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And I have actually been happy to fulfill them and proud to welcome them. Chairman Leahy. Additionally, as my last question, in some of the testimony today there has been a pointer that, obviously, just with all the numerous billions, trillions of dollars all set to invest, you should just go somewhere else.

Stenger. I would inform you that in this environment the capability to raise capital for the points we are doing would have-- it is impossible to do so in a manner that would certainly enable us as successfully and as rapidly create the points we have done. You can borrow cash if you have actually got 50 percent down.


I could have obtained fifty percent of that if I had the $12 million in cash to install. Every person understands that, yes, banks have cash to funding as long as you have obtained half of it in your pocket prior to you ask for the other fifty percent. That is not how business functions these days.

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You are talking from a real-world experience, not from a think container experience. I will leave that simply as an unjustified remark from the Chairman. Legislator Grassley. Senator Grassley. Thanks. I intend to be responsible in this problem of undocumented employees. I desire to admit that we only have unscientific information, however I want to ask you to what degree you need to go or do most likely to see to it that the centers ensure that the investments do not produce work for individuals here illegally.


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


They are composed of 10, 15, 20, 30 staff members. They are from our regional regions. They are Vermonters. They are benefiting straight from the financial investment. So we are a hands-on facility. I recognize the employees, I understand their family members, and we have actually had the ability to use-- through these last 3 years of awful financial chaos, we have had the ability to use almost every building worker in our county and the bordering regions.

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citizens. They reside in the area. Their households exist. They are bought the neighborhoods, and they are all U.S. workers. Legislator Grassley. You do not need to make use of e-verify, yet I want to know whether or not you do. Mr. Stenger. We do. Senator Grassley. You do.


Thanks. Mr. North, along the very same lines of the concern I asked him, has your study revealed examples other-- and I only offered one instance, so I want to admit that and be accountable concerning it-- of centers hiring undocumented people? Mr. North. That type of data is very difficult to acquire from USCIS, and I must claim that what we do find out about much of the interior aspects of that firm regarding this program is worried associates with situations in which the personnel has stated no to an application of some kind and after that the regional center or the individual entrepreneur has mosted likely to the Administrative Appeals Workplace-- which becomes part of the agency-- and there we obtain files, we obtain a hearing officer telling us what is going on in that certain instance.




This is a poor application." So there is a quantity of negative applications out there, but just as soon as that process gets before a management legislation court do we see much in the method of detail. Now, there was one case that you pointed out, and allow me just my review here elaborate on that a little.

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Mr - EB5 Regional Center Program. North. The milk ranch had declared 17 workers, and they got into it, and the judge found that 16 of them were illegals.


Okay. I am going to ask different inquiries of each of the 3 of you, yet it manages this set concern. As I stated in my opening statement, I am concerned concerning the possible technicality that enables investors to click for source withdraw their financial investment in regional facilities after getting their permit.


Divine, are you familiar with any kind of circumstances in which an investor withdrew the investment and left right away after receiving a permit? And if you are, or if you assume it is an issue, do you think that it is a technicality that should be closed? Mr. Divine. I blog here would certainly state that a lot of the capitalists, if you asked what are their objectives, they would claim, "I wish to obtain an eco-friendly card, and I want to maintain it.

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


Senator, no.