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And I have been proud to fulfill them and happy to invite them. Chairman Leahy. Likewise, as my last inquiry, in some of the testament this morning there has actually been an idea that, of course, simply with all the numerous billions, trillions of bucks ready to spend, you need to just go someplace else.


Stenger. I would certainly inform you that in this environment the capability to elevate resources for the points we are doing would have-- it is difficult to do so in a fashion that would certainly enable us as successfully and as swiftly develop the points we have done. You can obtain cash if you have actually got 50 percent down.


I can have obtained fifty percent of that if I had the $12 million in money to put up. Everyone knows that, yes, banks have money to financing as long as you have obtained half of it in your pocket before you ask for the various other half. That is not how business functions nowadays.

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You are speaking from a real-world experience, not from a think container experience. I will certainly leave that just as an unjustified remark from the Chairman. Legislator Grassley. Senator Grassley. Thanks. I wish to be liable in this issue of undocumented employees. I want to confess that we only have anecdotal details, however I want to ask you to what degree you have to go or do most likely to make certain that the facilities make certain that the investments do not create jobs for individuals below unlawfully.


Mr. Stenger. We have actually hired-- as I said, at the Top we had 550 construction employees on our project.


They are composed of 10, 15, 20, 30 staff members. They are from our neighborhood counties. They are Vermonters. They are profiting directly from the financial investment. We are a hands-on center. I understand the workers, I recognize their families, and we have actually been able to use-- with these last 3 years of horrible financial chaos, we have actually been able to utilize virtually every building employee in our region and the surrounding regions.

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They are invested in the areas, and they are all United state employees. Senator Grassley. Mr. Stenger.


Thanks. Mr. North, along the same lines of the question I asked him, has your study revealed examples other-- and I just gave one example, so I intend to admit that and be accountable about it-- of facilities hiring undocumented individuals? Mr. North. That sort of information is very tough to get from USCIS, and I must say that what we do understand about a number of the inner aspects of that agency as much as this program is concerned connects to instances in which the staff has stated no to an application of some kind and after that the regional center or the private business owner has mosted likely to the Administrative Appeals Workplace-- which is component of the agency-- and there we get documents, we obtain a hearing find out here now officer telling us what is taking place because particular situation.




This is a bad application." So there is a quantity of bad applications out there, but only as soon as that procedure obtains before an administrative law court do we see a lot in the way of information. Now, there was one case that you mentioned, and allow me just specify on that particular a bit.

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Mr - EB5 Regional Center Program. North. The milk farm had actually claimed 17 workers, and they got into it, and the judge located that 16 of them were illegals.


Okay. I am going to ask separate questions of each of the 3 of you, yet it manages this set concern. As I claimed in my opening declaration, I am concerned about the possible technicality that enables financiers to why not try these out withdraw their investment in local facilities after getting their eco-friendly card.


Mr. Divine. I would certainly say that most of the capitalists, if you asked them what are their goals, they would certainly say, "I want to get a copyright, and I want to maintain it.


Mr. Divine. Let me ask Mr. Stenger, is it common for an investor in your experience to withdraw my sources his or her financial investment quickly after obtaining a copyright? Mr.


Senator, no.