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And I have actually been happy to fulfill them and pleased to invite them. Chairman Leahy. As my last inquiry, in some of the testament this morning there has been an idea that, of training course, simply with all the hundreds of billions, trillions of bucks all set to spend, you ought to just go somewhere else.


Stenger. I would tell you that in this environment the ability to increase funding for things we are doing would have-- it is impossible to do so in a fashion that would certainly permit us as effectively and as swiftly develop the important things we have done. You can obtain cash if you have obtained 50 percent down.


I might have obtained half of that if I had the $12 million in money to place up. Everyone knows that, yes, banks have money to lending as long as you have actually obtained fifty percent of it in your pocket prior to you ask for the various other fifty percent. That is not how organization functions nowadays.

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You are talking from a real-world experience, not from a brain trust experience. I will certainly leave that merely as an unjustified remark from the Chairman. Senator Grassley. Senator Grassley. Thanks. I intend to be accountable in this issue of undocumented workers. I intend to admit that we just have anecdotal info, but I would love to ask you to what extent you have to go or do most likely to make certain that the centers make certain that the financial investments do not create jobs for individuals below unlawfully.


Mr. Stenger. Legislator, I am a hands-on owner of a service, and I am on-property every day. We have hired-- as I said, click here now at the Height we had 550 building and construction employees on our project. The marching orders that I gave to my group is that we are to work with neighborhood firms in virtually every instance to do every one of the building and construction.


They are made up of 10, 15, 20, 30 workers. They are profiting directly from the investment. I recognize the employees, I recognize their households, and we have actually been able to utilize-- via these last 3 years of horrible economic turmoil, we have actually been able to utilize almost every construction worker in our area and the bordering regions.

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


Mr. North, along the very same lines of the concern I asked him, has your research shown click now instances other-- and I just offered one example, so I desire to admit that and be liable concerning it-- of centers working with undocumented people? Mr. EB5 Regional Center Program. North.




This is a poor application." So there is an amount of poor applications around, but only once that procedure obtains prior to a management law court do we see a lot in the method of information. Now, there was one instance that you discussed, and allow me simply clarify on that particular a bit.

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


Okay. I am going to ask different inquiries of each of the 3 of you, yet it takes care of this issue. As I said in my opening statement, I am worried about the potential technicality that allows capitalists to withdraw their investment in regional centers after obtaining their copyright.


Mr. Divine. I would certainly claim that most of the capitalists, if you asked them what are their goals, they this page would certainly state, "I desire to get an environment-friendly card, and I desire to maintain it.


Mr. Divine. Let me ask Mr. Stenger, is it typical for a capitalist in your experience to withdraw his or her financial investment promptly after receiving an environment-friendly card? Mr.


Senator, no.