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And I have been proud to satisfy them and honored to welcome them. Chairman Leahy. As my last question, in some of the testimony this morning there has been a suggestion that, of training course, simply with all the hundreds of billions, trillions of bucks prepared to invest, you ought to just go somewhere else.


Stenger. I would certainly tell you that in this environment the capacity to increase capital for the important things we are doing would certainly have-- it is impossible to do so in a manner that would certainly permit us as properly and as rapidly produce things we have actually done. You can borrow money if you have obtained half down.


I might have borrowed fifty percent of that if I had the $12 million in money to set up. Everyone understands that, yes, banks have cash to lending as long as you have actually got fifty percent of it in your pocket before you request for the other fifty percent. That is not exactly how company works nowadays.

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You are talking from a real-world experience, not from a think storage tank experience. I will certainly leave that simply as a gratuitous remark from the Chairman. Senator Grassley. Senator Grassley. Thanks. I wish to be accountable in this concern of undocumented employees. I wish to admit that we only have unscientific details, but I would certainly like 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 produce work for individuals right here unlawfully.


Mr. Stenger. Senator, I am a hands-on proprietor of an organization, and I am on-property every day. We have employed-- as I said, at the Height we had 550 building and construction workers on our job. The marching orders that I offered to my group is that we are to work with neighborhood firms in almost every circumstances to do every one of the building and construction.


They are made up of 10, 15, 20, 30 employees. They are from our local counties. They are Vermonters. They are profiting directly from the financial investment. So we are a hands-on center. I understand the workers, I understand their households, and we have been able to use-- via these last 3 years of terrible financial chaos, we have had the ability to employ almost every construction employee in our region and the surrounding regions.

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


Thanks. Mr. North, along the same lines of the concern I asked him, has your research shown instances other-- and I only offered one instance, so I intend to admit that and be liable regarding it-- of centers working with undocumented individuals? Mr. North. That type of information is very hard to acquire from USCIS, and I have to say that what we do learn about much of the interior points concerning that agency regarding this program is concerned connects to cases in which the personnel has said no to an application of some kind and afterwards the local center or the specific entrepreneur has mosted likely to the Administrative Appeals Workplace-- which belongs to the company-- and there we obtain files, we get a hearing policeman telling us what is taking place because particular instance.




This is a poor application." So there is a quantity of bad applications available, yet just once that procedure obtains before a management regulation court do we see much in the means of information. Currently, there was one case that you mentioned, and allow me just specify on that particular a little bit.

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Do not take as well long due to the fact that I wish to ask an additional couple questions. Go ahead and quickly coating. Mr. North. The milk ranch had actually asserted 17 employees, and they obtained right into it, and the judge found that 16 of them were illegals. Now, that is the one instance I have, and it is an example.


Okay. I am mosting likely to ask different concerns of more info each of the three of you, but it deals with this set concern. As I stated in my opening statement, I am worried about the potential technicality that enables investors to withdraw their investment in local facilities after getting their copyright.


Divine, are you familiar with any kind of circumstances in which a financier withdrew the financial investment and walked away quickly after getting a copyright? And if you are, or if you assume it is a problem, do you assume that it is a loophole that should be closed? Mr. Divine. I would certainly claim that most of the investors, if you inquired what are their objectives, they would certainly state, "I intend to obtain a permit, and I desire to maintain it.


If I place my money in a resort growth-- Senator Grassley. Can I presume then that you are stating that there does not need to be any kind of changes made in that regard? Mr. Divine. I do not believe so. Senator Grassley. Okay. Allow me ask Mr. Stenger, is it typical for an investor in your experience to withdraw his or her financial investment immediately after obtaining an eco-friendly card? Mr.

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Senator, no. Our programs require that the investor be invested for a minimum of 5 years and be paid back only if business is in a position to do so at the end of that time. We have the benefit of the funding to produce the service, get it running, make it effective, guarantee that the tasks will be developed and preserved, and after that just if the service is successful will there be a leave method for the investor.