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And I have actually been happy to meet them and happy to welcome them. Chairman Leahy. As my last inquiry, in some of the statement this morning there has actually been a pointer that, of course, just with all the hundreds of billions, trillions of dollars all set to spend, you should simply go someplace else.


Stenger. I would tell you that in this environment the capability to raise funding for the important things we are doing would have-- it is difficult to do so in a way that would allow us as effectively and as swiftly develop things we have actually done. You can obtain money if you have got half down.


I can have obtained fifty percent of that if I had the $12 million in money to set up. Everybody recognizes that, yes, financial institutions have money to loan as long as you have obtained fifty percent of it in your pocket prior to you request the other fifty percent. That is not exactly how organization functions these days.

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You are talking from a real-world experience, not from a think storage tank experience. I will certainly leave that merely as a gratuitous remark from the Chairman. Legislator Grassley. Senator Grassley. Thank you. I intend to be liable in this problem of undocumented employees. I wish to admit that we only have anecdotal information, however I would like to ask you to what level you have to go or do go to make certain that the facilities see to it that the financial investments do not produce tasks for individuals here illegally.


Mr. Stenger. We have actually worked with-- as I stated, at the Top we had 550 construction employees on our task.


They are made up of 10, 15, 20, 30 workers. They are benefiting straight from the investment. I recognize the workers, I understand their family members, and we have been able to utilize-- through these last 3 years of dreadful economic chaos, we have actually been able to employ nearly every construction worker in our area and the bordering regions.

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They are spent in the communities, and they are all U.S. workers. Senator Grassley. Mr. Stenger.


Thanks. Mr. North, along the same lines of the question I asked him, has your research study shown instances various other-- and I just provided one example, so I wish to admit that and be responsible concerning it-- of centers employing undocumented individuals? Mr. North. That kind of data is extremely tough to acquire from USCIS, and I should claim that what we do understand about most of the interior aspects of that firm regarding this program is concerned connects to cases in which the team has said no to an application of some kind and afterwards the local center or the private business owner has actually gone to the Administrative Appeals Office-- which belongs to the firm-- and there we get files, we get a hearing officer informing us what is going on in that particular situation.




This is a poor application." There is a quantity of bad applications out there, however just once that process gets before an administrative regulation court do we see a lot in the way of More Info information. Currently, there was one instance that you stated, and let me simply elaborate on that a little bit.

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Mr - EB5 Regional Center Program. North. The dairy ranch had claimed 17 workers, and they got right into it, and the judge discovered that 16 of them were illegals.


Okay. I am going to ask different concerns of each of the three of you, yet it takes care of this one concern. As I said in my opening statement, I am worried about why not look here the potential loophole that enables investors to withdraw their financial investment in local facilities after receiving their eco-friendly card.


Divine, are you knowledgeable about any kind of instances in which an investor took out the investment and walked away immediately after getting a permit? And if you are, or if you think it is an issue, do you assume that it is a technicality that should be closed? Mr. Divine. I would claim that the majority of the investors, if you inquired what are their objectives, they would state, "I desire to get an eco-friendly card, and I want to keep it.


Mr. Divine. Allow me ask Mr. Stenger, is it usual for a financier click site in your experience to withdraw his or her financial investment quickly after receiving an eco-friendly card? Mr.


Senator, legislator.