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And I have been pleased to satisfy them and happy to invite them. Chairman Leahy. Additionally, as my last question, in a few of the statement today there has been an idea that, obviously, just with all the numerous billions, trillions of bucks prepared to spend, you need to just go elsewhere.


Stenger. I would certainly tell you that in this climate the ability to increase capital for the important things we are doing would have-- it is impossible to do so in a fashion that would allow us as efficiently and as quickly produce things we have done. You can borrow cash if you have actually got half down.


I can have borrowed fifty percent of that if I had the $12 million in cash money to set up. Everybody knows that, yes, financial institutions have money to financing as long as you have obtained fifty percent of it in your pocket before you request the other half. That is not exactly how company works nowadays.

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You are talking from a real-world experience, not from a think tank experience. I will certainly leave that just as a gratuitous remark from the Chairman. Legislator Grassley. Senator Grassley. Thanks. I desire to be liable in this issue of undocumented workers. I wish to admit that we just have anecdotal information, but I would love to ask you to what extent you need to go or do go to make certain that the centers make certain that the investments do not develop tasks for people right here illegally.


Mr. Stenger. Senator, I am a hands-on owner of a service, and I am on-property each and every single day. We have hired-- as I stated, at the Top we had 550 construction employees on our task. The marching orders that I offered to my team is that we are to employ neighborhood business in nearly every instance to do every one of the building.


They are made up of 10, 15, 20, 30 workers. They are profiting directly from the investment. I recognize the employees, I recognize their households, and we have actually been able to employ-- with these last 3 years of terrible financial turmoil, we have been able to employ nearly every building and construction employee in our county and the bordering areas.

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homeowners. They live in the area. Their families are there. They are spent in the neighborhoods, and they are all U.S. employees. Legislator Grassley. You do not need to use e-verify, however I would certainly like to understand whether you do. Mr. Stenger. We do. Senator Grassley. You do.


Mr. North, along the same lines of the question I asked him, has your research study revealed examples other-- and I just provided one instance, so I desire to admit that and be accountable regarding it-- of centers hiring undocumented individuals? Mr. EB5 Regional Center Program. North.




This is a negative application." So there is a quantity of negative applications available, yet just once that process obtains before an administrative legislation court do we see a lot in the means of detail. Currently, there was one instance that you stated, and allow me just specify on that a bit.

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Do not take as well long because I wish to ask another couple questions. Yet go on and promptly coating. Mr. North. The dairy farm had claimed 17 workers, and they got involved in it, and the court discovered that 16 of them were illegals. Now, that is the one instance I have, and it is an example.


Okay. I am mosting likely to ask different questions of each of the three of you, but it takes care of this issue. As I claimed in my opening declaration, I am worried concerning the potential loophole that permits financiers to withdraw their investment in regional facilities after obtaining their permit.


Divine, are you familiar with any kind of circumstances in which a financier withdrew the financial investment and left promptly after receiving an eco-friendly card? And if you are, or if you assume it is a problem, do you believe that it is a technicality that should be closed? Mr. Divine. I would certainly state that a lot of the investors, if you asked what are their goals, they would certainly claim, "I wish to get a permit, and I wish to keep it.


If I place my cash in a hotel advancement-- Senator Grassley. Can I think then that you are stating that there does not need to be any modifications made in that regard? Mr. Divine. I do not believe so. Legislator Grassley. Okay. Let me ask Mr. Stenger, is it usual for an investor in your experience to withdraw his or her financial investment promptly after receiving a permit? Mr.

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Senator, no. Our programs check here call for that the financier be spent for a minimum of 5 years and be repaid only if the business is in a placement to do so at the end of that time. So we have the benefit of the capital to create the company, get it running, make it effective, ensure that the jobs will be created and maintained, and after that only if business succeeds will there be a leave technique for the financier.