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And I have actually been proud to satisfy them and pleased to welcome them. Chairman Leahy. Likewise, as my last inquiry, in several of the statement today there has been a tip that, of program, simply with all the hundreds of billions, trillions of dollars prepared to spend, you need to just go elsewhere.

Stenger. I would inform you that in this climate the capability to raise capital for things we are doing would certainly have-- it is impossible to do so in a fashion that would certainly permit us as effectively and as swiftly produce things we have actually done. You can obtain money if you have obtained 50 percent down.


I could have obtained half of that if I had the $12 million in cash to install. Everybody knows that, yes, financial institutions have cash to finance as long as you have actually got half 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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Senator Grassley. Legislator Grassley. I desire to admit that we only have anecdotal info, however I would certainly like to ask you to what level you have to go or do go to make sure that the centers make certain that the financial investments do not create jobs for people right here illegally.


Mr. Stenger. We have actually worked with-- as I claimed, at the Optimal we had 550 building and construction workers on our job.


They are made up of 10, 15, 20, 30 workers. They are benefiting directly from the financial investment. I recognize the employees, I know their families, and we have been able to use-- with these last 3 years of horrible economic chaos, we have actually been able to utilize almost every construction employee in our area and the surrounding areas.

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citizens. They stay in the area. Their families are there. They are spent in the neighborhoods, and they are all united state workers. Legislator Grassley. You do not have to utilize e-verify, yet I would such as to know whether or not you do. Mr. Stenger. We do. Legislator Grassley. You do.


Thanks. Mr. North, along the exact same lines of the concern I asked him, has your research study revealed examples various other-- and I just gave one instance, so I intend to admit that and be responsible regarding it-- of facilities working with undocumented individuals? Mr. North. That type of information is very difficult to get from USCIS, and I must say that what we do understand around This Site a number of the interior aspects of that company as for this program is concerned relates to situations in which the team has actually claimed 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 belongs to the firm-- and there we obtain files, we get a hearing policeman informing us what is going on in that certain case.




This is a negative click resources application." So there is an amount of negative applications available, however only once that process obtains prior to an administrative legislation judge do we see much in the way of information. Now, there was one instance that you mentioned, and allow me just elaborate on that a little.

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Mr - EB5 Regional Center Program. North. The dairy ranch had asserted 17 employees, and they obtained right into it, and the judge found that 16 of them were illegals.


Okay. I am going to ask different inquiries of each of the 3 of you, however it takes care of this issue. As I said in my opening declaration, I am worried regarding the possible technicality that enables financiers to withdraw their investment in local facilities after receiving their permit.


Divine, are you mindful of any kind of circumstances in which a financier withdrew the investment and strolled away immediately after obtaining an environment-friendly card? And if you are, or if you believe it is an issue, do you think that it is a loophole that should be closed? Mr. Divine. I would certainly state that the majority of the investors, if you inquired what are their objectives, they would state, "I intend to obtain a permit, and I desire to keep it.

If I put my about his money in a hotel growth-- Senator Grassley. Can I think then that you are stating that there does not need to be any kind of modifications made in that respect? Mr. Divine. I do not believe so. Legislator Grassley. Okay. Allow me ask Mr. Stenger, is it usual for a capitalist in your experience to withdraw his or her financial investment instantly after receiving a permit? Mr.

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Legislator, no. Our programs call for that the financier be invested for a minimum of 5 years and be paid back only if the service is in a position to do so at the end of that time. So we have the benefit of the capital to develop business, obtain it running, make it successful, assure that the work will certainly be produced and maintained, and after that just if business achieves success will there be an exit approach for the capitalist.