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And I have been happy to fulfill them and happy to invite them. Chairman Leahy. Likewise, as my last inquiry, in a few of the statement today there has actually been a tip that, obviously, simply with all the hundreds of billions, trillions of bucks ready to invest, you must simply go elsewhere.


Stenger. I would certainly tell you that in this environment the ability to increase funding for the things we are doing would certainly have-- it is difficult to do so in a manner that would certainly permit us as successfully and as promptly develop the important things we have done. You can obtain cash if you have obtained 50 percent down.


I could have borrowed half of that if I had the $12 million in cash to install. Everyone knows that, yes, banks have money to loan as long as you have actually got fifty percent of it in your pocket prior to you request the various other half. 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 simply as a gratuitous remark from the Chairman. Legislator Grassley. Senator Grassley. Thank you. I intend to be responsible in this problem of undocumented employees. I intend to admit that we only have unscientific details, but I want to ask you to what extent you have to go or do go to ensure that the centers make certain that the investments do not produce jobs for individuals right here illegally.


Mr. Stenger. Legislator, I am a hands-on proprietor of a business, and I am on-property every day. We have worked with-- as I claimed, at the Optimal we had 550 building and construction employees on our task. The marching orders that I gave to my team is that we are to work with neighborhood firms in practically every circumstances to do every one of the construction.


They are made up of 10, 15, 20, 30 employees. They are from our regional counties. They are Vermonters. They are profiting directly from the financial investment. So we are a hands-on facility. I recognize the employees, I know their family members, and we have actually been able to use-- via these last 3 years of terrible economic chaos, we have actually been able to use almost every building and construction worker in our region and the bordering areas.

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homeowners. They reside in the location. Their households exist. They are invested in the areas, and they are all U.S. employees. Senator Grassley. You do not need to make use of e-verify, however I would love to understand whether or not you do. Mr. Stenger. We do. Legislator Grassley. You do.


Mr. North, along the exact same lines of the question I asked him, has your study shown examples various other-- and I only provided one instance, so I want to confess that and be responsible regarding it-- of facilities working with undocumented individuals? Mr. EB5 Regional Center Program. North.




This is a poor application." So there is an amount of negative applications out there, however just when that procedure obtains prior to an administrative law court do we see a lot in the method of detail. Currently, there was one case that you discussed, and let me simply specify on that particular a little bit.

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Do not take as well long due to the fact that I intend to ask one more pair inquiries. But go on and quickly surface. Mr. North. The milk ranch had actually claimed 17 workers, and they entered into it, and the judge discovered that 16 of them were illegals. Now, that is the one instance I have, and it is a fine example.


Okay. I am going to ask different inquiries of each of the 3 of you, but it manages this one issue. As I claimed in my opening statement, I am concerned about the possible technicality that enables financiers to withdraw their investment in local centers after receiving their environment-friendly card.


Mr. Divine. I would state that many of the capitalists, if you asked them what are their goals, they here would claim, "I want to obtain an eco-friendly card, and I desire to maintain it.


Mr. Divine. Let me ask Mr. Stenger, is it typical for an investor in your experience to withdraw his or her investment right away after receiving a copyright? Mr.


Senator, legislator.