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And I have actually been happy to fulfill them and happy to invite them. Chairman Leahy. Also, as my last concern, in several of the testimony this early morning there has actually been a tip that, of program, simply with all the hundreds of billions, trillions of bucks all set to invest, you must simply go elsewhere.


Stenger. I would certainly tell you that in this climate the ability to raise capital for things we are doing would certainly have-- it is impossible to do so in a way that would allow us as efficiently and as rapidly create 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 money to put up. Every person knows that, yes, financial institutions have cash to financing as long as you have actually got half of it in your pocket prior to you request the various other fifty percent. That is not exactly how business functions these days.

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Legislator Grassley. Senator Grassley. I want to admit that we just have unscientific information, however I would certainly such as to ask you to what level you have to go or do go to make sure that the centers make sure that the financial investments do not create jobs for people below unlawfully.


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


They are made up of 10, 15, 20, 30 workers. They are from our local counties. They are Vermonters. They are benefiting directly from the investment. We are a hands-on center. I recognize the workers, I know their family members, and we have actually had the ability to utilize-- with these last 3 years of horrible economic turmoil, we have been able to use almost every building and construction worker in our county and the bordering areas.

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residents. They reside in the area. Their households are there. They are purchased the communities, and they are all U.S. employees. Legislator Grassley. You do not have to utilize e-verify, yet I would love to know whether you do. Mr. read this post here Stenger. We do. Senator Grassley. You do.


Mr. North, along the very same lines of the inquiry I asked him, has your useful source study revealed instances various other-- and I just gave one example, so I want to admit that and be accountable concerning it-- of centers hiring undocumented individuals? Mr. EB5 Regional Center Program. North.




This is a poor application." So there is an amount of poor applications available, but just as soon as that procedure obtains prior to an administrative law court do we see a lot in the method of detail. Now, there was one case that you discussed, and let me simply clarify on that a little bit.

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Mr - EB5 Regional Center Program. North. Get More Info The dairy products farm had actually declared 17 employees, and they got into it, and the judge discovered that 16 of them were illegals.


Okay. I am going to ask separate concerns of each of the three of you, however it takes care of this problem. As I stated in my opening statement, I am concerned about the prospective loophole that enables investors to withdraw their investment in local facilities after obtaining their permit.


Mr. Divine. I would claim that most of the investors, if you asked them what are their objectives, they would claim, "I want to get an environment-friendly card, and I want to maintain it.


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


Senator, no.