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And I have actually been happy to fulfill them and proud to welcome them. Chairman Leahy. As my last question, in some of the testament this morning there has actually been an idea that, of course, simply with all the hundreds of billions, trillions of bucks prepared to spend, you must simply go someplace else.


Stenger. I would inform you that in this climate the capacity to raise funding for the important things we are doing would certainly have-- it is difficult to do so in a way that would certainly allow us as efficiently and as swiftly develop the things we have done. You can obtain money if you have actually got 50 percent down.


I might have obtained fifty percent of that if I had the $12 million in cash money to put up. Every person understands that, yes, banks have cash to finance as long as you have actually got fifty percent of it in your pocket before you request the other fifty percent. That is not exactly how company functions these days.

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Senator Grassley. Senator Grassley. I want to admit that we only have anecdotal info, however I would certainly such as to ask you to what extent you have to go or do go to make sure that the facilities make sure that the investments do not develop work for individuals here illegally.


Mr. Stenger. Legislator, I am a hands-on owner of an organization, and I am on-property each and every single day. We have employed-- as I said, at the Top we had 550 building employees on our job. The marching orders that I offered to my team is that we are to employ regional business in practically every instance to do all of the building.


They are made up of 10, 15, 20, 30 workers. They are benefiting straight from the financial investment. I recognize the employees, I understand their families, and we have actually been able to use-- via these last 3 years of horrible economic chaos, we have actually been able to use nearly every building worker in our area and the bordering regions.

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


Thanks. Mr. North, along the very same lines of the concern visit their website I asked him, has your research revealed examples various other-- and I just gave one instance, so I intend to admit that and be accountable concerning it-- of centers employing undocumented people? Mr. North. That kind of data is extremely hard to obtain from USCIS, and I need to claim that what we do understand about a number of the inner points about that agency regarding this program visit this website is worried associates with cases in which the personnel has stated no to an application of some kind and then the local facility or the specific business owner has gone to the Administrative Appeals Office-- which becomes part of the company-- and there we obtain records, we get a hearing officer telling us what is going on in that particular situation.




This is a negative application." There is a quantity of bad applications out there, yet just as soon as that procedure obtains prior to a management official source legislation judge do we see much in the method of detail. Now, there was one instance that you mentioned, and let me just clarify on that particular a little.

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


Okay. I am mosting likely to ask different inquiries of each of the three of you, but it manages this concern. As I stated in my opening statement, I am worried about the prospective loophole that allows investors to withdraw their financial investment in local centers after obtaining their environment-friendly card.


Divine, are you familiar with any type of instances in which a capitalist took out the investment and walked away instantly after receiving an environment-friendly card? And if you are, or if you believe it is a problem, do you assume that it is a loophole that should be shut? Mr. Divine. I would say that many of the investors, if you inquired what are their objectives, they would claim, "I want to obtain an eco-friendly card, and I intend to maintain it.


Mr. Divine. Allow me ask Mr. Stenger, is it typical for an investor in your experience to withdraw his or her financial investment immediately after receiving an environment-friendly card? Mr.


Senator, no.