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


Stenger. I would inform you that in this climate the capability to increase resources for the important things we are doing would have-- it is impossible to do so in a fashion that would certainly enable us as efficiently and as swiftly develop things we have actually done. You can obtain money if you have obtained 50 percent down.


I could have obtained fifty percent of that if I had the $12 million in cash money to put up. Every person recognizes that, yes, financial institutions have cash to lending as long as you have got half of it in your pocket before you ask for the other fifty percent. That is not how business functions these days.

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Senator Grassley. Senator Grassley. I want to admit that we just have unscientific information, however I would like to ask you to what level you have to go or do go to make certain that the facilities make certain that the financial investments do not create jobs for people here illegally.


Mr. Stenger. Legislator, I am a hands-on proprietor of a company, and I am on-property every solitary day. We have hired-- as I claimed, at the Top we had 550 building and construction employees on our task. The marching orders that I offered to my team is that we are to hire neighborhood companies in nearly every circumstances to do every one of the construction.


They are made up of 10, 15, 20, 30 staff members. They are profiting directly from the investment. I recognize the workers, I understand their families, and we have been able to employ-- with these last 3 years of awful financial chaos, we have been able to utilize almost every construction worker in our county and the bordering counties.

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


Mr. North, along the same lines of the inquiry I asked him, has your study revealed instances other-- and I just provided one example, so I want to confess that and be responsible concerning it-- of facilities employing undocumented people? Mr. EB5 Regional Center Program. North.




This is a poor application." So there is a quantity of poor applications around, but just once that procedure obtains before an administrative legislation judge do we see much in the way of information. Currently, there was one situation that you stated, and let me just specify on that particular a little bit.

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Do not take also long because I want to ask an additional pair questions. However proceed and promptly coating. Mr. North. The dairy ranch had claimed 17 workers, and they entered it, and the judge discovered that 16 of them were illegals. Now, that is the one example I have, and it is an example.


Okay. I am mosting likely to ask different questions of each of the 3 of you, yet it takes care of this one concern. As I said in my opening declaration, I am worried regarding the potential technicality that enables financiers to withdraw their financial investment in local centers after getting their permit.


Divine, are you knowledgeable about any circumstances in which a capitalist withdrew the financial investment and left quickly after obtaining a permit? And if you are, or if you believe it is a problem, do you think that it is a loophole that should be shut? Mr. Divine. I would certainly claim that most of the capitalists, if you asked what are their objectives, they would claim, get more info "I wish to get an environment-friendly card, and I desire to maintain it.


Mr. Divine. Allow me ask Mr. Stenger, is it common for a financier in your experience to withdraw his or her investment right away after getting an environment-friendly card? Mr.


Senator, no.