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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 testimony this morning there has been an idea that, of program, just with all the hundreds of billions, trillions of dollars prepared to invest, you need to just go somewhere else.


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Stenger. I would certainly tell you that in this climate the ability to raise resources for things we are doing would certainly have-- it is difficult to do so in a manner that would certainly enable us as successfully and as rapidly produce the important things we have actually done. You can obtain money if you have actually got half down.


I can have obtained half of that if I had the $12 million in money to set up. Everybody recognizes that, yes, financial institutions have money to loan as long as you have got half of it in your pocket prior to you ask for the various other half. That is not just how service works nowadays.


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Senator Grassley. Senator Grassley. I want to confess that we just have anecdotal information, yet I would certainly like to ask you to what level you have to go or do go to make certain that the centers make sure that the investments do not produce work for individuals here illegally.


Mr. Stenger. Legislator, I am a hands-on owner of a business, and I am on-property every solitary day. We have employed-- as I said, at the Height we had 550 building employees on our job. The marching orders that I provided to my team is that we are to hire regional companies in practically every circumstances to do every one of the construction.


They are made up of 10, 15, 20, 30 staff members. They are benefiting straight from the investment. I recognize the workers, I recognize their families, and we have been able to utilize-- with these last 3 years of awful economic chaos, we have actually been able to employ practically every building and construction worker in our county and the surrounding regions.


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locals. They live in the area. Their households are there. They are invested in the areas, and they are all united state employees. Senator Grassley. You do not have to make use of e-verify, yet I want to know whether or not 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 study revealed examples various other-- and I just provided one example, so I want to admit that and be accountable regarding it-- of centers employing undocumented individuals? Mr. North. That sort of data is extremely difficult to get from USCIS, and I should state that click here what we do find out about several of the inner features of that firm regarding this program is concerned connects to instances in which the staff has stated no to an application of some kind and after that the local center or the private business owner has actually gone to the Administrative Appeals Workplace-- which belongs to the agency-- and there we get documents, we get a hearing officer telling us what is going on in that specific situation.




This is a poor application." There is a quantity of bad applications out there, yet just when that process obtains before an administrative law judge do we see much in the means of detail. Currently, there was one case that you mentioned, and allow me simply specify on that a little bit.


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EB5 Regional Center ProgramEB5 Regional Center Program


Do not take too long because I wish to ask an additional pair concerns. But go on and rapidly finish. Mr. North. The dairy farm had actually declared 17 workers, and they obtained into it, and the court found that 16 of them were illegals. Now, that is the one example I have, and it is a fine example.


Okay. I am mosting likely to ask separate questions of each of the 3 of you, yet it deals with this set problem. As I stated in my opening statement, I am concerned concerning the potential loophole that allows investors to withdraw their investment in regional centers after receiving their environment-friendly card.


Divine, are you knowledgeable about any kind of circumstances in which an investor took out the financial investment and left immediately after receiving a permit? And if you are, or if you think it is a problem, do you think that it is a loophole that should be shut? Mr. Divine. I would say that a lot of the investors, if you inquired what are their objectives, they would state, "I wish to obtain an eco-friendly card, and I want to keep it.


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Mr. Divine. Let me ask Mr. Stenger, is it typical for an investor in your experience to withdraw his or her financial investment quickly after obtaining a copyright? Mr.


Senator, legislator.

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