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And I have actually been pleased to meet them and pleased to welcome them. Chairman Leahy. Likewise, as my last concern, in a few of the testimony this morning there has been a suggestion that, of program, just with all the thousands of billions, trillions of bucks all set to invest, you need to just go elsewhere.


Stenger. I would tell you that in this environment the capacity to raise capital for the points we are doing would have-- it is difficult to do so in a fashion that would certainly allow us as efficiently and as quickly create the points we have actually done. You can obtain money if you have actually got 50 percent down.


I could have obtained half of that if I had the $12 million in cash to put up. Everyone recognizes that, yes, financial institutions have cash to lending as long as you have got half of it in your pocket before you request the various other fifty percent. That is not how company works these days.

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You are speaking from a real-world experience, not from a think storage tank experience. I will leave that just as an unjustified remark from the Chairman. Senator Grassley. Senator Grassley. Thank you. I intend to be responsible in this concern of undocumented workers. I want to admit that we just have unscientific information, however I want to ask you to what degree you need to go or do most likely to make sure that the facilities make certain that the financial investments do not create jobs for people below illegally.


Mr. Stenger. We have hired-- as I claimed, at the Optimal we had 550 building employees on our job.


They are composed of 10, 15, 20, 30 staff members. They are from our neighborhood areas. They are Vermonters. They are profiting straight from the investment. So we are a hands-on facility. I recognize the employees, I recognize their family members, and we have actually had the ability to utilize-- with these last 3 years of awful economic turmoil, we have actually had the ability to use virtually every building and construction employee in our area and the bordering counties.

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They are invested in the areas, and they are all U.S. employees. Senator Grassley. Mr. Stenger.


Thanks. Mr. North, learn the facts here now along the same lines of the concern I asked him, has your research revealed instances other-- and I only provided one instance, so I wish to confess that and be accountable regarding it-- of facilities working with undocumented people? Mr. North. That sort of information is very difficult to get from USCIS, and I have to state that what we do learn about a lot of the inner features of that company as for this program is worried relates to situations in which the team has stated no to an application of some kind and afterwards the regional facility or the private entrepreneur has actually mosted likely to the Administrative Appeals Workplace-- which belongs to the agency-- and there we obtain files, we obtain a hearing police officer informing us what is taking place because particular case.




This is a negative application." There is an amount of negative applications out there, yet just when that process gets prior to a management regulation court do we see a lot in the method of information. Currently, there was one case that you discussed, and let me simply specify on that particular a little bit.

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


Okay. I am going to ask different questions of each of the three of you, but it takes care of this problem. As I stated in my opening statement, I am concerned about the potential technicality that allows investors to withdraw their investment her explanation in regional centers after receiving their permit.


Mr. Divine. I would claim that most of the capitalists, if you asked them what are their objectives, they would claim, "I want read what he said to obtain an eco-friendly card, and I want to maintain it.


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


Senator, no.