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And I have actually been proud to meet them and happy to welcome them. Chairman Leahy. As my last question, in some of the testament this early morning there has been an idea that, of program, simply with all the hundreds of billions, trillions of bucks all set to spend, you need to simply go somewhere else.


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Stenger. I would certainly tell you that in this environment the capability to raise capital for the points we are doing would have-- it is impossible to do so in a fashion that would certainly allow us as effectively and as promptly produce things we have actually done. You can obtain money if you have obtained half down.


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


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Legislator Grassley. Legislator Grassley. I want to admit that we just have anecdotal info, however I would certainly such as to ask you to what extent you have to go or do go to make certain that the centers make certain that the investments do not create tasks for individuals here unlawfully.


Mr. Stenger. We have actually employed-- as I stated, at the Height we had 550 building workers on our project.


They are comprised of 10, 15, 20, 30 staff members. They are from our neighborhood areas. They are Vermonters. They are profiting directly from the investment. So we are a hands-on center. I recognize the workers, I know their family members, and we have been able to use-- via these last 3 years of terrible financial chaos, we have had the ability to use practically every construction worker in our region and the surrounding regions.


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locals. They reside in the location. Their families are there. They are purchased the areas, and they are all united state workers. Senator Grassley. You do not need to make use of e-verify, yet I wish to understand 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 revealed instances various other-- and I only provided one example, so I intend to admit that and be liable about it-- of facilities hiring undocumented individuals? Mr. North. That sort of data is extremely difficult to acquire from USCIS, and I should state that what we do understand about a number of the inner points regarding that company as for this program is concerned relates to cases in which the team has stated no to an application of some kind and after that the regional center or the specific entrepreneur has actually mosted likely to the Administrative Appeals Workplace-- which is component of the agency-- and there we obtain files, we obtain a hearing police officer telling us what is going on in that certain case.




This is a negative application." So there is an amount of poor applications available, but only as soon as that procedure gets before a management regulation court do we see much in the way of information. Currently, there was one instance that you pointed out, and let me simply clarify on that a little bit.


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EB5 Regional Center ProgramEB5 Regional Center Program


Do not take as well long since I intend to ask one more couple concerns. Yet proceed and promptly finish. Mr. North. The dairy products ranch had actually claimed 17 workers, and they got involved in it, and the judge discovered that 16 of them were illegals. Now, that is the one instance I have, and it is an example.


Okay. I am going to ask different inquiries of each of the three of you, yet it deals with this set concern. As I stated in my opening statement, I am concerned about the potential technicality that permits capitalists to withdraw their financial investment in local facilities after getting their permit.


Divine, are you website knowledgeable about any circumstances in which an investor took out the financial investment and left instantly after receiving a copyright? And if you are, or if you think it is a problem, do you believe that it is a technicality that should be shut? Mr. Divine. I would say that many of the financiers, if you asked them what are their objectives, they would claim, "I desire to get a permit, and I wish to maintain it.


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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 eco-friendly card? Mr.


Senator, legislator.

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