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And I have been honored to meet them and happy to invite them. Chairman Leahy. As my last question, in some of the statement this early morning there has actually been an idea that, of training course, just with all the hundreds of billions, trillions of dollars all set to spend, you should just go somewhere else.


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


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

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You are talking from a real-world experience, not from a think tank experience. I will certainly leave that simply as a gratuitous remark from the Chairman. Legislator Grassley. Senator Grassley. Thanks. I intend to be responsible in this problem of undocumented employees. I wish to admit that we just have anecdotal info, however I would love to ask you to what degree you need to go or do most likely to ensure that the centers make certain that the investments do not develop jobs for people right here unlawfully.


Mr. Stenger. Senator, I am a hands-on proprietor of an organization, and I am on-property every single day. We have worked with-- as I claimed, at the Peak we had 550 construction workers on our job. The marching orders that I offered to my group is that we are to work with neighborhood firms in almost every instance to do all of the construction.


They are made up of 10, 15, 20, 30 staff members. They are profiting straight from the investment. I know the employees, I recognize their households, and we have been able to employ-- via these last 3 years of horrible economic chaos, we have actually been able to employ almost every building and construction employee in our region and the bordering regions.

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citizens. They stay in the location. Their family members exist. They are spent in the communities, and they are all united state workers. Legislator Grassley. You do not have to utilize e-verify, yet I wish to know whether you do. Mr. Stenger. We do. Legislator Grassley. You do.


Mr. North, along the very same lines of the question I asked him, has your research study shown examples other-- and I only provided one example, so I want to admit that and be accountable concerning it-- of centers employing undocumented individuals? Mr. EB5 Regional Center Program. North.




This is a negative application." So there is a quantity of bad applications around, yet just when that process gets prior to a management legislation judge do we see a lot in the means of information. Now, there was one case that you stated, and allow me simply clarify on that particular a little.

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Do not take as well long due to the fact that I want to ask another couple questions. Go in advance and swiftly surface. Mr. North. The milk ranch had actually declared 17 workers, and they entered into it, and the judge found that 16 of them were illegals. Currently, that is the one instance more info I have, and it is an example.


Okay. I am mosting likely to ask different concerns of each of the three of you, however it takes care of this problem. As I stated in my opening statement, I am concerned about the potential technicality that permits capitalists to withdraw their financial investment in local centers after receiving their permit.


Divine, are you aware of any instances in which a capitalist took out the financial investment and left instantly after receiving an environment-friendly card? And if you are, or if you assume it is an issue, do you assume that it is a technicality that should be shut? Mr. Divine. I would claim that many of the investors, if you inquired what are their objectives, they would claim, "I intend to get a permit, and I intend to keep it.


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


Senator, legislator.