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And I have actually been happy to meet them and honored to invite them. Chairman Leahy. As my last inquiry, in some of the statement this early morning there has been a suggestion that, of training course, just with all the hundreds of billions, trillions of bucks prepared to spend, you must just go someplace else.


Stenger. I would certainly inform you that in this climate the capability to elevate capital for things we are doing would certainly have-- it is difficult to do so in a fashion that would enable us as effectively and as swiftly develop the things we have done. You can obtain cash if you have got 50 percent down.


I might have obtained fifty percent of that if I had the $12 million in money to set up. Everyone understands that, yes, financial institutions have money to loan as long as you have got half of it in your pocket before you ask for the other fifty percent. That is not exactly how company functions these days.

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Legislator Grassley. Legislator Grassley. I desire to confess that we only have anecdotal info, however I would like to ask you to what degree you have to go or do go to make sure that the centers make sure that the financial investments do not create jobs for individuals here unlawfully.


Mr. Stenger. We have hired-- as I claimed, at the Optimal we had 550 building and construction workers on our project.


They are made up of 10, 15, 20, 30 workers. They are benefiting directly from the financial investment. I understand the workers, I know their family members, and we have actually been able to utilize-- through these last 3 years of dreadful financial turmoil, we have actually been able to employ almost every building worker in our region and the bordering areas.

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They are spent in the areas, and they are all U.S. employees. Legislator Grassley. Mr. Stenger.


Mr. look at here North, along the exact same lines of the question I asked him, has your research shown instances other-- and I only gave one instance, so I want to confess that and be accountable about it-- of facilities employing undocumented individuals? Mr. EB5 Regional Center Program. North.




This is a negative application." So there is a quantity of poor applications around, but just once that process gets prior to an administrative law court do we see much in this website the method of detail. Now, there was one instance that you mentioned, and allow me simply clarify on that particular a little.

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


Okay. I am mosting likely to ask different questions of each of the 3 of you, however it manages this set concern. As I claimed in my opening declaration, I am concerned concerning the possible loophole that permits financiers to withdraw their investment in local facilities after getting their eco-friendly card.


Mr. Divine. I would say that many of the capitalists, if you asked them what are their objectives, they would certainly say, "I want to obtain a copyright, and I desire to keep it.


Mr. Divine. Let me ask Mr. Stenger, is it common for an investor in your experience to withdraw his or check this site out her financial investment immediately after getting an eco-friendly card? Mr.


Senator, legislator.