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And I have actually been proud to meet them and happy to welcome them. Chairman Leahy. Additionally, as my last concern, in a few of the testimony today there has been an idea that, obviously, simply with all the hundreds of billions, trillions of dollars all set to invest, you ought to just go elsewhere.


Stenger. I would certainly inform you that in this environment the capacity to increase capital for things we are doing would certainly have-- it is impossible to do so in a fashion that would enable us as efficiently and as promptly create the points we have actually done. You can borrow cash if you have got half down.


I might have obtained half of that if I had the $12 million in money to place up. Every person recognizes that, yes, financial institutions have cash to finance as long as you have obtained fifty percent of it in your pocket prior to you request the various other half. That is not just how company 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 comment from the Chairman. Senator Grassley. Senator Grassley. Thanks. I want to be liable in this issue of undocumented employees. I want to admit that we only have anecdotal details, however I would like to ask you to what extent you need to go or do go to ensure that the facilities see to it that the financial investments do not produce work for people here illegally.


Mr. Stenger. We have actually employed-- as I said, at the Peak we had 550 building and construction employees on our job.


They are made up of 10, 15, 20, 30 staff members. They are benefiting straight from the investment. I understand the workers, I recognize their families, and we have been able to use-- through these last 3 years of horrible financial chaos, we have been able to use nearly every building worker in our region and the surrounding counties.

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citizens. They stay in the area. Their families are there. They are bought the areas, and they are all united state workers. Legislator Grassley. You do not have to utilize e-verify, but I want to know whether or not you do. Mr. Stenger. We do. Senator Grassley. You do.


Thank you. Mr. North, along the same lines of the inquiry I asked him, has your research shown instances other-- and I only offered one instance, so I wish to confess that and be responsible regarding it-- of centers employing undocumented individuals? Mr. North. That kind of data is extremely difficult to acquire from USCIS, and I need to say that what we do find out about several of the interior aspects of that company as much as this program is worried connects to situations in which the team has actually stated no to an application of some kind and after that the local facility or the individual entrepreneur has mosted likely to the Administrative Appeals Workplace-- which becomes part of the company-- and there we obtain papers, we obtain a hearing policeman informing us what is going on because particular case.




This is a negative application." So there is a quantity of poor applications available, however only once that procedure gets prior to an administrative legislation judge do we see a lot in the means of information. Now, there was one situation that you discussed, and let me simply clarify on that a little bit.

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Mr - EB5 Regional Center Program. North. The dairy farm had asserted 17 employees, and they got right into it, and the court discovered that 16 of them were illegals.


Okay. I am mosting likely to ask separate inquiries of each of the 3 of you, yet it deals with this one problem. As I stated in my opening statement, I am concerned about the potential technicality that permits capitalists to withdraw their financial investment in local centers after receiving their permit.


Mr. Divine. I would certainly state that many of the investors, if you asked them what are their goals, they would state, "I desire to get an eco-friendly card, and I want to maintain it.


If I put my money in a hotel EB5 Regional Center Program advancement-- Legislator Grassley. Can I think then that you are saying that there does not need to be any kind of changes made because regard? Mr. Divine. I do not believe so. Legislator Grassley. Okay. Let me ask Mr. Stenger, is it common for an investor in your experience to withdraw his or her financial investment quickly after getting a copyright? Mr.

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Senator, no. Our programs require that the investor be spent for a minimum of 5 years and be repaid only if business is in a setting to do so at the end of that time. We have the advantage of the capital to develop the service, obtain it running, make it successful, guarantee that the work will be produced and kept, and then just if the organization is effective will certainly there be an exit approach for the financier.