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And I have been honored to satisfy them and proud to welcome them. Chairman Leahy. Likewise, as my last question, in a few of the testament today there has actually been a pointer that, obviously, just with all the thousands of billions, trillions of dollars prepared to invest, you should just go someplace else.

Stenger. I would inform you that in this environment the capacity to elevate resources for the important things we are doing would certainly have-- it is impossible to do so in a manner that would certainly enable us as effectively and as quickly develop the important things we have actually done. You can obtain money if you have obtained 50 percent down.


I could have obtained fifty percent of that if I had the $12 million in money to place up. Everybody understands that, yes, financial institutions have cash to funding as long as you have obtained fifty percent of it in your pocket prior to you request the other fifty percent. That is not how business functions these days.

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You are talking from a real-world experience, not from a brain trust experience. I will certainly leave that simply as a gratuitous remark from the Chairman. Legislator Grassley. Legislator Grassley. Thank you. I intend to be accountable in this concern of undocumented workers. I intend to confess that we only have unscientific information, however I wish to ask you to what level you have to go or do most likely to see to it that the centers make certain that the investments do not produce work for people here illegally.


Mr. Stenger. Senator, I am a hands-on owner of a business, and I am on-property each and every single day. We have actually hired-- as I said, at the Optimal we had 550 construction internet workers on our job. The marching orders that I provided to my team is that we are to hire local firms in almost every instance to do every one of the construction.


They are made up of 10, 15, 20, 30 staff members. They are profiting straight from the financial investment. I understand the workers, I know their families, and we have actually been able to use-- via these last 3 years of horrible economic turmoil, we have been able to use virtually every building and construction worker in our area and the bordering regions.

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citizens. They stay in the navigate to this website location. Their families exist. They are purchased the areas, and they are all U.S. employees. Senator Grassley. You do not need 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 inquiry I asked him, has your research shown examples other-- and I only provided one instance, so I informative post want to admit that and be accountable regarding it-- of facilities working with undocumented people? Mr. EB5 Regional Center Program. North.




This is a poor application." There is an amount of poor applications out there, however only as soon as that procedure obtains prior to an administrative legislation judge do we see a lot in the means of information. Now, there was one situation that you stated, and allow me just elaborate on that particular a little.

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


Okay. I am going to ask separate inquiries of each of the 3 of you, yet it deals with this set issue. As I stated in my opening statement, I am concerned about the potential loophole that allows investors to withdraw their investment in local centers after receiving their permit.


Mr. Divine. I would certainly state that many of the financiers, if you asked them what are their goals, they would certainly state, "I desire to obtain an environment-friendly card, and I desire to keep it.

Mr. Divine. Allow me ask Mr. Stenger, is it common for a capitalist in your experience to withdraw his or her investment right away after obtaining an eco-friendly card? Mr.


Senator, legislator.