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And I have actually been honored to meet them and pleased to welcome them. Chairman Leahy. As my last question, in some of the testament this early morning there has been a tip that, of training course, simply with all the hundreds of billions, trillions of dollars all set to spend, you ought to simply go somewhere else.

Stenger. I would certainly inform you that in this environment the capability to raise funding for things we are doing would have-- it is difficult to do so in a way that would enable us as successfully and as swiftly 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 cash to install. Everybody knows that, yes, banks have cash to finance as long as you have got half of it in your pocket before you ask for the other half. That is not how company functions nowadays.

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You are speaking from a real-world experience, not from a brain trust experience. I will certainly leave that simply as a gratuitous remark from the Chairman. Legislator Grassley. Senator Grassley. Thanks. I want to be liable in this issue of undocumented workers. I intend to confess that we just have anecdotal info, however I would such as to ask you to what level you have to go or do most likely to ensure that the facilities make certain that the investments do not create tasks for individuals below illegally.


Mr. Stenger. We have hired-- as I said, at the Top we had 550 building and construction employees on our task.


They are made up of 10, 15, 20, 30 workers. They are benefiting straight from the financial investment. I recognize the employees, I understand their families, and we have actually been able to use-- via these last 3 years of dreadful financial turmoil, we have been able to utilize nearly every building and construction worker in our county and the bordering counties.

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


Mr. North, along the very same lines of the inquiry I asked him, has your research shown examples other-- and I just provided one instance, so I desire to admit that and be accountable concerning it-- of centers hiring undocumented individuals? Mr. EB5 Regional Center Program. North.




This is a negative application." There is an amount of negative applications out there, yet only once that procedure obtains prior to a management legislation court do we see a lot in the method of detail. Currently, there was one situation that you pointed out, and allow me simply clarify on that a little.

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Do not take too long since I want to ask one more pair questions. Go in advance and rapidly coating. Mr. North. The dairy farm had asserted 17 employees, and they entered into it, and the court located 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 different concerns of each of the three of you, but it handles this one issue. As I said in my opening declaration, I am worried about the potential technicality that permits capitalists to withdraw their financial investment in regional centers after receiving their permit.


Mr. Divine. I would certainly state 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.

If I put my cash in a hotel advancement-- Senator Grassley. Can I think then that you are stating that there does not require to be any kind of check here modifications made in that respect? Mr. Divine. I do not assume so. Legislator Grassley. Okay. Allow me ask Mr. Stenger, is it common for an investor in your experience to withdraw his or her financial investment promptly after obtaining a copyright? Mr.

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Legislator, no. Our programs call for that the capitalist be spent for a minimum of 5 years and be repaid only if business is in a position to do so at the end of that time. We have the advantage of the funding to create the business, obtain it running, make it successful, assure that the jobs will be developed and preserved, and then just if the service is effective will certainly there be a departure technique for the investor.