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And I have been pleased to meet them and honored to welcome them. Chairman Leahy. As my last question, in some of the statement this early morning there has actually been an idea that, of course, just with all the hundreds of billions, trillions of bucks ready to spend, you need to simply go somewhere else.


Stenger. I would certainly tell you that in this climate the capability to raise capital for the things we are doing would certainly have-- it is impossible to do so in a manner that would certainly enable us as successfully and as rapidly produce the points we have done. You can borrow cash if you have actually got 50 percent down.


I might have obtained fifty percent of that if I had the $12 million in cash to install. Every person understands that, yes, financial institutions have money to lending as long as you have actually obtained half of it in your pocket before you request for the other fifty percent. That is not just how service functions these days.

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You are speaking from a real-world experience, not from a brain trust experience. I will leave that just as a gratuitous remark from the Chairman. Legislator Grassley. Senator Grassley. Thank you. I wish to be responsible in this issue of undocumented workers. I want to admit that we just have anecdotal info, yet I would certainly like to ask you to what degree you need to go or do most likely to make sure that the facilities make certain that the financial investments do not produce work for people below illegally.


Mr. Stenger. Legislator, I am a hands-on owner of a company, and I am on-property every solitary day. We have actually hired-- as I stated, at the Optimal we had 550 construction workers on our task. The marching orders that I offered to my team is that we are to employ regional business in nearly every instance to do all of the building and construction.


They are made up of 10, 15, 20, 30 staff members. They are from our regional regions. They are Vermonters. They are profiting straight from the investment. So we are a hands-on center. I recognize the workers, I recognize their households, and we have actually had the ability to use-- through these last 3 years of terrible economic get more info turmoil, we have been able to employ practically every building and construction worker in our county and the surrounding regions.

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residents. They stay in the location. Their family members are there. They are purchased the neighborhoods, and they are all U.S. employees. Legislator Grassley. You do not have to use e-verify, yet I would love to know whether or not you do. Mr. Stenger. We do. Legislator Grassley. You do.


Mr. North, along the very same lines of the concern I asked him, has your research study revealed instances various other-- and I just offered one example, so I want to admit that and be responsible regarding it-- of centers working with undocumented individuals? Mr. EB5 Regional Center Program. North.




This is a negative application." There is a quantity of bad applications out there, however just when that process obtains before a management law judge do we see much in the way of detail. Now, there was one instance that you stated, and let me just elaborate on that a little.

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Mr - EB5 Regional Center Program. North. The dairy farm had actually claimed 17 workers, and they obtained into it, and the court located that 16 of them were illegals.


Okay. I am going to ask separate questions of each of the 3 of you, yet it handles this one issue. As I said in my opening statement, I am worried concerning the prospective technicality that permits investors to withdraw their investment in local facilities after obtaining their copyright.


Divine, are you knowledgeable about any kind of instances in which a capitalist withdrew the investment and strolled away immediately after receiving a permit? And if you are, or if you think it is an issue, do you think that it is a loophole that should be shut? Mr. Divine. I would claim that a lot of the capitalists, if you asked what are their goals, they would state, "I want to obtain an environment-friendly card, and I want to keep it.


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


Senator, no.