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And I have been happy to meet them and honored to welcome them. Chairman Leahy. As my last concern, in some of the testimony this morning there has actually been a suggestion that, of course, just with all the hundreds of billions, trillions of bucks ready to invest, you ought to just go someplace else.


Stenger. I would certainly inform you that in this climate the capability to increase funding for things we are doing would certainly have-- it is difficult to do so in a manner that would permit us as successfully and as rapidly develop the important things we have actually done. You can borrow cash if you have got half down.


I can have obtained half of that if I had the $12 million in cash money to install. Every person knows that, yes, banks have cash to funding as long as you have actually got fifty percent of it in your pocket prior to you request the various other half. That is not how service works these days.

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You are talking from a real-world experience, not from a brain trust experience. I will certainly leave that just as a gratuitous remark from the Chairman. Legislator Grassley. Senator Grassley. Thank you. I intend to be accountable in this problem of undocumented employees. I intend to confess that we just have unscientific info, yet I would love to ask you to what level you need to go or do most likely to see to it that the facilities see to it that the investments do not produce tasks for individuals here unlawfully.


Mr. Stenger. Senator, I am a hands-on proprietor of a business, and I am on-property every solitary day. We have actually hired-- as I claimed, at the Height we had 550 construction workers on our task. The marching orders that I provided to my group is that we are to employ neighborhood 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 from our regional regions. They are Vermonters. They are benefiting directly from the investment. So we are a hands-on facility. I recognize the employees, I recognize their families, and we have had the ability to employ-- with these last 3 years of terrible economic turmoil, we have actually been able to use nearly every construction worker in our county and the bordering areas.

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citizens. They live in the location. Their households exist. They are bought the neighborhoods, and they are all U.S. workers. Senator Grassley. You do not need to use e-verify, yet I would love to know whether you do. Mr. Stenger. We do. Legislator Grassley. You do.


Thanks. Mr. North, along the same lines of the concern I asked him, has your study revealed instances various other-- and I only offered one instance, so I intend to admit that and be responsible about it-- of facilities hiring undocumented individuals? Mr. North. That kind of information is really hard to obtain from USCIS, and I should claim that what we do find out about several of the interior things concerning that agency regarding this program is concerned connects to cases in which the personnel has actually claimed no to an application click here of some kind and afterwards the regional center or the private business owner has mosted likely to the Administrative Appeals Workplace-- which belongs to the firm-- and there we get papers, we obtain a hearing officer telling us what is taking place in that particular instance.




This is a bad application." So there is an amount of bad applications around, yet only as soon as that procedure obtains before an administrative law judge do we see much in the method of detail. Now, there was one situation that you stated, and allow me just clarify on that particular a bit.

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Mr - EB5 Regional Center Program. North. The dairy products farm had actually claimed 17 employees, and they got right into it, and the judge located that 16 of them were illegals.


Okay. I am going to ask separate questions of each of the three of you, yet it handles this set issue. As I said in my opening declaration, I am worried concerning the prospective loophole that allows investors to withdraw their financial investment in local facilities after getting their environment-friendly card.


Divine, are you familiar with any type of instances in which a financier withdrew the investment and walked away quickly after receiving a copyright? And if you are, or if you believe it is an issue, do you believe that it is a technicality that should be shut? Mr. Divine. I would certainly state that many of the investors, if you asked them what are their goals, they would claim, "I want to obtain an environment-friendly card, and I want to maintain it.


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


Senator, legislator.