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


Stenger. I would certainly inform you that in this environment the capability to raise funding for the things we are doing would have-- it is difficult to do so in a way that would enable us as successfully and as rapidly create the important things we have actually done. You can obtain money if you have actually got 50 percent down.


I might have borrowed fifty percent of that if I had the $12 million in cash to place up. Everyone recognizes that, yes, financial institutions have money to car loan as long as you have got fifty percent of it in your pocket prior to you request the other fifty percent. That is not exactly how business works these days.

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You are speaking from a real-world experience, not from a brain trust experience. I will leave that simply as a gratuitous remark from the Chairman. Legislator Grassley. Legislator Grassley. Thanks. I wish to be accountable in this concern of undocumented employees. I intend to confess that we just have unscientific information, yet I would like to ask you to what degree you need to go or do go to ensure that the centers make certain that the financial investments do not develop jobs for people right here unlawfully.


Mr. Stenger. We have actually worked with-- as I claimed, at the Optimal we had 550 building workers on our task.


They are made up of 10, 15, 20, 30 workers. They are benefiting straight from the financial investment. I understand the workers, I recognize their households, and we have been able to employ-- through these last 3 years of terrible financial turmoil, we have been able to use virtually every building worker in our area and the bordering regions.

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


Thanks. Mr. North, along the very same lines of the question I asked him, has your research study revealed examples other-- and I just offered one example, so I want to admit that and be liable concerning it-- of centers working with undocumented individuals? Mr. North. That kind of information is very hard to obtain from USCIS, and I must say that what we do find out about many of the interior points concerning that agency regarding this program is worried connects to cases in which the personnel has actually stated no to an application of some kind and after that the regional center or the private business owner has gone to the Administrative Appeals Office-- which belongs to the company-- and there we obtain files, we get a hearing policeman telling us what is going on in that specific situation.




This is a negative application." There is an amount of poor applications out there, but just when that procedure obtains before a management legislation court do we see a lot in the method of detail. Currently, check here there was one situation that you mentioned, and allow me simply elaborate on that particular a little.

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


Okay. I am going to ask different inquiries of each of the 3 of you, however it deals with this one issue. As I claimed in my opening declaration, I am concerned concerning the possible loophole that allows investors to withdraw their financial investment in regional centers after obtaining their environment-friendly card.


Divine, are you mindful of any type of circumstances in which an investor withdrew the investment and left instantly after receiving a permit? And if you are, or if you assume it is an issue, do you think 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 claim, "I intend to obtain an eco-friendly card, and I desire to maintain it.


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


Senator, legislator.