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And I have been happy to fulfill them and pleased to welcome them. Chairman Leahy. Likewise, as my last concern, in a few of the testament this early morning there has actually been a tip that, naturally, just with all the thousands of billions, trillions of bucks prepared to invest, you must simply go elsewhere.


Stenger. I would inform you that in this environment the capacity to raise funding for the important things we are doing would have-- it is difficult to do so in a fashion that would enable us as efficiently and as promptly produce the important things we have done. You can borrow cash if you have got 50 percent down.


I could have borrowed half of that if I had the $12 million in cash money to set up. Every person understands that, yes, financial institutions have cash to funding as long as you have actually obtained half of it in your pocket prior to you ask for the various other fifty percent. That is not how business works nowadays.

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You are talking from a real-world experience, not from a brain trust experience. I will leave that merely as an unjustified comment from the Chairman. Senator Grassley. Senator Grassley. Thanks. I desire to be accountable in this problem of undocumented workers. I intend to admit that we just have anecdotal information, however I wish to ask you to what extent you have to go or do go to see to it that the facilities make sure that the financial investments do not create work for individuals right here unlawfully.


Mr. Stenger. We have hired-- as I stated, at the Height we had 550 construction employees on our job.


They are made up of 10, 15, 20, 30 workers. They are from our local regions. They are Vermonters. They are benefiting straight from the financial investment. We are a hands-on facility. I recognize the workers, I recognize their families, and we have had the ability to utilize-- via these last 3 years of terrible financial chaos, we have had the ability to employ nearly every construction worker in our region and the surrounding regions.

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They are you could try these out invested in the areas, and they are all U.S. employees. Senator Grassley. Mr. Stenger.


Thank you. Mr. North, along the same lines of the concern I asked him, has your study shown examples various other-- and I only gave one instance, so I Full Report intend to admit that and be accountable concerning it-- of centers hiring undocumented people? Mr. North. That kind of information is extremely tough to get from USCIS, and I need to state that what we do know about a lot of the inner aspects of that company as for this program is worried relates to situations in which the team has said no to an application of some kind and afterwards the local center or the private business owner has gone to the Administrative Appeals Office-- which becomes part of the agency-- and there we obtain papers, we get a hearing policeman telling us what is going on in that specific situation.




This is a negative application." So there is a quantity of poor applications available, however only as soon as that procedure gets before a management legislation judge do we see much in the means of information. Currently, there was one instance that you mentioned, and allow me simply elaborate on that particular a little.

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


Okay. I am mosting likely to ask separate concerns of each of the 3 of you, yet it takes care of this problem. As I said in my opening statement, I like it am worried about the prospective technicality that allows capitalists to withdraw their investment in local facilities after obtaining their eco-friendly card.


Mr. Divine. I would state that many of the capitalists, if you asked them what are their goals, they would claim, "I desire to obtain a copyright, and I desire to maintain it.


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


Senator, no.