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And I have been honored to fulfill them and honored to welcome them. Chairman Leahy. As my last inquiry, in some of the testament this early morning there has been a recommendation that, of course, simply with all the hundreds of billions, trillions of bucks ready to invest, you should just go somewhere else.


Stenger. I would certainly tell you that in this environment the capacity to raise resources for the important things we are doing would certainly have-- it is impossible to do so in a way that would allow us as successfully and as swiftly produce things we have actually done. You can obtain cash if you have obtained 50 percent down.


I might have borrowed fifty percent of that if I had the $12 million in money to set up. Everyone knows that, yes, banks have money to car loan as long as you have actually obtained half of it in your pocket prior to you ask for the other fifty percent. That is not just how business functions nowadays.

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Senator Grassley. Legislator Grassley. I desire to confess that we only have anecdotal information, yet I would like to ask you to what extent you have to go or do go to make certain that the facilities make certain that the financial investments do not develop tasks for people here unlawfully.


Mr. Stenger. Senator, I am a hands-on owner of a business, and I am on-property each and every single day. We have hired-- as I said, at the Optimal we had 550 building and construction employees on our job. The marching orders that I offered to my team is that we are to hire local companies in almost every circumstances to do every one of the building and construction.


They are made up of 10, 15, 20, 30 staff members. They are from more info our neighborhood counties. They are Vermonters. They are profiting directly from the investment. So we are a hands-on facility. I recognize the workers, I recognize their family members, and we have had the ability to utilize-- with these last 3 years of awful financial turmoil, we have actually been able to use virtually every construction worker in our region and the surrounding areas.

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They are spent in the areas, and they are all United state employees. Legislator Grassley. Mr. Stenger.


Mr. North, along the very same lines of the concern I asked him, has your research study shown examples various other-- and I only provided one example, so I want to confess that and be accountable about it-- of facilities hiring undocumented individuals? Mr. EB5 Regional Center Program. North.




This is a poor application." There is an amount of bad applications out there, however just as soon as that procedure obtains before a management regulation court do we see a lot in the method of detail. Currently, there was one case that you mentioned, and let me just elaborate on that particular a little.

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Do not take too long because I wish to ask an additional pair concerns. Go in advance and quickly surface. Mr. North. The dairy ranch had claimed 17 employees, and they got involved in it, and the court discovered that 16 of them were illegals. Currently, that is the one example I have, and it is an example.


Okay. I am going to ask separate questions of each of the three of you, but it manages this problem. As I said in my opening declaration, I am concerned concerning the potential loophole that enables financiers to withdraw their investment in regional centers after getting their eco-friendly card.


Mr. Divine. I would certainly state that most of the financiers, if you asked them what are their objectives, they would certainly claim, "I desire to obtain a copyright, and I desire to keep it.


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


Senator, no.