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And I have been honored to meet them and honored to welcome them. Chairman Leahy. Also, as my last concern, in several of the statement today there has been a suggestion that, certainly, just with all the hundreds of billions, trillions of dollars all set to invest, you need to just go elsewhere.


Stenger. I would certainly tell you that in this climate the capacity to raise capital for things we are doing would have-- it is difficult to do so in a fashion that would certainly allow us as properly and as quickly develop things we have done. You can obtain money if you have obtained half down.


I might have borrowed half of that if I had the $12 million in cash to set up. Everyone recognizes that, yes, banks have cash to finance as long as you have actually got fifty percent of it in your pocket prior to you request the other fifty percent. That is not exactly how organization works these days.

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Senator Grassley. Senator Grassley. I want to confess that we just have unscientific details, however I would certainly such as to ask you to what degree you have to go or do go to make certain that the centers make sure that the investments do not create work for people right here illegally.


Mr. Stenger. We have actually employed-- as I stated, at the Top we had 550 building employees on our task.


They are comprised of 10, 15, 20, 30 staff members. They are from our neighborhood areas. They are Vermonters. They are profiting directly from the financial investment. So we are a hands-on center. I understand the workers, I know their families, and we have been able to use-- through these last 3 years of awful financial chaos, we have actually had the ability to use nearly every building employee in our region and the bordering areas.

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residents. They reside in the location. Their households exist. They are bought the areas, and they are all united state workers. Senator Grassley. You do not need to utilize e-verify, but I want to recognize look at here now whether you do. Mr. Stenger. We do. Legislator Grassley. You do.


Mr. North, along the very same lines of the inquiry I asked him, has your research revealed instances various other-- and I just provided one instance, so I want to confess that and be accountable regarding it-- of centers employing undocumented individuals? Mr. EB5 Regional Center Program. North.




This is a negative application." So there is a quantity of poor applications out there, however just as soon as that procedure obtains before a management legislation judge do we see a lot in the method of detail. Currently, there was one instance that you mentioned, and allow me simply clarify on that a little bit.

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Do not take as well long due to the fact that I wish to ask one more couple questions. However proceed and rapidly surface. Mr. North. The milk farm had actually asserted 17 workers, and they got involved in it, and the court located that 16 of them were illegals. Now, that is the one instance I have, and it is an example.


Okay. I am going to ask different concerns of each of the three of you, yet it deals with this one concern. As I said in my opening statement, I am worried concerning the possible loophole that permits investors to withdraw their investment in regional facilities after obtaining their permit.


Mr. Divine. I would certainly claim that many of the financiers, if you asked them what are their goals, they would claim, "I want to get a copyright, and I want to maintain it.


If I place my money in a hotel development-- Legislator Grassley. Can I presume then that you are claiming that there does not require to article be any adjustments made in that respect? Mr. Divine. I find do not believe so. Legislator Grassley. Okay. Let me ask Mr. Stenger, is it usual for a financier in your experience to withdraw his/her financial investment right away after obtaining a permit? Mr.

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Legislator, no. Our programs need that the investor be spent for a minimum of 5 years and be paid back just if business remains in a position to do so at the end of that time. We have the benefit of the resources to produce the organization, get it running, make it effective, guarantee that the jobs will be developed and preserved, and then only if the organization is effective will certainly there be a leave strategy for the financier.