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And I have actually been pleased to meet them and proud to invite them. Chairman Leahy. Additionally, as my last concern, in a few of the testimony this morning there has actually been a recommendation that, of training course, simply with all the hundreds of billions, trillions of dollars ready to spend, you ought to simply go elsewhere.


Stenger. I would certainly tell you that in this environment the capability to elevate capital for the important things we are doing would have-- it is impossible to do so in a way that would permit us as properly and as quickly produce the points we have done. You can obtain money if you have actually got 50 percent down.


I can have obtained fifty percent of that if I had the $12 million in cash to place up. Every person knows that, yes, financial institutions have money to funding as long as you have obtained fifty percent of it in your pocket prior to you request for the other half. That is not just how service functions these days.

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You are talking from a real-world experience, not from a think container experience. I will certainly leave that merely as a gratuitous comment from the Chairman. Legislator Grassley. Senator Grassley. Thanks. I want to be responsible in this problem of undocumented employees. I desire to admit that we just have anecdotal information, however I want to ask you to what degree you have to go or do go to ensure that the centers ensure that the investments do not create tasks for individuals here illegally.


Mr. Stenger. We have actually employed-- as I claimed, at the Peak we had 550 building and construction workers on our task.


They are made up of 10, 15, 20, 30 workers. They are benefiting straight from the financial investment. I understand the workers, I recognize their families, and we have actually been able to employ-- with these last 3 years of dreadful financial turmoil, we have actually been able to employ practically every building and construction employee in our area and the bordering areas.

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locals. They stay in the area. Their family members exist. They are bought the communities, and they are all U.S. workers. Legislator Grassley. You do not need to make use of e-verify, but I wish to recognize whether or not you do. more info Mr. Stenger. We do. Legislator Grassley. You do.


Thanks. Mr. North, along the exact same lines of the inquiry I asked him, has your study revealed instances various other-- and I only offered one example, so I wish to confess that and be responsible concerning it-- of facilities working with undocumented individuals? Mr. North. That type of data is extremely hard to obtain from USCIS, and I must say that what we do understand about a number of the inner aspects of that agency as for this program is concerned connects to cases in which the personnel has actually stated no to an application of some kind and after that the regional facility or the private entrepreneur has actually gone to the Administrative Appeals Workplace-- which is part of the firm-- and there we obtain papers, we get a hearing police officer telling us what is taking place because particular case.




This is a negative application." There is a quantity of bad applications out there, however only when that process obtains before an administrative law judge do we see a lot in the way of information. Now, there was one instance that you discussed, and allow me just clarify on that a little bit.

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Mr - EB5 Regional Center Program. North. The dairy products farm had actually declared 17 workers, and they obtained into it, and the court found that 16 of them were illegals.


Okay. I am mosting likely to ask separate concerns of each of the three of you, however it deals with this one problem. As I claimed in my opening statement, I am concerned concerning the potential technicality that allows investors to withdraw their financial investment in local facilities after getting their copyright.


Divine, are you mindful of any kind of instances in which an investor withdrew the investment and strolled away immediately after receiving a permit? And if you are, or if you assume it is a trouble, do you assume that it is a technicality that should be closed? Mr. Divine. I would state that the majority of the financiers, if you asked them what are their goals, they would claim, "I wish to obtain an environment-friendly card, and I wish to maintain it.


Mr. Divine. Let me ask Mr. Stenger, is it common for a financier in your experience to withdraw his or her financial investment promptly after obtaining a copyright? Mr.


Senator, no.