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And I have actually been pleased to meet them and pleased to invite them. Chairman Leahy. Also, as my last question, in a few of the testament today there has actually been an idea that, certainly, just with all the numerous billions, trillions of bucks ready to invest, you must just go elsewhere.


Stenger. I would certainly inform you that in this environment the capability to raise capital for things we are doing would certainly have-- it is impossible to do so in a manner that would certainly permit us as properly and as rapidly develop things we have done. You can obtain cash if you have actually got half down.


I can have borrowed half of that if I had the $12 million in cash money to set up. Everybody knows that, yes, banks have money to lending as long as you have actually obtained half of it in your pocket prior to you request the other fifty percent. That is not how business functions these days.

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You are talking from a real-world experience, not from a think tank experience. I will certainly leave that merely as a gratuitous remark from the Chairman. Legislator Grassley. Senator Grassley. Thank you. I intend to be liable in this issue of undocumented workers. I desire to admit that we only have anecdotal details, but I want to ask you to what extent you have to go or do most likely to make sure that the centers ensure that the investments do not develop work for people right here unlawfully.


Mr. Stenger. We have hired-- as I said, at the Top we had 550 building workers on our job.


They are comprised of 10, 15, 20, 30 workers. They are from our regional regions. They are Vermonters. They are benefiting directly from the financial investment. We are a hands-on facility. I understand the workers, I know their families, and we have actually been able to utilize-- through these last 3 years of awful economic turmoil, we have actually had the ability to use virtually every building and construction worker in our county and the surrounding counties.

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residents. They live in the location. Their families exist. They are purchased the areas, and they are all U.S. employees. Senator Grassley. You do not have to make use of e-verify, however I wish to understand whether you do. Mr. Stenger. We check out this site do. Senator Grassley. You do.


Thank you. Mr. North, along the very same lines of the question I asked him, has your research study revealed examples various other-- and I just gave one instance, so I intend to admit that and be liable about it-- of centers working with undocumented individuals? Mr. North. That type of information is very difficult to get from USCIS, and I should claim that what we do find out about much of the internal aspects of that firm as far view it now as this program is worried connects to cases in which the personnel has actually claimed no to an application of some kind and after that the regional center or the individual business owner has actually mosted likely to the Administrative Appeals Office-- which is part of the firm-- and there we get records, we get a hearing officer informing us what is going on in that particular instance.




This is a bad application." So there is an amount of negative applications available, yet just when that process obtains before a management regulation court do we see much in the way of information. Now, there was one case that you mentioned, and allow me simply elaborate on that a bit.

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


Okay. I am going to ask different concerns of each of the 3 of you, yet it manages this set issue. As I stated in my opening statement, I am worried regarding the possible loophole that enables capitalists to withdraw their investment in regional facilities after getting go to these guys their environment-friendly card.


Divine, are you mindful of any kind of instances in which a capitalist took out the investment and walked away immediately after obtaining a copyright? And if you are, or if you believe it is a trouble, do you assume that it is a technicality that should be shut? Mr. Divine. I would certainly state that many of the financiers, if you asked them what are their goals, they would state, "I want to obtain a permit, and I intend to keep it.


Mr. Divine. Allow me ask Mr. Stenger, is it typical for an investor in your experience to withdraw his or her financial investment promptly after getting a copyright? Mr.


Senator, no.