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And I have actually been proud to satisfy them and honored to welcome them. Chairman Leahy. As my last inquiry, in some of the testimony this morning there has been a pointer that, of course, just with all the hundreds of billions, trillions of dollars prepared to invest, you must simply go someplace else.


Stenger. I would tell you that in this climate the capacity to increase funding for the things we are doing would certainly have-- it is difficult to do so in a way that would enable us as properly and as promptly produce things we have actually done. You can borrow money if you have actually got 50 percent down.


I can have obtained half of that if I had the $12 million in cash to install. Everyone knows that, yes, financial institutions have cash to lending as long as you have got half of it in your pocket prior to you request for the other half. That is not just how business works nowadays.

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Legislator Grassley. Senator Grassley. I desire to confess that we only have unscientific details, yet I would like to ask you to what degree you have to go or do go to make sure that the facilities make sure that the financial investments do not produce work for individuals right here unlawfully.


Mr. Stenger. Senator, I am a hands-on owner of a business, and I am on-property every solitary day. We have actually worked with-- as I said, at the Optimal we had 550 building employees on our project. The marching orders that I offered to my group is that we are to hire regional firms in almost every instance to do every one of the building and construction.


They are made up of 10, 15, 20, 30 workers. They are benefiting directly from the financial investment. I understand the workers, I know their families, and we have actually been able to use-- with these last 3 years of awful economic turmoil, we have actually been able to use almost every construction worker in our area and the surrounding areas.

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


Mr. North, along the exact same lines of the inquiry I asked him, has your study revealed instances other-- and I only gave one instance, so I desire to confess that and be responsible regarding it-- of centers working with undocumented individuals? Mr. EB5 Regional Center Program. North.




This is a negative go to this website application." There is an amount of bad applications out there, but only once that procedure gets before an administrative law judge do we see much in the means of information. Currently, there was one situation that you pointed out, and allow me simply specify on that a little.

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Do not take too long due to the fact that I desire to ask one more pair concerns. Yet go on and rapidly surface. Mr. North. The dairy farm had claimed 17 workers, and they entered it, and the judge located that 16 of them were illegals. Now, that is the one example I have, and it is a fine example.


Okay. I am mosting likely to ask different questions of each of the 3 of you, but it deals with this one problem. As I claimed in my opening declaration, I am worried regarding the potential loophole that enables financiers to withdraw their investment in local centers after obtaining their permit.


Divine, are you mindful of any kind useful source of circumstances in which an investor took out the investment and strolled away immediately after getting an environment-friendly card? And if you are, or if you assume it is a problem, do you assume that it is a technicality that should be closed? Mr. Divine. I would certainly state that many of the financiers, if you asked them what are their objectives, they would certainly claim, "I desire to obtain a copyright, and I wish to keep it.


Mr. Divine. Let me ask Mr. Stenger, is it common for an investor company website in your experience to withdraw his or her financial investment promptly after receiving an eco-friendly card? Mr.


Senator, legislator.