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And I have been honored to meet them and pleased to welcome them. Chairman Leahy. Likewise, as my last question, in several of the statement today there has actually been a pointer that, of program, just with all the numerous billions, trillions of bucks prepared to spend, you must simply go somewhere else.


Stenger. I would tell you that in this climate the ability to elevate capital for the things we are doing would certainly have-- it is difficult to do so in a fashion that would allow us as effectively and as swiftly create the things we have done. You can obtain cash if you have actually got half down.


I might have obtained half of that if I had the $12 million in cash to place up. Everybody understands that, yes, banks have cash to lending as long as you have actually got fifty percent of it in your pocket prior to you ask for the various other half. That is not just how organization works nowadays.

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You are speaking from a real-world experience, not from a think container experience. I will leave that just as an unjustified comment from the Chairman. Senator Grassley. Legislator Grassley. Thanks. I intend to be liable in this problem of undocumented workers. I wish to confess that we just have anecdotal info, yet I would like to ask you to what degree you need to go or do go to make certain that the facilities make certain that the investments do not develop work for people right here unlawfully.


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


They are made up of 10, 15, 20, 30 staff members. They are benefiting straight from the investment. I know the employees, I recognize their families, and we have been able to utilize-- via these last 3 years of terrible economic chaos, we have been able to employ nearly every construction worker in our region and the surrounding areas.

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They are invested in the neighborhoods, and they are all United state workers. Legislator Grassley. Mr. Stenger.


Mr. North, along the same lines of the question I asked him, has your research shown examples other-- and I only gave one example, so I desire to confess that and be liable about it-- of facilities hiring undocumented individuals? Mr. EB5 Regional Center Program. North.




This is a bad application." So there is a try here quantity of negative applications around, but only when that process gets prior to a management legislation judge do we see much in the means of information. Currently, there was one instance that you stated, and allow me just clarify on that particular a little.

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Do not take too long since I intend to ask an additional couple questions. Go ahead and rapidly surface. Mr. North. The milk farm had actually asserted 17 employees, and they entered into it, and the court found that 16 of them were illegals. Now, that is the one instance I have, and it is a fine example.


Okay. I am mosting likely to ask look at here now different questions of each of the 3 of you, yet it handles this concern. As I stated in my opening declaration, I am worried about the prospective technicality that enables financiers to withdraw their financial investment in local centers after receiving their permit.


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


If I place my cash in a resort advancement-- Legislator Grassley. Can I presume then that you are claiming that there does not need to be any modifications made because regard? Mr. Divine. I do not think so. Legislator Grassley. Okay. Let me ask Mr. Stenger, is it common for an investor in your experience to withdraw his/her investment quickly after getting an eco-friendly card? Mr.

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Senator, no. Our programs need that the financier be spent for a minimum of 5 years and be paid back just if the organization remains in click over here a position to do so at the end of that time. We have the benefit of the resources to create the company, obtain it running, make it effective, guarantee that the jobs will certainly be developed and maintained, and then only if the business is successful will certainly there be a leave approach for the investor.