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And I have actually been proud to fulfill them and proud to invite them. Chairman Leahy. As my last question, in some of the statement this early morning there has been a tip that, of program, simply with all the hundreds of billions, trillions of dollars all set to invest, you should just go somewhere else.


Stenger. I would inform you that in this climate the capacity to raise capital for the important things we are doing would certainly have-- it is difficult to do so in a manner that would allow us as properly and as rapidly produce the points we have actually done. You can obtain cash if you have actually obtained half down.


I can have borrowed half of that if I had the $12 million in cash money to install. Everyone understands that, yes, banks have cash to funding as long as you have actually obtained half of it in your pocket prior to you request for the various other half. That is not just how company functions nowadays.

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You are speaking from a real-world experience, not from a brain trust experience. I will leave that just as an unjustified comment from the Chairman. Senator Grassley. Senator Grassley. Thank you. I wish to be responsible in this concern of undocumented workers. I want to admit that we only have unscientific details, but I would love to ask you to what level you need to go or do most likely to make certain that the facilities make certain that the financial investments do not produce work for people below unlawfully.


Mr. Stenger. We have actually worked with-- as I claimed, at the Top we had 550 building workers on our project.


They are made up of 10, 15, 20, 30 employees. They are benefiting directly from the financial investment. I recognize the workers, I know their households, and we have been able to employ-- via these last 3 years of dreadful economic turmoil, we have actually been able to employ nearly every building worker in our region see this here and the surrounding regions.

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citizens. They stay in the area. Their households are there. They are bought the areas, and they are all U.S. employees. Legislator Grassley. You do not have to use e-verify, yet I want to understand whether or not you do. Mr. Stenger. We do. Legislator Grassley. You do.


Thank you. Mr. North, along the same lines of the concern I asked him, has your research shown instances various other-- and I only provided one example, so I wish to confess that and be responsible about it-- of centers hiring undocumented people? Mr. North. That sort of data is very difficult to get from USCIS, and I have to say that what we do learn about most of the internal aspects of that agency as for this program is worried connects to instances in which the team has said no to an application of some kind and after that the local facility or the specific entrepreneur has actually gone to the find more information Administrative Appeals Office-- which is part of the company-- and there we obtain documents, we get a hearing police officer telling us what is going on because particular instance.




This is a negative application." There is a quantity of bad applications out there, but only when that procedure gets prior to an administrative law court do we see much in the way of detail. Currently, there was one instance that you mentioned, and let me simply clarify on that particular a little bit.

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Mr - EB5 Regional Center Program. North. The milk farm 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 separate inquiries of each of the three of you, but it takes care of this problem. As I said in my opening declaration, I am worried concerning the possible technicality that permits investors to withdraw their investment in local facilities after obtaining their environment-friendly card.


Mr. Divine. I would certainly say that most of the financiers, if you asked them what are their objectives, they would claim, "I desire to get a copyright, and I want to keep it.


If I put my cash in a resort check my blog development-- Legislator Grassley. Can I think then that you are saying that there does not need to be any type of changes made in that respect? Mr. Divine. I do not believe so. Senator Grassley. Okay. Allow me ask Mr. Stenger, is it typical for a capitalist in your experience to withdraw his/her investment quickly after getting a permit? Mr.

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Senator, no. Our programs need that the capitalist be invested for a minimum of 5 years and be paid back just if the company is in a position to do so at the end of that time. So we have the benefit of the funding to create business, obtain it running, make it successful, ensure that the work will be developed and maintained, and afterwards only if the business succeeds will there be a leave approach for the financier.