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And I have actually been honored to satisfy them and honored to welcome them. Chairman Leahy. Likewise, as my last inquiry, in a few of the testament today there has been a suggestion that, of training course, simply with all the thousands of billions, trillions of dollars ready to invest, you must simply go elsewhere.


Stenger. I would certainly inform you that in this environment the ability to raise capital for the important things we are doing would have-- it is impossible to do so in a way that would certainly allow us as effectively and as swiftly create the things we have done. You can borrow cash if you have actually obtained 50 percent down.


I might have borrowed half of that if I had the $12 million in cash to put up. Everybody recognizes that, yes, financial institutions have cash to funding as long as you have got fifty percent of it in your pocket before you ask for the other half. That is not how business functions these days.

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You are talking from a real-world experience, not from a brain trust experience. I will leave that just as an unjustified remark from the Chairman. Senator Grassley. Senator Grassley. Thanks. I wish to be accountable in this concern of undocumented employees. I intend to admit that we only have unscientific details, but I would such as to ask you to what level you need to go or do go to see to it that the facilities make certain that the investments do not develop tasks for individuals right here unlawfully.


Mr. Stenger. Legislator, I am a hands-on owner of a service, and I am on-property each and every single day. We have actually worked with-- as I claimed, at the Peak we had 550 building workers on our job. The marching orders that I gave to my team is that we are to hire local companies in practically every instance to do all of the building.


They are made up of 10, 15, 20, 30 employees. They are profiting straight from the investment. I recognize the workers, I know their family members, and we have actually been able to employ-- via these last 3 years of horrible economic chaos, we have been able to use nearly every building employee in our region and the surrounding areas.

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


Thanks. Mr. North, along the very same lines of the inquiry I asked him, has your research shown instances various other-- and I just gave one example, so I wish to confess that and be liable concerning it-- of centers hiring undocumented individuals? Mr. North. That sort of information is very difficult to acquire from USCIS, and I have to say that what we do learn about a lot of the internal features of that agency as for this program is concerned associates with situations in which the personnel has actually claimed no to an application of some kind and after that the regional center or the specific business owner has actually mosted likely 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 certain instance.




This is a bad application." So there is a quantity of poor applications out there, but just once that process gets prior to an administrative law court do we see a lot in the way of information. Now, there was one case that you discussed, and let me just clarify on that particular a bit.

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Do not take too long since I intend to ask one more couple concerns. But proceed and rapidly finish. Mr. North. The dairy ranch had actually asserted 17 employees, and they entered it, and the judge discovered that 16 of them were illegals. Currently, that is the one example I have, and it is a fine example.


Okay. I am mosting likely to ask different inquiries of each of the 3 of you, yet it takes care of this set concern. As I said in my opening statement, I am worried concerning the possible technicality that enables investors to withdraw their financial investment in local centers after receiving their eco-friendly card.


Divine, are you familiar with any circumstances in which a financier took out the financial investment and left instantly after receiving a permit? And if you are, or if you believe it is a problem, do you assume that it is a technicality that should more info be closed? Mr. Divine. I would certainly state that the majority of the capitalists, if you asked what are their goals, they would certainly say, "I desire to get a permit, and I wish to keep it.


If I place my cash in a hotel development-- Senator Grassley. Can I presume then that you are claiming that there does not require to be any changes 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 getting a permit? Mr.

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Legislator, no. Our programs call for that the financier be spent for a minimum of 5 years and be repaid only if the company is in a placement to do so at the end of that time. We have the advantage of the funding to produce the company, get it running, make it effective, assure that the work will certainly be produced and preserved, and then just if the organization is successful will there be a leave technique for the capitalist.