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And I have been honored to meet them and happy to welcome them. Chairman Leahy. As my last question, in some of the statement this early morning there has been a suggestion that, of course, just with all the hundreds of billions, trillions of bucks all set to spend, you should just go somewhere else.


Stenger. I would tell you that in this environment the capacity to raise resources for the points we are doing would have-- it is impossible to do so in a fashion that would certainly enable us as properly and as promptly produce the things we have done. You can borrow money if you have actually got 50 percent down.


I might have borrowed fifty percent of that if I had the $12 million in money to put up. Everybody understands that, yes, banks have cash to finance as long as you have actually obtained half of it in your pocket prior to you ask for the other half. That is not just how service works these days.

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Senator Grassley. Legislator Grassley. I desire to confess that we just have unscientific info, however I would certainly such as to ask you to what extent you have to go or do go to make sure that the centers make sure that the financial investments do not develop jobs for people right here illegally.


Mr. Stenger. We have employed-- as I stated, at the Top we had 550 building and construction employees on our task.


They are made up of 10, 15, 20, 30 staff members. They are from our neighborhood regions. They are Vermonters. They are benefiting directly from the financial investment. So we are a hands-on center. I understand the workers, I know their families, and we have had the ability to utilize-- through these last 3 years of terrible economic turmoil, we have had the ability to use nearly every building employee in our county and the bordering regions.

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residents. They stay in the area. Their family members are there. They are purchased the communities, and they are all U.S. employees. Senator Grassley. You do not have to use e-verify, however I wish to understand whether or not you do. Mr. Stenger. We do. Legislator Grassley. You do.


Mr. North, along the very same lines of the inquiry I asked him, has your research revealed important site instances other-- and I only gave one example, so I desire to admit that and be liable about it-- of facilities hiring undocumented individuals? Mr. EB5 Regional Center Program. North.




This is a poor application." So there is an amount of poor applications around, but just as soon as that procedure obtains prior to a management legislation judge do we see much in the means of information. Now, there was one case that you mentioned, and allow me simply clarify on that a little.

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Do not take also long because I want to ask another couple inquiries. Go in advance and quickly finish. Mr. North. The dairy ranch had actually declared 17 workers, and they entered it, and the court discovered that 16 of them were illegals. Currently, that is the one instance I have, and it is a fine example.


Okay. I am going to ask separate concerns of each of the 3 of you, however it handles this one problem. As I stated in my opening statement, I am concerned regarding the possible loophole that allows capitalists to withdraw their financial investment in regional centers after explanation receiving their permit.


Mr. Divine. I would certainly state that many of the investors, if you asked them what are their goals, they would certainly say, "I desire to obtain an eco-friendly card, and I desire to keep it.


If I place my cash in a resort growth-- Senator Grassley. Can I think then that you are saying that there does not require 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 financier in your experience to withdraw his/her investment right away after getting an environment-friendly card? Mr.

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Senator, no. Our programs need that the financier be spent for a minimum of 5 years and be paid back only if business is in a position to do so at the wikipedia reference end of that time. So we have the advantage of the resources to create business, obtain it running, make it successful, assure that the jobs will be developed and preserved, and after that just if the organization is effective will certainly there be a leave approach for the capitalist.