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And I have been honored to meet them and pleased to invite them. Chairman Leahy. As my last inquiry, in some of the testament this morning there has been a pointer that, of course, just with all the hundreds of billions, trillions of dollars prepared to spend, you should just go somewhere else.


Stenger. I would certainly inform you that in this climate the ability to raise resources for things we are doing would have-- it is impossible to do so in a fashion that would allow us as effectively and as promptly develop the things we have actually done. You can obtain money if you have obtained half down.


I could have obtained half of that if I had the $12 million in cash money to set up. Everybody knows that, yes, banks have cash to loan as long as you have actually got fifty percent of it in your pocket before you ask for the various other half. That is not exactly how business functions these days.

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You are speaking from a real-world experience, not from a think container experience. I will certainly leave that simply as a gratuitous remark from the Chairman. Legislator Grassley. Legislator Grassley. Thank you. I intend to be liable in this problem of undocumented employees. I intend to confess that we only have anecdotal information, yet I want to ask you to what degree you have to go or do go to make certain that the facilities ensure that the investments do not produce work for individuals below illegally.


Mr. Stenger. We have actually hired-- as I said, at the Optimal we had 550 building and construction employees on our task.


They are made up of 10, 15, 20, 30 staff members. They are profiting directly from the investment. I recognize the employees, I recognize their households, and we have been able to utilize-- with these last 3 years of awful financial chaos, we have been able to use nearly every building worker in our area and the surrounding areas.

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They are invested in the communities, and they are all United state workers. Senator Grassley. Mr. Stenger.


Thanks. Mr. North, along the same lines of the inquiry I asked him, has your research study revealed instances other-- and I just provided one instance, so I intend to confess that and be accountable regarding it-- of facilities working with undocumented individuals? Mr. North. That kind of data is really difficult to obtain from USCIS, and I have to state that what we do know about much of the interior aspects of that firm as much as this program is concerned connects to situations in which the personnel has actually claimed no to an application of some kind and afterwards the regional facility or the specific business owner has actually mosted likely to the Administrative Appeals get more info Workplace-- which belongs to the agency-- and there we obtain papers, we obtain a hearing policeman informing us what is going on in that specific situation.




This is a bad application." There is an amount of poor applications out there, but just as soon as that process obtains prior to an administrative law court do we see much in the means of information. Now, there was one case that you stated, and let me just clarify on that a little.

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


Okay. I am going to ask separate inquiries of each of the 3 of you, however it takes care of this problem. As I said in my opening declaration, I am worried concerning the possible loophole that permits capitalists to withdraw their investment in local facilities after getting their permit.


Mr. Divine. I would certainly state that many of the investors, if you asked them what are their objectives, they would claim, "I desire to get a copyright, and I want to maintain it.


If I put my cash in a resort development-- Legislator Grassley. Can I think then that you are saying that there does not need to be any type of adjustments made in that regard? Mr. Divine. I do not believe so. Legislator Grassley. Okay. Allow me ask Mr. Stenger, is it usual for an investor in your experience to withdraw his or her financial investment immediately after receiving a permit? Mr.

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Senator, no. Our programs call for that the capitalist be spent for a minimum of 5 years and be paid back only if the business remains in a setting to do so at the end of that time. We have the advantage of the capital to produce the company, obtain it running, make it successful, assure that the work will be produced and maintained, and after that just if the service is effective will certainly there be a leave strategy for the investor.