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And I have been pleased to meet them and pleased to invite them. Chairman Leahy. Also, as my last concern, in some of the statement this early morning there has actually been a tip that, obviously, simply with all the thousands of billions, trillions of dollars prepared to spend, you need to just go elsewhere.


Stenger. I would tell you that in this climate the capacity to elevate capital for things we are doing would certainly have-- it is difficult to do so in a way that would certainly allow us as effectively and as quickly develop things we have done. You can obtain cash if you have obtained 50 percent down.


I might have borrowed fifty percent of that if I had the $12 million in cash money to set up. Everybody knows that, yes, financial institutions have money to loan as long as you have actually obtained fifty percent of it in your pocket before you request the other half. That is not exactly how organization works nowadays.

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You are speaking from a real-world experience, not from a brain trust experience. I will leave that simply as a gratuitous comment from the Chairman. Legislator Grassley. Senator Grassley. Thank you. I intend to be accountable in this problem of undocumented employees. I desire to confess that we just have unscientific information, however I wish to ask you to what level you have to go or do go to see to it that the facilities make certain that the investments do not create work for individuals here illegally.


Mr. Stenger. Legislator, I am a hands-on owner of a service, and I am on-property each and every single day. We have worked with-- as I claimed, at the Top we had 550 construction employees on our task. The marching orders that I provided to my group is that we are to employ regional firms in nearly every circumstances to do all click here for more of the building and construction.


They are composed of 10, 15, 20, 30 article employees. They are from our neighborhood regions. They are Vermonters. They are benefiting straight from the financial investment. So we are a hands-on facility. I recognize the employees, I recognize their households, and we have been able to use-- via these last 3 years of awful economic chaos, we have actually been able to use almost every building and construction employee in our county and the bordering areas.

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They are spent in the areas, and they are all U.S. workers. Senator Grassley. Mr. Stenger.


Mr. North, along the same lines of the concern I asked him, has your research revealed instances various other-- and I just provided one example, so I want to admit that and be liable about it-- of facilities hiring undocumented people? Mr. EB5 Regional Center Program. North.




This is a negative application." There is a quantity of bad applications out there, yet only as soon as that process gets before an administrative law court do we see a lot check over here in the means of information. Now, there was one situation that you pointed out, and let me simply specify on that particular a bit.

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Mr - EB5 Regional Center Program. North. The dairy ranch had asserted 17 workers, and they obtained into it, and the court discovered that 16 of them were illegals.


Okay. I am going to ask different inquiries of each of the three of you, but it handles this one concern. As I claimed in my opening statement, I am concerned concerning the possible loophole that enables capitalists to withdraw their financial investment in local facilities after getting their eco-friendly card.


Divine, are you familiar with any circumstances in which a financier took out the financial investment and strolled away immediately after receiving a copyright? And if you are, or if you assume it is an issue, do you believe that it is a technicality that should be closed? Mr. Divine. I would certainly say that most of the capitalists, if you asked them what are their objectives, they would certainly claim, "I intend to obtain a permit, and I wish to maintain it.


Mr. Divine. Allow me ask Mr. Stenger, is it typical for a capitalist in your experience to withdraw his or her investment promptly after receiving a copyright? Mr.


Senator, legislator.