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And I have actually been happy to meet them and happy to invite them. Chairman Leahy. Additionally, as my last question, in a few of the testament today there has actually been an idea that, obviously, just with all the hundreds of billions, trillions of bucks prepared to spend, you must simply go someplace else.


Stenger. I would tell you that in this climate the capacity to raise capital for the points we are doing would certainly have-- it is impossible to do so in a fashion that would certainly allow us as successfully and as quickly produce the points we have actually done. You can obtain money if you have got 50 percent down.


I could have obtained half of that if I had the $12 million in cash to put up. Every person recognizes that, yes, financial institutions have money to funding as long as you have got half of it in your pocket prior to you request for the other half. That is not exactly how service functions nowadays.

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You are speaking from a real-world experience, not from a think container experience. I will leave that just as a gratuitous comment from the Chairman. Legislator Grassley. Legislator Grassley. Thank you. I wish to be responsible in this problem of undocumented employees. I intend to admit that we only have anecdotal info, yet I would such as to ask you to what level you have to go or do go to see to it that the facilities make certain that the investments do not produce work for individuals here illegally.


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


They are composed of 10, 15, 20, 30 employees. They are from our neighborhood counties. They are Vermonters. They are profiting straight from the financial investment. So we are a hands-on facility. I recognize the workers, I know their families, and we have been able to utilize-- with these last 3 years of dreadful financial turmoil, we have been able to use almost every construction employee in our region and the surrounding counties.

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locals. They live in the location. Their family members exist. They are spent in the areas, and they are all united state workers. Senator Grassley. You do not need to make use of e-verify, yet I wish to recognize whether or not you more helpful hints do. Mr. Stenger. We do. Legislator Grassley. You do.


Mr. North, along the exact same lines of the inquiry I asked him, has your research shown examples various other-- and I only provided one instance, so I desire to check my site admit that and be responsible regarding it-- of facilities employing undocumented people? Mr. EB5 Regional Center Program. North.




This is a bad application." There is an amount of poor applications out there, but only once that procedure obtains before an administrative law court do we see a lot in the method of detail. Now, there was one case that you pointed out, and allow me simply specify on that a little.

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


Okay. I am mosting likely to ask separate inquiries of each of the 3 of you, yet it handles this problem. As I stated in my opening statement, I am concerned about the prospective technicality that enables financiers to withdraw their financial investment in regional centers after obtaining their environment-friendly card.


Mr. Divine. I would certainly say that most of the financiers, if you asked them what are their goals, they would certainly state, "I want to get an environment-friendly card, and I desire to keep have a peek at this website it.


Mr. Divine. Allow me ask Mr. Stenger, is it common for a financier in your experience to withdraw his or her financial investment right away after receiving an eco-friendly card? Mr.


Senator, no.