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And I have been happy to fulfill them and honored to welcome them. Chairman Leahy. Additionally, as my last question, in a few of the testament this morning there has been a recommendation that, naturally, just with all the thousands of billions, trillions of bucks prepared to spend, you ought to simply go somewhere else.


Stenger. I would certainly tell you that in this climate the capability to increase capital for the points we are doing would certainly have-- it is impossible to do so in a manner that would certainly permit us as effectively and as promptly develop the points we have done. You can obtain money if you have actually got 50 percent down.


I could have obtained half of that if I had the $12 million in cash to place up. Everyone knows that, yes, financial institutions have money to finance as long as you have obtained fifty percent of it in your pocket before you request for the various other half. That is not how organization works nowadays.

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You are speaking from a real-world experience, not from a think container experience. I will leave that just as a gratuitous comment from the Chairman. Legislator Grassley. Legislator Grassley. Thank you. I wish to be responsible in this problem of undocumented employees. I intend to confess that we only have anecdotal info, yet I would like to ask you to what degree you need to go or do most likely to ensure that the facilities make certain that the financial investments do not create jobs for people below unlawfully.


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


They are composed of 10, 15, 20, 30 staff members. They are from our neighborhood areas. They are Vermonters. They are profiting straight from the financial investment. We are a hands-on center. I know the workers, I know their families, and we have had the ability to utilize-- with these last 3 years of awful economic turmoil, we have had the ability to use virtually every construction employee in our region and the surrounding counties.

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homeowners. They live in the area. Their households exist. They are purchased the communities, and they are all U.S. employees. Senator Grassley. You do not have to make use of e-verify, but I wish to recognize whether or not you do. Mr. Stenger. We do. Legislator Grassley. You do.


Thank you. Mr. North, along the exact same lines of the inquiry I asked him, has your study shown instances various other-- and I only provided one example, so I intend to confess that and be responsible regarding it-- of facilities hiring undocumented people? Mr. North. That sort of data is very hard to acquire from USCIS, and I have to say that what we do understand about a number of the interior points concerning that agency regarding this program is worried associates with cases in which the personnel has stated no to an application of some kind and afterwards the regional facility or the specific entrepreneur has gone to the Administrative website Appeals Workplace-- which belongs to the firm-- and there we get files, we get a hearing officer telling us what is going on in that specific situation.




This is a bad application." There is an amount of poor applications out there, but just as soon as that process gets prior to a management regulation court do we see a lot in the way of information. Currently, there was one situation that you mentioned, and allow me just elaborate 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 into it, and the court located that 16 of them were illegals.


Okay. I am mosting likely to ask different inquiries of each of the 3 of you, yet it deals with this one concern. As I claimed in my opening declaration, I am concerned concerning the possible technicality that enables investors to withdraw their investment in local facilities after getting their eco-friendly card.


Divine, are you aware of any circumstances in which a capitalist took out the investment and walked away right away after receiving a permit? And if you are, or if you think it is a trouble, do you think that it is a technicality that should be shut? Mr. Divine. I would claim that a lot of the capitalists, if you asked what are their objectives, they would certainly claim, "I wish to obtain an environment-friendly card, and I want to maintain 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 an environment-friendly card? Mr.


Senator, no.