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And I have actually been happy to fulfill them and pleased to welcome them. Chairman Leahy. As my last question, in some of the testament this early morning there has been a suggestion that, of training course, just with all the hundreds of billions, trillions of bucks all set to invest, you must just go somewhere else.


Stenger. I would certainly tell you that in this environment the capacity to increase funding for the important things we are doing would have-- it is difficult to do so in a way that would permit us as properly and as quickly develop things we have done. You can obtain money if you have got 50 percent down.


I could have borrowed half of that if I had the $12 million in cash money to set up. Every person knows that, yes, financial institutions have cash to funding as long as you have got half of it in your pocket prior to you request the other half. That is not exactly how company functions nowadays.

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Senator Grassley. Senator Grassley. I desire to admit that we just have anecdotal details, but I would certainly such as to ask you to what degree you have to go or do go to make sure that the centers make certain that the financial investments do not produce work for people below unlawfully.


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


They are made up of 10, 15, 20, 30 employees. They are benefiting directly from the investment. I understand the employees, I recognize their families, and we have been able to utilize-- with these last 3 years of awful financial turmoil, we have been able to use practically every building and construction worker in our region and the bordering counties.

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homeowners. They reside in the location. Their households are there. They are purchased the areas, over at this website and they are all united state workers. Senator Grassley. You do not need to utilize e-verify, yet I would such as to understand whether you do. Mr. Stenger. We do. Legislator Grassley. You do.


Mr. North, along the exact same lines of the concern I asked him, has your research study revealed instances other-- and I just offered one instance, so I want to admit that and be accountable about it-- of centers employing undocumented people? Mr. EB5 Regional Center Program. North.




This is a bad application." There is a quantity of bad applications out there, yet only as soon as that process gets before a management regulation court do we see a lot in the way of detail. Now, there was one case that you discussed, and allow me simply elaborate on that a little.

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Do not take too long since I intend to ask an additional couple concerns. But her comment is here go in advance and quickly coating. Mr. North. The dairy ranch had declared 17 workers, and they entered into it, and the judge located that 16 of them were illegals. Currently, that is the one instance I have, and it is an example.


Okay. I am mosting likely to ask separate inquiries of each of the 3 of you, however it takes care of this one concern. As I claimed in my opening statement, I am concerned concerning the possible technicality that allows financiers to withdraw their investment in local centers after getting their permit.


Divine, are you familiar with any kind of instances in which like this a financier withdrew the financial investment and walked away instantly after receiving an eco-friendly card? And if you are, or if you assume it is an issue, do you assume that it is a loophole that should be closed? Mr. Divine. I would certainly state that a lot of the financiers, if you inquired what are their objectives, they would certainly say, "I wish to obtain an environment-friendly card, and I wish to maintain it.


Mr. Divine. Let me ask Mr. Stenger, is it usual for an investor in your experience to withdraw his or her investment promptly after obtaining a copyright? Mr.


Senator, legislator.