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And I have been pleased to fulfill them and happy to invite them. Chairman Leahy. As my last inquiry, in some of the testimony this early morning there has been a suggestion that, of training course, simply with all the hundreds of billions, trillions of dollars ready to invest, you should simply go someplace else.

Stenger. I would inform you that in this climate the capability to elevate resources for the important things we are doing would certainly have-- it is impossible to do so in a fashion that would certainly allow us as successfully and as swiftly create the important things we have done. You can borrow cash if you have got half down.

I might have borrowed half of that if I had the $12 million in cash to set up. Every person knows that, yes, financial institutions have cash to lending as long as you have actually got half of it in your pocket before you request for the other half. That is not exactly how business works these days.

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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. Thank you. I intend to be accountable in this problem of undocumented employees. I wish to confess that we just have unscientific info, however I would love to ask you to what degree you need to go or do go to ensure that the facilities see to it that the financial investments do not create jobs for people below unlawfully.

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

They are made up of 10, 15, 20, 30 employees. They are from our local regions. They are Vermonters. They are benefiting directly from the investment. So we are a hands-on facility. I know the employees, I recognize their families, and we have had the ability to employ-- through these last 3 years of dreadful financial turmoil, we have been able to use nearly every building employee in our region and the surrounding regions.

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citizens. They live in the location. Their households are there. They are purchased the communities, and they are all united state workers. Legislator Grassley. You do not need to make use of e-verify, but I would love to understand whether or not you do. Mr. Stenger. We do. Senator Grassley. You do.

Thanks. Mr. North, along the exact same lines of the question I asked him, has your study revealed examples other-- and I only gave one example, so I wish to admit that and be responsible concerning it-- of centers employing undocumented people? Mr. North. That sort of information is very hard to acquire from USCIS, and I should claim that what we do learn about a lot of the inner points about that company as much as this program is worried connects to cases in which the staff has said no to an application of some kind and afterwards the regional facility or the individual entrepreneur has actually mosted likely to the Administrative Appeals Office-- which belongs to the agency-- and there we get papers, we obtain a hearing police officer informing us what is going on in that specific instance.



This is a poor application." So there is an amount of negative applications around, yet get more info just as soon as that procedure obtains prior to an administrative legislation court do we see a lot in the means of information. Now, there was one situation that you pointed out, and let me simply elaborate on that particular a bit.

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

Okay. I am going to ask separate concerns of each of the three of you, but it handles this concern. As I said in my opening declaration, I am worried concerning the possible technicality that enables financiers to withdraw their investment in regional facilities after getting their environment-friendly card.

Divine, are you knowledgeable about any type of instances in which an investor withdrew the financial investment and strolled away immediately after receiving a copyright? And if you are, or if you think it is a trouble, do you assume that it is a technicality that should be closed? Mr. Divine. I would say that a lot of the financiers, if you asked them what are their goals, they would state, "I intend to obtain a permit, and I want to maintain it.

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

Senator, legislator.

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