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And I have actually been happy to satisfy them and honored to welcome them. Chairman Leahy. As my last concern, in some of the testament this early morning there has been a recommendation that, of program, simply with all the hundreds of billions, trillions of dollars all set to invest, you should simply go someplace else.

Stenger. I would inform you that in this environment the ability to raise resources for things we are doing would certainly have-- it is impossible to do so in a way that would certainly enable us as properly and as promptly develop things we have actually done. You can obtain money if you have actually obtained 50 percent down.

I might have borrowed fifty percent of that if I had the $12 million in money to place up. Everyone recognizes that, yes, financial institutions have cash to lending as long as you have actually obtained half of it in your pocket before you ask for the various other half. That is not exactly how company functions nowadays.

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Legislator Grassley. Senator Grassley. I want to confess that we only have unscientific info, yet I would certainly such as to ask you to what degree you have to go or do go to make sure that the facilities make certain that the financial investments do not create tasks for individuals below illegally.

Mr. Stenger. We have worked with-- as I claimed, at the Top we had 550 construction workers on our project.

They are made up of 10, 15, 20, 30 staff members. They are profiting directly from the investment. I know the workers, I understand their family members, and we have been able to use-- through these last 3 years of dreadful financial chaos, we have actually been able to utilize virtually every building website worker in our area and the bordering regions.

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homeowners. They live in the location. Their families exist. They are bought the areas, and they are all U.S. workers. Senator Grassley. You do not have to utilize e-verify, but I would love to recognize whether or not you do. Mr. Stenger. We do. Senator Grassley. You do.

Mr. North, along the very same lines of the question I asked him, has your study revealed instances other-- and I just gave one instance, so I want to confess that and be liable concerning it-- of facilities hiring undocumented individuals? Mr. EB5 Regional Center Program. North.



This is a poor application." So there is a quantity of poor applications around, but only once that procedure obtains prior to a management regulation judge do we see much in the way of detail. Now, there was one situation that you mentioned, and let me just specify on that particular a little.

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

Okay. I am mosting likely to ask different concerns of each of the 3 of you, but it deals with this problem. As I stated in my opening declaration, I am worried about the prospective technicality that allows investors to withdraw their investment in local centers after obtaining their environment-friendly card.

Mr. Divine. I would state that most of the financiers, if you asked them what are their objectives, they would certainly say, "I desire to obtain an eco-friendly card, and I want to maintain it.

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

Senator, legislator.

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