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And I have been honored to meet them and pleased to invite them. Chairman Leahy. Also, as my last concern, in several of the testimony this morning there has actually been a recommendation that, certainly, just with all the numerous billions, trillions of bucks all set to invest, you ought to simply go somewhere else.


Stenger. I would certainly tell you that in this climate the capacity to raise funding for the important things we are doing would have-- it is difficult to do so in a fashion that would certainly permit us as properly and as rapidly develop things we have done. You can borrow cash if you have obtained 50 percent down.


I could have obtained half of that if I had the $12 million in cash to install. Everybody knows that, yes, financial institutions have money to finance as long as you have actually got half of it in your pocket before you request for the various other half. That is not how organization works nowadays.

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You are speaking from a real-world experience, not from a think storage tank experience. I will certainly leave that just as an unjustified remark from the Chairman. Senator Grassley. Senator Grassley. Thanks. I intend to be accountable in this issue of undocumented workers. I desire to admit that we only have unscientific details, but I want to ask you to what degree you need to go or do most likely to see to it that the facilities make certain that the investments do not produce work for individuals right here illegally.


Mr. Stenger. We have actually worked with-- as I said, at the Height we had 550 building and construction workers on our job.


They are composed of 10, 15, 20, 30 staff members. They are from our local counties. They are Vermonters. They are profiting directly from the investment. So we are a hands-on center. I understand the employees, I recognize their households, and we have had click here the ability to use-- via these last 3 years of dreadful financial chaos, we have been able to use almost every construction worker in our region and the surrounding counties.

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residents. They reside in the location. Their households are there. They are invested in the communities, and they are all U.S. employees. Senator Grassley. You do not need to make use of e-verify, however I would such as to recognize whether you do. Mr. Stenger. We do. Legislator Grassley. You do.


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




This is a negative application." So there is an amount of negative applications around, yet just when that process obtains prior to a management legislation judge do we see much in the way of information. Currently, there was one situation that you pointed out, and allow me simply elaborate on that particular a bit.

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Do not take too long because I intend to ask another couple questions. Go in advance and promptly coating. Mr. North. The milk ranch had actually claimed 17 workers, and they obtained right into it, and the judge located that 16 of them were illegals. Now, that is the one example I have, and it is an excellent instance.


Okay. I am mosting likely to ask different inquiries of each of the three of you, yet it handles this set issue. As I claimed in my opening declaration, I am concerned regarding the prospective technicality that enables investors to withdraw their investment in local facilities after receiving their environment-friendly card.


Mr. Divine. I would certainly say that many of the investors, if you asked them what are their objectives, they would claim, "I desire to get an environment-friendly card, and I desire to keep it.


If I place my money in a hotel development-- Senator Grassley. Can I think then that you are saying that there does not need to be any kind of modifications made in that regard? Mr. Divine. I do not assume so. Senator Grassley. Okay. Let me ask Mr. Stenger, is it typical for a capitalist in your experience to withdraw his or her financial investment immediately after getting an environment-friendly card? Mr.

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Legislator, no. Our programs need that the financier be invested for a minimum of 5 years and be paid back just if business remains in a placement to do so at the end of that time. We have the advantage of the resources to produce the company, get it running, make it successful, assure that the work will certainly be produced and kept, and then just if the service is successful will certainly there be a leave method for the investor.