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And I have actually been proud to satisfy them and proud to welcome them. Chairman Leahy. Also, as my last inquiry, in some of the statement this early morning there has been a pointer that, of program, just with all the numerous billions, trillions of bucks prepared to spend, you should just go somewhere else.

Stenger. I would certainly inform you that in this environment the capability to elevate resources for the things we are doing would have-- it is difficult to do so in a manner that would allow us as effectively and as swiftly produce the points we have actually done. You can obtain cash if you have actually got half down.


I could have borrowed half of that if I had the $12 million in cash to install. Everybody knows that, yes, financial institutions have cash to car loan as long as you have obtained fifty percent of it in your pocket prior to you ask for the various other half. That is not just how service works 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 a gratuitous comment from the Chairman. Legislator Grassley. Legislator Grassley. Thank you. I want to be responsible in this problem of undocumented workers. I wish to confess that we only have unscientific details, however I would love to ask you to what extent you need to go or do most likely to ensure that the centers see to it that the investments do not produce work for people here illegally.


Mr. Stenger. We have employed-- as I said, at the Optimal we had 550 construction employees on our task.


They are made up of 10, 15, 20, 30 staff members. They are benefiting straight from the financial investment. I understand the workers, I recognize their family members, and we have wikipedia reference been able to employ-- through these last 3 years of terrible economic turmoil, we have actually been able to utilize nearly every building worker in our county and the bordering regions.

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


Mr. North, along the same lines of the question I asked him, has your research study shown examples other-- and I only provided one example, so I want to admit that and be responsible about it-- of centers employing undocumented people? Mr. EB5 Regional Center Program. North.




This is a negative application." So there is an amount of bad applications around, however only when that process obtains prior to a management legislation judge do we see much in the way of information. Now, there was one case that you mentioned, and let me simply clarify on that a little bit.

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Do not take too long since I desire to ask an additional pair inquiries. Go in advance and promptly finish. Mr. North. The milk farm had declared 17 workers, and they entered it, and the judge located that 16 of them were illegals. Now, that is the one example I have, and it is a fine example.


Okay. I am going to ask different concerns of each of the three of you, however it takes care of this problem. As I said in my opening statement, I am concerned concerning the possible technicality that permits investors to withdraw their investment in regional centers after receiving their permit.


Mr. Divine. I would certainly state that many of the financiers, if navigate to this site you asked them what are their objectives, they would certainly say, "I he has a good point desire to obtain a copyright, and I want to maintain it.

If I put my cash in a resort development-- Senator Grassley. Can I think then that you are claiming that there does not need to be any type of modifications made because respect? Mr. Divine. I do not think so. Senator Grassley. Okay. Let me ask Mr. Stenger, is it common for a financier in your experience to withdraw his/her financial investment instantly after getting a permit? 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 remains in a setting to do so at the end of that time. So we have the advantage of the funding to create the company, get it running, make it effective, ensure that the tasks will be developed and kept, and afterwards only if the service succeeds will there be an exit approach for the investor.