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And I have been proud to fulfill them and honored to invite them. Chairman Leahy. As my last inquiry, in some of the testimony this morning there has actually been a pointer that, of training course, just with all the hundreds of billions, trillions of bucks ready to invest, you ought to just go someplace else.


Stenger. I would certainly inform you that in this environment the capacity to elevate resources for the important things we are doing would certainly have-- it is difficult to do so in a way that would allow us as successfully and as swiftly produce things we have done. You can borrow money if you have obtained 50 percent down.


I could have obtained fifty percent of that if I had the $12 million in money to place up. Everybody understands that, yes, banks have money to loan as long as you have actually got fifty percent of it in your pocket before you request the various other half. That is not just how company functions nowadays.

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You are talking from a real-world experience, not from a think tank experience. I will certainly leave that merely as a gratuitous remark from the Chairman. Senator Grassley. Legislator Grassley. Thanks. I intend to be responsible in this problem of undocumented workers. I desire to confess that we only have unscientific details, however I want to ask you to what level you need to go or do go to ensure that the centers ensure that the investments do not develop work for individuals here unlawfully.


Mr. Stenger. We have actually hired-- as I said, at the Top we had 550 building workers on our job.


They are made up of 10, 15, 20, 30 staff members. They are profiting directly from the investment. I know the employees, I recognize their family members, and we have more info actually been able to use-- via these last 3 years of dreadful financial chaos, we have actually been able to use virtually every building worker in our region and the surrounding regions.

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


Mr. North, along the same lines of the question I asked him, has your research study shown examples various other-- and I only provided one example, so I desire to confess that and be liable about it-- of centers employing undocumented people? Mr. EB5 Regional Center Program. North.




This is a bad application." So there is an amount of bad applications out there, but just once that procedure gets before a management regulation judge do we see a lot in the way of detail. Currently, there was one case that you stated, and let me simply elaborate on that particular a little.

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Mr - EB5 Regional Center Program. North. The milk ranch had declared 17 workers, and they obtained into it, and the court found that 16 of them were illegals.


Okay. I am going to ask separate questions of each of the 3 of you, but it handles this one issue. As I stated in my opening statement, I am concerned about the prospective loophole that allows financiers to withdraw their financial investment in local centers after getting their permit.


Mr. Divine. I would certainly claim that many of the capitalists, if you asked them what are their objectives, they would state, "I desire to get an eco-friendly card, and I desire to keep it.


Mr. Divine. Allow me ask Mr. Stenger, is it typical for a capitalist in your experience to withdraw his or her financial investment immediately after obtaining a copyright? Mr.


Senator, legislator.