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And I have actually been pleased to fulfill them and pleased to welcome them. Chairman Leahy. As my last concern, in some of the testament this early morning there has been a recommendation that, of course, simply with all the hundreds of billions, trillions of dollars ready to invest, you must simply go someplace else.


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


I could have obtained fifty percent of that if I had the $12 million in cash to set up. Everybody knows that, yes, financial institutions have cash to funding as long as you have obtained half of it in your pocket prior to you request the various other fifty percent. That is not just how business functions these days.

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Legislator Grassley. Legislator Grassley. I want to confess that we just have unscientific information, however I would such as to ask you to what level you have to go or do go to make sure that the centers make certain that the investments do not develop jobs for people right here illegally.


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


They are made up of 10, 15, 20, 30 workers. They are benefiting directly from the financial investment. I understand the employees, I understand their households, and we have been able to use-- with these last 3 years of dreadful financial turmoil, we have been able to employ virtually every building and construction employee in our county and the bordering regions.

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homeowners. They reside in the location. Their families exist. They are invested in the neighborhoods, and they are all united state workers. Senator Grassley. You do not need to use e-verify, however I would certainly like to understand whether you do. Mr. Stenger. We do. Senator Grassley. You do.


Thank you. Mr. North, along the very same lines of the question I asked him, has your research study revealed instances other-- and I only provided one instance, so I intend to confess that and be responsible regarding it-- of facilities hiring undocumented people? Mr. North. That kind of data is extremely tough to obtain try here from USCIS, and I should claim that what we do understand about much of the inner points about that agency as far as this program is worried connects to cases in which the staff has stated no to an application of some kind and after that the local facility or the specific entrepreneur has gone to the Administrative Appeals Office-- which is component of the agency-- and there we get files, we get a hearing policeman informing us what is taking place because certain instance.




This is a poor application." There is an amount of bad applications out there, yet just once that procedure obtains before a management legislation judge do official statement we see a lot in the way of information. Now, there was one case that you stated, and let me simply clarify on that a little.

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


Okay. I am mosting likely to ask different inquiries of each of the 3 of you, however it takes care of this issue. As I said why not try here in my opening declaration, I am worried regarding the prospective loophole that allows capitalists to withdraw their financial investment in local facilities after obtaining their permit.


Divine, are you knowledgeable about any kind of circumstances in which a financier withdrew the financial investment and left immediately after obtaining a permit? And if you are, or if you believe it is a problem, do you assume that it is a technicality that should be closed? Mr. Divine. I would certainly state that a lot of the capitalists, if you asked what are their goals, they would certainly say, "I wish to get a permit, and I wish to keep it.


Mr. Divine. Let me ask Mr. Stenger, is it common for a capitalist in your experience to withdraw his or her investment instantly after receiving an environment-friendly card? Mr.


Senator, no.