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And I have been pleased to meet them and happy to invite them. Chairman Leahy. Additionally, as my last question, in some of the testament this early morning there has actually been a tip that, obviously, just with all the numerous billions, trillions of dollars all set to invest, you need to just go somewhere else.


Stenger. I would certainly tell you that in this environment the capability to increase capital for things we are doing would certainly have-- it is impossible to do so in a way that would enable us as successfully and as swiftly produce things we have actually done. You can borrow money if you have actually got half down.


I might have obtained half of that if I had the $12 million in cash money to set up. Everyone understands that, yes, banks have money to financing as long as you have actually obtained half of it in your pocket prior to you request for the other fifty percent. That is not exactly how organization works these days.

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You are speaking from a real-world experience, not from a brain trust experience. I will certainly leave that simply as a gratuitous remark from the Chairman. Senator Grassley. Senator Grassley. Thank you. I wish to be liable in this concern of undocumented workers. I want to confess that we only have anecdotal info, however I wish to ask you to what degree you need to go or do most likely to make sure that the centers make certain that the financial investments do not create jobs for people right here unlawfully.


Mr. Stenger. We have employed-- as I said, at the Top we had 550 building employees on our task.


They are made up of 10, 15, 20, 30 staff members. They are profiting directly from the financial investment. I recognize the employees, I know their households, and we have been able to employ-- with these last 3 years of dreadful financial turmoil, we have actually been able to employ nearly every construction worker in our area and the bordering counties.

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They are invested in the communities, and they are all U.S. workers. Legislator Grassley. Mr. Stenger.


Thank you. Mr. North, along the exact same lines of the question I asked him, has your study shown instances various other-- and I only gave one example, so I wish to confess that and be responsible regarding it-- of facilities working with undocumented individuals? Mr. North. That kind of data is extremely hard to obtain from USCIS, and I should say that what we do understand around most of the interior things regarding that agency as for this program is worried associates to cases in which the staff try here has actually claimed no to an application of some kind and after that the local center or the individual entrepreneur has actually mosted likely to the Administrative Appeals Office-- which becomes part of the agency-- and there we get papers, we get a hearing police officer informing us what is taking place because specific situation.




This is a negative application." So there is a quantity of bad applications around, however only when that process obtains prior to an administrative regulation judge do we see a lot in the method of information. Currently, there was one instance that you discussed, and let me just specify on that a bit.

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


Okay. I am going to ask separate inquiries of each of the three of you, yet it takes care of this one concern. As I said in my opening statement, I am concerned regarding the possible technicality that permits capitalists to withdraw their investment in local centers after getting their environment-friendly card.


Divine, are you familiar with any type of instances Get the facts in which a financier withdrew the investment and left quickly after getting an eco-friendly card? And if you are, or if you think it is a problem, do you assume that it is a technicality that should be shut? Mr. Divine. I would certainly state that the majority of the investors, if you asked them what are their goals, they would say, "I desire to get a permit, and I look here want to keep it.


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


Senator, legislator.