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And I have been pleased to satisfy them and happy to welcome them. Chairman Leahy. Also, as my last question, in several of the statement today there has actually been a tip that, naturally, just with all the thousands of billions, trillions of dollars prepared to invest, you must simply go elsewhere.


Stenger. I would certainly inform you that in this environment the capability to raise resources for things we are doing would certainly have-- it is difficult to do so in a way that would enable us as effectively and as quickly create the important things we have done. You can borrow cash if you have actually got half down.


I might have borrowed half of that if I had the $12 million in cash money to place up. Every person understands that, yes, banks have cash to funding as long as you have actually got half of it in your pocket before you ask for the other half. That is not how organization functions these days.

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Senator Grassley. Legislator Grassley. I desire to confess that we just have unscientific info, yet 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 investments do not develop work for individuals below unlawfully.


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


They are comprised of 10, 15, 20, 30 workers. They are from our local areas. They are Vermonters. They are profiting straight from the financial investment. We are a hands-on center. I know the employees, I know their households, and we have had the ability to employ-- through these last 3 years of horrible economic turmoil, we have had the ability to employ almost every construction employee in our region and the surrounding regions.

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


Mr. North, along the same lines of the concern I asked him, has your research shown examples other-- and I only offered one instance, so I want to confess that and be liable concerning it-- of facilities working with undocumented people? Mr. EB5 Regional Center Program. North.




This is a poor application." So there is an amount of bad applications around, yet only once that process gets prior to an administrative law court do we see a lot in the method of information. Now, there was one instance that you stated, and let me just elaborate on that a little.

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Do not take also long due to the fact that I wish to ask an additional couple questions. Yet go in advance and promptly surface. Mr. North. The milk farm had declared 17 employees, and they obtained right into it, and the court found that 16 of them were illegals. Currently, that is the one instance I have, and it is a fine example.


Okay. I am mosting likely to ask separate questions of each of the 3 of you, but it deals with this one problem. As I stated in my opening declaration, I am concerned regarding the potential technicality that more info permits financiers to withdraw their investment in regional facilities after receiving their permit.


Divine, are you mindful of any type of circumstances in which a financier took out the financial investment and strolled away immediately after getting a permit? And if you are, or if you believe it is an issue, do you believe that it is a loophole that should be closed? Mr. Divine. I would certainly claim that many of the investors, if you inquired what are their goals, they would state, "I wish to get a copyright, and I desire to maintain it.


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


Senator, no.