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And I have actually been happy to satisfy them and proud to invite them. Chairman Leahy. Likewise, as my last question, in some of the testament today there has actually been a tip that, naturally, simply with all the thousands of billions, trillions of dollars prepared to spend, you should just go someplace else.


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Stenger. I would tell you that in this environment the capacity to raise resources for the points we are doing would have-- it is difficult to do so in a fashion that would permit us as efficiently and as quickly produce the important things we have done. You can borrow money if you have actually got 50 percent down.


I could have borrowed half of that if I had the $12 million in cash to set up. Everyone knows that, yes, banks have cash to finance as long as you have obtained fifty percent of it in your pocket before you request the other half. That is not just how company functions these days.


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Legislator Grassley. Legislator Grassley. I want to confess that we just have anecdotal information, however I would certainly such as to ask you to what degree you have to go or do go to make certain that the centers make sure that the investments do not develop tasks for people below illegally.


Mr. Stenger. We have hired-- as I claimed, at the Top we had 550 construction workers on our job.


They are made up of 10, 15, 20, 30 employees. They are benefiting straight from the financial investment. I recognize the workers, I know their families, and we have actually been able to use-- via these last 3 years of awful economic turmoil, we have been able to employ nearly every building and construction worker in our region and the surrounding regions.


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residents. They reside in the area. Their family members exist. They are purchased the areas, and they are all united state workers. Senator Grassley. You do not have to utilize e-verify, however I would certainly such as to know whether or not you do. Mr. Stenger. We do. Senator Grassley. You do.


Thank you. Mr. North, along the same lines of the inquiry I asked him, has your research study shown examples various other-- and I just offered one instance, so I wish to confess that and be responsible regarding it-- of centers hiring undocumented people? Mr. North. That sort of information is really difficult to acquire from USCIS, and I have to state that what we do know around a lot of the internal aspects of that agency as for this program is concerned connects to site link instances in which the staff has actually stated no to an application of some kind and then the local facility or the specific business owner has gone to the Administrative Appeals Office-- which is part of the firm-- and there we obtain papers, we get a hearing officer telling us what is taking place in that particular case.




This is a bad application." There is a quantity of negative applications out there, however only once that process obtains prior to a management legislation judge do we see a lot in the way special info of detail. Currently, there was one case that you pointed out, and let me just elaborate on that a little bit.


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EB5 Regional Center ProgramEB5 Regional Center Program


Do not take also long due to the fact that I want to ask an additional couple questions. Yet proceed and promptly finish. Mr. North. The milk farm had declared 17 employees, and they got involved in it, and the court located 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 separate concerns of each of the 3 of you, however it manages this set issue. As I said in my opening statement, I am worried about the potential technicality that permits investors to withdraw their financial investment in regional facilities after receiving their copyright.


Mr. Divine. I would claim that most of the capitalists, if you asked them what are their objectives, they would check this site out state, "I desire to get an eco-friendly card, and I desire to maintain it.


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Mr. Divine. Allow me ask Mr. Stenger, is it typical for an investor in your experience to withdraw his or her investment immediately after obtaining an eco-friendly card? Mr.


Senator, no.

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