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And I have been proud to meet them and pleased to invite them. Chairman Leahy. Likewise, as my last concern, in several of the testimony today there has actually been an idea that, certainly, simply with all the thousands of billions, trillions of bucks all set to spend, you need to simply go elsewhere.


Stenger. I would inform you that in this environment the ability to increase resources for things we are doing would have-- it is impossible to do so in a manner that would certainly allow us as efficiently and as rapidly produce things we have actually done. You can obtain money if you have obtained half down.


I could have obtained half of that if I had the $12 million in cash to install. Everyone understands that, yes, financial institutions have cash to finance as long as you have got fifty percent of it in your pocket before you ask for the various other half. That is not how service works nowadays.

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You are speaking from a real-world experience, not from a brain trust experience. I will certainly leave that just as an unjustified remark from the Chairman. Legislator Grassley. Senator Grassley. Thanks. I want to be accountable in this problem of undocumented workers. I wish to admit that we only have unscientific information, yet I would certainly like to ask you to what level you have to go or do go to see to it that the facilities ensure that the financial investments do not develop work for individuals here illegally.


Mr. Stenger. Legislator, I am a hands-on owner of a service, and I am on-property every single day. We have employed-- as I said, at the Optimal we had 550 construction workers on our task. The marching orders that I offered to my group is that we are to employ regional business in practically every circumstances to do every one of the construction.


They are made up of 10, 15, 20, 30 employees. They are profiting straight from the financial investment. I understand the workers, I know their family members, and we have been able to employ-- through these last 3 years of horrible financial chaos, we have actually been able to utilize almost every building worker in our county and the surrounding areas.

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They are spent in the communities, and they are all U.S. employees. Legislator Grassley. Mr. Stenger.


Mr. North, along the exact same lines of the question I asked him, has your study shown instances various other-- and I only offered one instance, so I desire to confess that and be liable concerning it-- of centers hiring undocumented people? Mr. EB5 Regional Center Program. North.




This is a bad application." So there is an amount of poor applications available, but just once that procedure obtains prior to a management legislation judge do we see a lot in the method of detail. Currently, there was one situation that you discussed, and let me simply specify on that a little.

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Do not take also long because I wish to ask another couple questions. But go on and quickly coating. Mr. North. The milk farm had declared 17 workers, and they entered it, and the judge found that 16 of them were illegals. Now, that is the one example I have, and it is a good instance.


Okay. I am mosting likely to ask different concerns of each of the three of you, yet it manages this set problem. As I stated in my opening statement, I am worried regarding the potential loophole that permits financiers to withdraw their investment in regional facilities after getting their copyright.


Divine, are you aware of any kind of circumstances in which a financier withdrew the financial investment and walked away quickly after getting an eco-friendly card? And if you are, or if you think it is a problem, do you assume that it is a loophole that should be shut? Mr. Divine. I would certainly say website that most of the capitalists, if you inquired what are their goals, they would say, "I intend to get a permit, and I wish to keep it.


If I put my money in a resort growth-- Senator Grassley. Can I assume then that you are saying that there does not need to be any kind of modifications made because respect? Mr. Divine. I do not think so. Senator Grassley. Okay. Let me ask Mr. Stenger, is it common for a financier in your experience to withdraw his or her investment quickly after receiving a permit? Mr.

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Legislator, no. Our programs call for that the capitalist be spent for a minimum of 5 years and be paid back just if the organization is in a position to do so at the end of that time. We have the benefit of the capital to create the business, get it running, make it successful, ensure that the work will certainly be developed and preserved, and after that only if the service is successful will certainly there be a departure technique for the capitalist.