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And I have actually been happy to satisfy them and happy to welcome them. Chairman Leahy. As my last concern, in some of the statement this morning there has actually been a pointer that, of program, just with all the hundreds of billions, trillions of bucks all set to invest, you need to just go somewhere else.


Stenger. I would certainly inform you that in this environment the capability to elevate capital for the things we are doing would certainly have-- it is difficult to do so in a way that would allow us as efficiently and as swiftly develop things we have actually done. You can borrow cash if you have actually got 50 percent down.


I might have obtained half of that if I had the $12 million in money to install. Every person knows that, yes, financial institutions have money to finance as long as you have obtained half of it in your pocket before you request the other half. That is not exactly how organization functions nowadays.

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You are talking from a real-world experience, not from a brain trust experience. I will certainly leave that simply as an unjustified remark from the Chairman. Senator Grassley. Legislator Grassley. Thanks. I desire to be responsible in this problem of undocumented employees. I want to confess that we just have anecdotal info, however I wish to ask you to what level you have to go or do go to make sure that the facilities make certain that the investments do not develop tasks for people here illegally.


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


They are comprised of 10, 15, 20, 30 employees. They are from our regional counties. They are Vermonters. They are profiting straight from the financial investment. So we are a hands-on facility. I understand the employees, I understand their families, and we have actually been able to employ-- through these last 3 years of horrible financial chaos, we have been able to use almost every construction worker in our area and the bordering counties.

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They are spent in the communities, 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 shown instances other-- and I just offered one example, so I desire to admit that and be liable about it-- of centers working with go to my site undocumented individuals? Mr. EB5 Regional Center Program. North.




This is a negative application." There is an amount of negative applications out there, however just when that procedure obtains before a management law court do we see much in the way of information. Currently, there was one instance that you stated, and let me just clarify on that particular a bit.

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Do not take too long because I want to ask an additional couple questions. Go in advance and promptly finish. Mr. North. The dairy products farm had asserted 17 employees, and they entered it, and the judge discovered that 16 of them were illegals. Now, that is the one instance I have, and it is a fine example.


Okay. I am going to ask different inquiries of each of the 3 of you, however it handles this concern. As I stated in my opening declaration, I am worried regarding the potential technicality that enables investors to withdraw their investment in regional facilities after obtaining their permit.


Divine, are you knowledgeable about any type of instances in which a capitalist withdrew the financial investment and left promptly after obtaining a permit? And if you are, or if you assume it is a trouble, do you think that it is a loophole that should be closed? Mr. Divine. I would say that a lot of the investors, if you inquired what are their goals, they would certainly state, "I wish to pop over to this site get an environment-friendly card, and I want to maintain it.


If I place my money in a resort development-- Legislator Grassley. Can I think then that you are saying that there does not need to be any adjustments made in that regard? Mr. Divine. I do not think my site so. Senator Grassley. Okay. Allow me ask Mr. Stenger, is it usual for an investor in your experience to withdraw his/her investment right away after receiving a permit? Mr.

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Legislator, no. Our programs require that the financier be spent for a minimum of 5 years and be paid back just if the company remains in a placement to do so at the end of that time. We have the benefit of the capital to create the company, get it running, make it effective, ensure that the jobs will certainly be produced and preserved, and then just if the service is successful will certainly there be a departure method for the financier.