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And I have been proud to satisfy them and pleased to invite them. Chairman Leahy. Also, as my last inquiry, in some of the testimony today there has actually been an idea that, certainly, just with all the numerous billions, trillions of bucks all set to spend, you should just go elsewhere.


Stenger. I would inform you that in this environment the capability to raise resources for things we are doing would have-- it is difficult to do so in a way that would allow us as properly and as swiftly produce the important things we have actually done. You can borrow money if you have actually got half down.


I might have borrowed fifty percent of that if I had the $12 million in cash to set up. Everybody knows that, yes, financial institutions have money to lending as long as you have actually got fifty percent of it in your pocket before you ask for the various other half. That is not just how service works nowadays.

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You are talking from a real-world experience, not from a think tank experience. I will leave that just as an unjustified comment from the Chairman. Senator Grassley. Legislator Grassley. Thanks. I wish to be liable in this concern of undocumented workers. I intend to confess that we just have unscientific info, yet I would like to ask you to what degree you need to go or do most likely to make certain that the facilities see to it that the financial investments do not develop work for people here illegally.


Mr. Stenger. We have employed-- as I said, 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 regional counties. They are Vermonters. They are benefiting straight from the financial investment. We are a hands-on facility. I understand the workers, I recognize their family members, and we have been able to utilize-- through these last 3 years of awful economic chaos, we have been able to use virtually every building and construction employee in our region and the surrounding areas.

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citizens. They live in the area. Their families are there. They are purchased the areas, and they are all united state workers. Legislator Grassley. You do not need to use e-verify, however I wish to understand whether you do. Mr. Stenger. We do. Legislator Grassley. You do.


Thank you. Mr. North, along the exact same lines of the concern I asked him, has your study shown examples other-- and I just offered one instance, so I intend to admit that and be liable concerning it-- of centers hiring undocumented people? Mr. North. That sort of data is extremely hard to get from USCIS, and I should state that what we do understand about a lot of the inner features discover this of that agency as for this program is concerned associates to situations in which the personnel has stated no to an application of some kind and afterwards the local facility or the private business owner has actually mosted likely to the Administrative Appeals Workplace-- which belongs to the firm-- and there we obtain documents, we obtain a hearing officer telling us what is going on because specific instance.




This is a bad application." There is an amount of poor applications out there, but just as soon as that procedure gets prior to a management regulation judge do we see a lot in the means of information. Now, there was one instance that you stated, and let me simply clarify on that a little.

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Mr - EB5 Regional Center Program. North. The dairy ranch had actually declared 17 workers, and they obtained right into it, and the judge discovered that 16 of them were illegals.


Okay. I am going to ask different inquiries of each of the 3 of you, but it takes care of this one problem. As I stated in my opening statement, I am worried concerning the prospective loophole that permits capitalists to withdraw their investment in regional facilities after getting their permit.


Divine, are you aware of any kind of instances in which an investor took out the investment and left immediately after obtaining a permit? And if you are, or if you think it is a trouble, do you believe that it is a technicality that should be shut? Mr. Divine. I would claim that the majority of the investors, if you asked what are their goals, they would certainly pop over to these guys say, "I wish to get a copyright, and I desire to keep it.


If I put my money in a resort growth-- Legislator Grassley. Can I think then that you are claiming that there does not need to be any changes made in that regard? Mr. Divine. I do not believe so. Legislator Grassley. Okay. Allow me ask Mr. Stenger, is it usual for an investor in your experience to withdraw his or her financial investment instantly after getting a permit? Mr.

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Legislator, no. Our programs call for that the capitalist be invested for a minimum of 5 years and be repaid only if the organization remains in a setting to do so at the end of that time. So we have the advantage of the funding to create business, obtain it here running, make it successful, assure that the jobs will be created and maintained, and then only if business is effective will there be a departure strategy for the investor.