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And I have been happy to fulfill them and happy to invite them. Chairman Leahy. Likewise, as my last inquiry, in a few of the testament today there has been an idea that, naturally, simply with all the numerous billions, trillions of bucks prepared to spend, you must just go someplace else.

Stenger. I would tell you that in this climate the ability to elevate capital for the important things we are doing would have-- it is difficult to do so in a way that would enable us as effectively and as rapidly produce things we have actually done. You can borrow cash if you have actually obtained 50 percent down.


I might have obtained half of that if I had the $12 million in cash to place up. Every person knows that, yes, financial institutions have cash to car loan as long as you have actually got half of it in your pocket prior to you request for the various other fifty percent. That is not just how company functions nowadays.

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Legislator Grassley. Legislator Grassley. I want to confess that we just have anecdotal info, yet I would certainly like to ask you to what extent you have to go or do go to make certain that the centers make sure that the financial investments do not create work for people here unlawfully.


Mr. Stenger. Legislator, I am a hands-on proprietor of a company, and I am on-property each and every single day. We have hired-- as I stated, at the Peak we had 550 building employees on our task. The marching orders that I provided to my team is that we are to employ regional firms in virtually every instance to do all of the building and construction.


They are made up of 10, 15, 20, 30 staff members. They are profiting directly from the investment. I understand the employees, I understand their families, and we have been able to use-- with these last 3 years of horrible financial chaos, we have been able to use almost every building and construction worker in our area and the surrounding regions.

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citizens. They reside in the area. Their family members exist. They are purchased the communities, and they are all U.S. employees. Legislator Grassley. You do not need to use e-verify, however I want to know whether or not you do. Mr. Stenger. We do. Senator Grassley. You do.


Mr. North, along the very same lines of the inquiry I asked him, has your research shown examples other-- and I only provided one example, so I desire to admit that and be accountable concerning it-- of facilities working with undocumented people? Mr. EB5 Regional Center Program. North.




This is a negative application." So there is a quantity of poor applications around, however just once that procedure obtains before an administrative regulation judge do we see much in the way of information. Currently, there was one situation that you pointed out, and allow me simply elaborate on that a little.

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Mr - EB5 Regional Center Program. North. The dairy products ranch had asserted 17 workers, and they got into it, and the judge found that 16 of them were illegals.


Okay. I am going to ask separate inquiries of each of the three of you, but it deals with this set problem. As I claimed in my opening declaration, I am worried regarding the potential technicality that enables financiers to withdraw their financial investment in local facilities after obtaining their environment-friendly card.


Mr. Divine. I would certainly state that many of the capitalists, if you asked them what are their objectives, more info they would certainly state, "I want to obtain an eco-friendly card, and I want to keep it.

Mr. Divine. Let 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.