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And I have been pleased to meet them and pleased to invite them. Chairman Leahy. Also, as my last inquiry, in some of the statement this early morning there has been a tip that, certainly, simply with all the thousands of billions, trillions of bucks prepared to spend, you need to just go elsewhere.

Stenger. I would certainly tell you that in this climate the capability to increase capital for the things we are doing would certainly have-- it is difficult to do so in a fashion that would allow us as effectively and as promptly develop the important things we have done. You can obtain money if you have actually obtained 50 percent down.


I could have obtained fifty percent of that if I had the $12 million in money to place up. Everybody recognizes that, yes, banks have money to finance as long as you have actually obtained half of it in your pocket before you request the other fifty percent. That is not exactly how business functions these days.

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You are talking from a real-world experience, not from a think container experience. I will certainly leave that merely as a gratuitous remark from the Chairman. Senator Grassley. Legislator Grassley. Thanks. I want to be accountable in this problem of undocumented employees. I wish to admit that we just have anecdotal details, however I want to ask you to what degree you need to go or do go to make certain that the facilities make certain that the investments do not create tasks for people right here unlawfully.


Mr. Stenger. We have employed-- as I said, at the Top we had 550 building employees on our project.


They are made up of 10, 15, 20, 30 employees. They are profiting straight from the investment. I know the employees, I recognize their households, and we have been able to use-- via these last 3 years of dreadful financial turmoil, we have actually been able to utilize practically every construction employee in our region and the bordering counties.

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locals. They stay in the area. Their households exist. They are purchased the neighborhoods, and they are all U.S. employees. Legislator Grassley. You do not have to use e-verify, yet I wish to know whether or not you do. Mr. Stenger. We do. Legislator Grassley. click here for info You do.


Mr. North, along the exact same lines of the concern I asked him, has your research study revealed instances various other-- and I just offered one instance, so I desire to admit that and be responsible about it-- of centers hiring undocumented individuals? Mr. EB5 Regional Center Program. North.




This is a bad application." So there is a quantity of bad applications around, but just once that procedure obtains before a management legislation court do we see a lot in the means of detail. Now, there was one case that you discussed, and let me just elaborate on that a little bit.

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Do not take too long due to the fact that I desire to ask one more pair inquiries. Go ahead and quickly surface. Mr. North. The dairy products ranch had actually claimed 17 workers, and they entered it, and the court discovered that 16 of them were illegals. Now, that is the one instance I have, and it is a fine example.


Okay. I am mosting likely to ask different questions of each of the three of you, yet it deals with this one concern. As I said in my opening statement, I am worried about the potential technicality that enables investors to withdraw their financial investment in regional centers after best site obtaining their copyright.


Divine, are you familiar with any circumstances in which an investor took out the investment and left right away after getting a permit? And if you are, or if you think it is a trouble, do you believe that it is a technicality that should be shut? Mr. Divine. I would claim that a lot of the investors, if you inquired what are their goals, they would say, "I wish to obtain a permit, and I intend to keep it.

Mr. Divine. Let me ask Mr. Stenger, check this is it usual for a financier in your experience to withdraw his or her financial investment immediately after receiving an environment-friendly card? Mr.


Senator, no.