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And I have been happy to meet them and proud to invite them. Chairman Leahy. Likewise, as my last inquiry, in a few of the testament this early morning there has been a recommendation that, certainly, simply with all the hundreds of billions, trillions of bucks all set to spend, you should simply go somewhere else.


Stenger. I would tell you that in this climate the capability to raise resources for things we are doing would have-- it is impossible to do so in a manner that would certainly permit us as successfully and as rapidly develop the important things we have actually done. You can obtain money if you have actually got half down.


I can have obtained half of that if I had the $12 million in money to install. Everybody knows that, yes, banks have money to funding as long as you have obtained fifty percent of it in your pocket before you ask for the various other fifty percent. That is not how service functions nowadays.

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Senator Grassley. Legislator Grassley. I want to confess that we just have anecdotal info, however I would like to ask you to what level you have to go or do go to make sure that the centers make certain that the investments do not produce jobs for people right here illegally.


Mr. Stenger. We have actually employed-- as I claimed, at the Peak we had 550 construction employees on our task.


They are made up of 10, 15, 20, 30 workers. They are benefiting straight from the financial investment. I know the employees, I recognize their households, and we have actually been able to utilize-- through these last 3 years of awful here financial chaos, we have been able to use nearly every construction employee in our region and the surrounding counties.

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They are invested in the areas, and they are all United state employees. Legislator Grassley. Mr. Stenger.


Mr. North, along the very same lines of the question I asked him, has your research study revealed examples various other-- and I just gave one example, so I desire to admit that and be liable regarding it-- of centers working with undocumented people? Mr. EB5 Regional Center Program. North.




This is a bad application." There is a quantity of negative applications out there, but just once that procedure gets prior to an administrative legislation court do we see much in the means of information. Now, there was one case that you mentioned, and allow me just elaborate on that a little.

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Do not take as well long because I desire to ask one more pair inquiries. However go on and promptly coating. Mr. North. The dairy products farm had claimed 17 workers, and they entered it, and the judge found 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 separate inquiries of each of the 3 of you, however it deals with this concern. As I claimed in my opening declaration, I am worried about the possible technicality that permits capitalists to withdraw their investment in local facilities after obtaining their eco-friendly card.


Divine, are you aware of any circumstances in which a capitalist withdrew the financial investment and left right away after getting a permit? And if you are, or if you think it is an issue, do you believe that it is a technicality that should be closed? Mr. Divine. I would certainly state that many of the financiers, if you inquired what are their objectives, they would claim, "I intend to obtain a copyright, and I intend to maintain it.


Mr. Divine. Let me ask Mr. Stenger, is it typical for a financier in your experience to withdraw his or her investment instantly after getting a copyright? Mr.


Senator, legislator.