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


Stenger. I would inform you that in this environment the capability to raise resources for the important things we are doing would have-- it is impossible to do so in a way that would allow us as effectively and as promptly produce things we have done. You can obtain money if you have actually obtained 50 percent down.


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

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Legislator Grassley. Senator Grassley. I want to admit that we only have anecdotal info, however I would certainly such as to ask you to what degree you have to go or do go to make certain that the facilities make certain that the investments do not develop jobs for people here illegally.


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


They are made up of 10, 15, 20, 30 employees. They are from our neighborhood counties. They are Vermonters. They are profiting straight from the investment. So we are a hands-on facility. I recognize the employees, I understand their families, and we have Discover More been able to use-- via these last 3 years of horrible financial turmoil, we have been able to employ almost every construction employee in our region and the surrounding counties.

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


Mr. North, along the very same lines of the inquiry I asked him, has your study shown examples various other-- and I just provided one example, so I want to admit that and be accountable regarding it-- of facilities employing undocumented individuals? Mr. learn this here now EB5 Regional Center Program. North.




This is a bad application." There is an amount of bad applications out there, but just when that process obtains prior to a management legislation judge do we see a lot in the way of information. Now, there was one case that you mentioned, and allow me just clarify on that a little bit.

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Do not take too long since I want to ask an additional pair inquiries. Go ahead and quickly finish. Mr. North. The milk ranch had actually asserted 17 employees, and they got involved in it, and the court located that 16 of them were illegals. Currently, that is the one instance I have, and it is an example.


Okay. I am mosting likely to ask different concerns of each of the three of you, but it deals with this one concern. As I stated in my opening statement, I am concerned about the potential technicality that enables financiers to withdraw their go right here investment in local facilities after getting their copyright.


Divine, are you knowledgeable about any circumstances in which an investor withdrew the financial investment and walked away quickly after getting a copyright? And if you are, or if you assume it is a trouble, do you assume that it is a loophole that should be shut? Mr. Divine. I would state that a lot of the investors, if you asked what are their goals, they would certainly state, "I wish to obtain a copyright, and I intend 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 instantly after obtaining an eco-friendly card? Mr.


Senator, legislator.