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And I have actually been happy to meet them and honored to invite them. Chairman Leahy. As my last question, in some of the testament this morning there has actually been a suggestion that, of course, simply with all the hundreds of billions, trillions of dollars prepared to invest, you ought to just go someplace else.


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Stenger. I would inform you that in this environment the ability to raise capital for things we are doing would have-- it is impossible to do so in a way that would enable us as effectively and as swiftly create things we have done. You can borrow cash if you have actually obtained 50 percent down.


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


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Senator Grassley. Senator Grassley. I want to admit that we just have anecdotal info, yet I would certainly such as to ask you to what level you have to go or do go to make sure that the facilities make sure that the investments do not develop work for individuals below unlawfully.


Mr. Stenger. We have hired-- as I said, at the Height we had 550 building and construction employees on our task.


They are made up of 10, 15, 20, 30 staff members. They are from our neighborhood areas. They are Vermonters. They are profiting straight from the financial investment. We are a hands-on facility. I know the workers, I recognize their family members, and we have had the ability to utilize-- with these last 3 years of awful economic turmoil, we have had the ability to utilize almost every building employee in our region and the bordering areas.


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homeowners. They live in the location. Their families exist. They are bought the areas, and they are all U.S. employees. Senator Grassley. You do not need to utilize e-verify, yet I want to know whether you do. Mr. Stenger. We do. Senator Grassley. You do.


Thanks. Mr. North, along the same lines of the concern I asked him, has your research revealed instances other-- and I only offered one example, so I desire to confess that and be responsible about it-- of facilities working with undocumented individuals? Mr. North. That type of data is really tough to obtain from USCIS, and I need to claim that what we do understand around most of the interior aspects of that company as much as this program is worried connects to instances in which the personnel has actually said no to an application of some kind and after that the regional center or the private business owner has actually gone to the Administrative Appeals Office-- which is part of the agency-- and there we get papers, we obtain a hearing policeman informing us what is going on because particular instance.




This is a negative application." There is a quantity of negative applications out there, yet just when that process gets before an administrative law court do we see a lot in the way of information. Now, there was one instance that you stated, and let me just clarify on that a little bit.


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EB5 Regional Center ProgramEB5 Regional Center Program


Do not take as well long due to the fact that I desire to ask another pair concerns. Yet proceed and rapidly coating. Mr. North. The dairy farm had declared 17 employees, and they got right into it, and the judge discovered that 16 of them were illegals. Currently, that is the one example I have, and it is an excellent instance.


Okay. I am mosting likely to ask separate inquiries of each of the 3 of you, yet it manages this one problem. As I said in my opening declaration, I am worried regarding the prospective technicality that permits financiers to withdraw their investment in regional centers after obtaining their eco-friendly card.


Divine, are you familiar with any kind of instances in which a capitalist took out the financial investment and walked away immediately after obtaining a copyright? And if you are, or if you believe it is a problem, do you believe that it is a technicality that should be closed? Mr. Divine. I would certainly claim that most of the investors, if you asked them what are their goals, they would click here claim, "I desire to get a permit, and I intend to maintain it.


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


Senator, no.

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