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And I have actually been honored to fulfill them and honored to invite them. Chairman Leahy. As my last inquiry, in some of the testimony this early morning there has actually been a pointer that, of course, simply with all the hundreds of billions, trillions of bucks ready to invest, you ought to simply go someplace else.


Stenger. I would certainly tell you that in this climate the capacity to elevate funding for things we are doing would have-- it is impossible to do so in a manner that would allow us as efficiently and as swiftly develop things we have actually done. You can obtain cash if you have obtained half down.


I could have obtained fifty percent of that if I had the $12 million in cash to place up. Everybody understands that, yes, banks have cash to funding as long as you have got fifty percent of it in your pocket prior to you ask for the various other half. That is not how company works these days.

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You are talking from a real-world experience, not from a think storage tank experience. I will certainly leave that simply as a gratuitous remark from the Chairman. Legislator Grassley. Legislator Grassley. Thanks. I intend to be responsible in this issue of undocumented employees. I want to admit that we just have unscientific info, however I would love to ask you to what extent you have to go or do most likely to make certain that the centers ensure that the financial investments do not create tasks for individuals below illegally.


Mr. Stenger. Senator, I am a hands-on proprietor of a business, and I am on-property every day. We have employed-- as I stated, at the Height we had 550 building and construction employees on our project. The marching orders that I provided to my group is that we are to hire regional companies in virtually every instance to do all of the construction.


They are made up of 10, 15, 20, 30 staff members. They are profiting straight from the financial investment. I recognize the workers, I recognize their households, and we have actually been able to employ-- via these last 3 years of dreadful economic chaos, we have actually been able to use virtually every construction employee in our area and the bordering regions.

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They are invested in the neighborhoods, and they are all United state workers. Senator Grassley. Mr. Stenger.


Mr. North, along the very same lines of the inquiry I asked him, has your study shown examples various other-- and I only provided one instance, so I want to admit that and be liable regarding it-- of centers working with undocumented individuals? Mr. EB5 Regional Center Program. North.




This is a poor application." So there is a quantity of negative applications available, but just as soon as that process gets prior to a management legislation judge do we see a lot in the means of information. Currently, there was one instance that you discussed, and let me simply clarify on that a little bit.

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


Okay. I am going to ask separate inquiries of each of the 3 of you, yet it takes care of this set concern. As I said in my opening statement, I am concerned regarding the prospective technicality that enables investors to withdraw their investment in local facilities after getting their permit.


Mr. Divine. I would certainly claim that many of the capitalists, if you asked them what are their objectives, EB5 Regional Center Program they would certainly say, "I want to obtain a copyright, 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 promptly after obtaining an environment-friendly card? Mr.


Senator, legislator.