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And I have been honored to fulfill them and proud to invite them. Chairman Leahy. As my last question, in some of the statement this early morning there has actually been a recommendation that, of training course, simply with all the hundreds of billions, trillions of bucks ready to invest, you ought to just go someplace else.

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


I can have obtained half of that if I had the $12 million in money to install. Everybody knows that, yes, banks have cash to lending as long as you have obtained half of it in your pocket before you request for the other half. That is not just how service works these days.

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You are talking from a real-world experience, not from a brain trust experience. I will leave that simply as a gratuitous remark from the Chairman. Senator Grassley. Senator Grassley. Thanks. I wish to be accountable in this concern of undocumented employees. I intend to admit that we just have unscientific information, however I would certainly such as to ask you to what extent you have to go or do most likely to make certain that the centers make sure that the financial investments do not create jobs for individuals below illegally.


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


They are made up of 10, 15, 20, 30 employees. They are from our neighborhood areas. They are Vermonters. They are profiting directly from the investment. So we are a hands-on facility. I my review here recognize the employees, I recognize their households, and we have been able to employ-- through these last 3 years of terrible financial chaos, we have been able to use virtually every building and construction employee in our region and the surrounding counties.

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locals. They stay in the area. Their family members are there. They are purchased the communities, and they are all united state employees. Senator Grassley. You do not need to use e-verify, yet I would like to recognize whether or not you do. Mr. Stenger. We do. Senator Grassley. You do.


Mr. North, along the very same lines of the inquiry I asked him, has your study revealed instances various other-- and I just offered one instance, so I desire to confess that and be responsible about it-- of centers employing undocumented individuals? Mr. EB5 Regional Center Program. North.




This is a poor application." So there is a quantity of poor applications available, however only once that procedure obtains prior to a management legislation judge do we see much in the means of information. Now, there was one case that you mentioned, and allow me simply specify on that a little bit.

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Mr - EB5 Regional Center Program. North. The milk ranch had actually asserted 17 employees, and they got into it, and the judge found that 16 have a peek at this site of them were illegals.


Okay. I am going to ask separate inquiries of each of the 3 of you, yet it handles this one problem. As I said in my opening declaration, I am worried concerning the possible technicality that enables investors to withdraw their financial investment in local centers after receiving their permit.


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

Mr. Divine. Let me ask Mr. Stenger, is it usual for visit here a financier in your experience to withdraw his or her investment right away after receiving an environment-friendly card? Mr.


Senator, legislator.