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And I have been proud to meet them and proud to invite them. Chairman Leahy. Additionally, as my last concern, in several of the statement today there has actually been an idea that, certainly, just with all the numerous billions, trillions of bucks ready to invest, you must simply go elsewhere.


Stenger. I would inform you that in this environment the capability to raise resources for things we are doing would certainly have-- it is impossible to do so in a manner that would permit us as effectively and as rapidly create the important things we have actually done. You can borrow cash if you have actually got half down.


I might have borrowed fifty percent of that if I had the $12 million in cash money to set up. Everybody recognizes that, yes, financial institutions have money to funding as long as you have obtained half of it in your pocket prior to you request for the various other fifty percent. That is not exactly how business functions these days.

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You are talking from a real-world experience, not from a brain trust experience. I will certainly leave that merely as a gratuitous remark from the Chairman. Legislator Grassley. Senator Grassley. Thanks. I wish to be liable in this issue of undocumented employees. I intend to admit that we only have anecdotal details, however I would such as to ask you to what degree you have to go or do most likely to make certain that the facilities make sure that the financial investments do not develop tasks for individuals right here illegally.


Mr. Stenger. We have actually employed-- as I stated, at the Height we had 550 building and construction employees on our job.


They are composed of 10, 15, 20, 30 staff members. They are from our neighborhood areas. They are Vermonters. They are benefiting directly from the investment. So we are a hands-on facility. I understand the workers, I understand their family members, and we have actually had the ability to employ-- through these last 3 years of awful financial chaos, we have actually been able to employ virtually every building employee in our county and the bordering areas.

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locals. They stay in the area. Their family members are there. They are purchased the neighborhoods, and they are all united state workers. Legislator Grassley. You do not need to utilize e-verify, however I wish to understand whether you do. Mr. Stenger. We do. Senator Grassley. You do.


Thanks. Mr. North, along the very same lines of the inquiry I asked him, has your research shown instances other-- and I only provided one instance, so I intend to admit that and be responsible regarding it-- of centers hiring undocumented individuals? Mr. North. That sort of information is really tough to acquire from USCIS, and get more info I should state that what we do understand about a lot of the interior points about that firm regarding this program is concerned associates with situations in which the team has actually said no to an application of some kind and then the regional center or the specific entrepreneur has gone to the Administrative Appeals Office-- which becomes part of the company-- and there we get documents, we obtain a hearing policeman telling us what is taking place in that particular situation.




This is a poor application." So there is a quantity of poor applications out there, yet just once that process obtains prior to a management regulation judge do we see much in the means of information. Now, there was one case that you pointed out, and let me just clarify on that particular a bit.

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Mr - EB5 Regional Center Program. North. The dairy products farm had asserted 17 employees, and they got right into it, and the court found that 16 of them were illegals.


Okay. I am mosting likely to ask different questions of each of the 3 of you, however it deals with this one concern. As I claimed in my opening declaration, I am worried concerning the possible technicality that allows financiers to withdraw their financial investment in regional facilities after obtaining their permit.


Mr. Divine. I would state that many of the financiers, if you asked them what are their objectives, they would claim, "I want to get an eco-friendly card, and I want to maintain it.


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


Senator, no.