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And I have actually been honored to satisfy them and happy to invite them. Chairman Leahy. Additionally, as my last question, in a few of the testimony this early morning there has actually been a pointer that, of training course, simply with all the hundreds of billions, trillions of bucks prepared to invest, you need to simply go elsewhere.


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


I could have borrowed fifty percent of that if I had the $12 million in cash money to set up. Everybody knows that, yes, financial institutions have cash to financing as long as you have obtained half of it in your pocket prior to you ask for the various other half. That is not just how organization works nowadays.

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Legislator Grassley. Senator Grassley. I desire to confess that we only have unscientific details, but I would like to ask you to what extent you have to go or do go to make certain that the centers make certain that the investments do not produce work for people here illegally.


Mr. Stenger. We have employed-- as I stated, at the Height we had 550 building workers on our project.


They are made up of 10, 15, 20, 30 employees. They are from our regional regions. They are Vermonters. They are benefiting straight from the financial investment. So we are a hands-on facility. I recognize the employees, I know their families, and we have actually had the ability to employ-- via these last 3 years of horrible financial turmoil, we have actually had the ability to employ nearly every building and construction worker in our region and the surrounding regions.

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locals. They stay in the location. Their households exist. They are invested in the communities, and they are all U.S. workers. Senator Grassley. You do not have to utilize e-verify, yet I would love to know whether you do. Mr. Stenger. We do. Senator Grassley. You do.


Thanks. Mr. North, along the same lines of the question I asked him, has your research revealed examples various other-- and I just offered one example, so I want to confess that and be liable concerning it-- of facilities working with undocumented individuals? Mr. North. That kind of information is extremely difficult to acquire from USCIS, and I must say that what we do understand about a number of the internal things concerning that firm as far as this program is concerned associates to situations in which the personnel has claimed no to an application of some kind and after that the local center or the individual entrepreneur has gone to the Administrative Appeals Office-- which becomes part of the agency-- and there we obtain papers, we get a hearing officer informing us what is going on because particular instance.




This is a poor application." So there is an amount of poor applications out there, however only once that procedure obtains prior to an administrative law court do we see a lot in the means of information. Now, there was one instance that you stated, and allow me just clarify on that a read more bit.

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Do not take also long due to the fact that I intend to ask one more pair concerns. However go on and swiftly coating. Mr. North. The milk farm had claimed 17 employees, and they entered it, and the court discovered that 16 of them were illegals. Currently, that is the one example I have, and it is an example.


Okay. I am mosting likely to ask different concerns of each of the 3 of you, yet it handles this one concern. As I stated in my opening declaration, I am worried about the possible loophole that allows investors to withdraw their financial investment in regional centers after receiving their environment-friendly card.


Divine, are you knowledgeable about any instances in which a financier withdrew the financial investment and walked away immediately after receiving a copyright? And if you are, or if you think it is an issue, do you think that it is a technicality that should be shut? Mr. Divine. I would claim that many of the capitalists, if you asked what are their objectives, they would claim, "I wish to get a permit, and I wish to keep it.


If I put my money in a hotel development-- Legislator Grassley. Can I think then that you are stating that there does not need to be any modifications made in that respect? Mr. Divine. I do not assume so. Senator Grassley. Okay. Let me ask Mr. Stenger, is it common for a capitalist in your experience to withdraw his/her investment promptly after getting a permit? Mr.

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Senator, no. Our programs need that the capitalist be invested for a minimum of 5 years and be paid back only if business is in a setting to do so at the end of that time. We have the advantage of the resources to produce the company, obtain it running, make it successful, assure that the jobs will be created and kept, and after that just if the business is successful will there be a departure method for the investor.