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And I have been proud to fulfill them and pleased to invite them. Chairman Leahy. As my last inquiry, in some of the statement this early morning there has actually been a suggestion that, of course, simply with all the hundreds of billions, trillions of dollars prepared to invest, you must just go someplace else.


Stenger. I would tell you that in this climate the capacity to increase capital for things we are doing would have-- it is impossible to do so in a manner that would permit us as successfully and as quickly develop things we have done. You can obtain money if you have actually got half down.


I could have borrowed fifty percent of that if I had the $12 million in cash to install. Every person knows that, yes, banks have cash to loan as long as you have obtained fifty percent of it in your pocket before you request for the various other half. That is not exactly how service functions nowadays.

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You are talking from a real-world experience, not from a think container experience. I will leave that just as a gratuitous comment from the Chairman. Senator Grassley. Legislator Grassley. Thank you. I intend to be liable in this problem of undocumented workers. I wish to confess that we only have unscientific info, but I would such as to ask you to what level you need to go or do most likely to see to it that the facilities make certain that the investments do not create jobs for people below unlawfully.


Mr. Stenger. We have actually worked with-- as I said, at the Top we had 550 building workers on our task.


They are composed of 10, 15, 20, 30 workers. They are from our neighborhood areas. They are Vermonters. They are profiting directly from the investment. We are a hands-on facility. I know the employees, I know their households, and we have had the ability to employ-- through these last 3 years of dreadful financial chaos, we have actually had the ability to employ practically every construction worker in our county and the surrounding regions.

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homeowners. They stay in the location. Their households are there. They are spent in the neighborhoods, and they are all united state employees. Legislator Grassley. You do not need to use e-verify, but I would such as to recognize whether you do. Mr. Stenger. We do. Senator Grassley. You do.


Mr. North, along the same lines of the question I asked him, has your research revealed instances various other-- and I just gave one instance, so I want to confess that and be liable regarding it-- of centers employing undocumented people? Mr. EB5 Regional Center Program. North.




This is a negative application." So there is an amount of negative applications out there, however just as soon as that process gets prior to an administrative regulation court do we see much in the method of information. Currently, there was one instance that you stated, and allow me just elaborate on that a little.

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Do not take too long due to the fact that I intend to ask an additional pair questions. Go in advance and swiftly finish. Mr. North. The milk ranch had claimed 17 workers, and they got involved in it, and the judge found 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 three of you, yet it manages this concern. As I said in my opening EB5 Regional Center Program statement, I am worried about the possible technicality that allows capitalists to withdraw their investment in local facilities after getting their permit.


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


If I put my cash in a hotel development-- Legislator Grassley. Can I assume then that you are saying that there does not require to be any kind of adjustments made in that respect? Mr. Divine. I do not believe so. Legislator Grassley. Okay. Let me ask Mr. Stenger, is it typical for a capitalist in your experience to withdraw his or her financial investment quickly after obtaining a permit? Mr.

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Senator, no. Our programs call for that the investor be invested for a minimum of 5 years and be paid back just if the organization remains in a position to do so at the end of that time. We have the advantage of the funding to create the service, get it running, make it effective, assure that the work will be produced and kept, and after that only if the organization is successful will there be an exit strategy for the capitalist.