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And I have been honored to meet them and pleased to invite them. Chairman Leahy. As my last concern, in some of the testimony this early morning there has actually been a tip that, of training course, simply with all the hundreds of billions, trillions of dollars all set to invest, you need to just go someplace else.


Stenger. I would certainly inform you that in this environment the capability to raise capital for the things we are doing would certainly have-- it is impossible to do so in a manner that would permit us as successfully and as quickly create things we have actually done. You can borrow cash if you have got half down.


I might have obtained half of that if I had the $12 million in cash money to install. Everyone knows that, yes, banks have cash to loan as long as you have got fifty percent of it in your pocket before you ask for the various other fifty percent. That is not just how organization functions these days.

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Legislator Grassley. Legislator Grassley. I desire to admit that we just have unscientific information, yet I would certainly like to ask you to what extent you have to go or do go to make certain that the centers make sure that the financial investments do not create tasks for individuals below unlawfully.


Mr. Stenger. We have employed-- as I said, at the this website Top we had 550 building employees on our job.


They are made up of 10, 15, 20, 30 employees. They are from our local counties. They are Vermonters. They are benefiting directly from the investment. So we are a hands-on facility. I know the employees, I understand their families, and we have actually had the ability to my response utilize-- through these last 3 years of dreadful economic turmoil, we have actually been able to utilize almost every building employee in our county and the surrounding 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 exact same lines of the question I asked him, has your research study revealed instances various other-- and I just provided one instance, so I want to admit that and be accountable regarding it-- of centers employing undocumented individuals? Mr. EB5 Regional Center Program. North.




This is a negative application." There is an amount of poor applications out there, yet only once that procedure obtains before an administrative law court do we see a lot in the way of information. Currently, there was one situation that you discussed, and allow me just elaborate on that particular a bit.

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Mr - EB5 Regional Center Program. North. The milk ranch had actually declared visit the website 17 workers, and they got 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, however it deals with this one issue. As I claimed in my opening declaration, I am worried concerning the possible technicality that enables financiers to withdraw their investment in regional centers after obtaining their environment-friendly card.


Mr. Divine. I would certainly state that most of the capitalists, if you asked them what are their goals, they would claim, "I want to obtain an eco-friendly card, and I want to keep it.


Mr. Divine. Allow me ask Mr. Stenger, is it common for a capitalist in your experience to withdraw his or her investment promptly after getting a copyright? Mr.


Senator, legislator.