior aspects of that agency as much as this program is concerned connects to instances in which the staff has said no to an application of some kind and after that the local facility or the individual business owner has actually gone to the Administrative Appeals Office-- which is part of the agency-- and there we obtain documents, we obtain a hearing policeman informing us what is taking place in that certain case.




This is a bad application." So there is a quantity of poor applications around, yet only as soon as that procedure gets before a management regulation judge do we see much in the means of information. Now, there was one situation that you discussed, and allow me simply clarify on that a little.

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Mr - EB5 Regional Center Program. North. The dairy products ranch had actually asserted 17 employees, and they got right into it, and the judge located that 16 of them were illegals.


Okay. I am mosting likely to ask different questions of each of the three of you, but it takes care of this one issue. As I claimed in my opening statement, I am worried about the prospective technicality that permits capitalists to withdraw their financial investment in regional centers after obtaining their copyright.


Divine, are you familiar here with any type of instances in which a financier withdrew the investment and left right away after receiving a permit? And if you are, or if you believe it is a trouble, do you believe that it is a loophole that should be closed? Mr. Divine. I would certainly say that a lot of the financiers, if you asked them what are their goals, they would certainly state, "I wish to get a permit, and I desire to maintain it.


Mr. Divine. Allow me ask Mr. Stenger, is it usual for a financier in your experience to withdraw his or her financial investment right away after receiving a copyright? Mr.


Senator, legislator.