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And I have been proud to fulfill them and honored to welcome them. Chairman Leahy. As my last inquiry, in some of the testament this morning there has been a tip that, of training course, simply with all the hundreds of billions, trillions of dollars prepared to invest, you ought to simply go someplace else.

Stenger. I would certainly tell you that in this environment the ability to raise capital for the points we are doing would certainly have-- it is impossible to do so in a manner that would certainly enable us as successfully and as swiftly create the points we have actually done. You can borrow money if you have actually obtained half down.


I might have borrowed fifty percent of that if I had the $12 million in cash money to install. Everyone recognizes that, yes, banks have money to lending as long as you have obtained half of it in your pocket before you ask for the various other half. That is not just how company works nowadays.

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You are speaking from a real-world experience, not from a think tank experience. I will certainly leave that merely as a gratuitous remark from the Chairman. Legislator Grassley. Senator Grassley. Thanks. I intend to be accountable in this problem of undocumented employees. I wish to confess that we just have anecdotal information, but I would certainly such as to ask you to what extent you need to go or do most likely to ensure that the centers make certain that the investments do not create tasks for individuals here illegally.


Mr. Stenger. Senator, I am a hands-on proprietor of a business, and I am on-property each and every single day. We have actually worked with-- as I stated, at the Optimal we had 550 construction workers on our job. The marching orders that I offered to my group is that we are to hire regional companies in practically every instance to do all of the construction.


They are made up of 10, 15, 20, 30 staff members. They are profiting straight from the investment. I know the employees, I recognize their families, and we have been able to use-- with try this these last 3 years of awful economic chaos, we have actually been able to use virtually every building and construction employee in our county and the surrounding regions.

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


Thanks. Mr. North, along the very same lines of the concern I asked him, has your study revealed instances other-- and I only gave one example, so I wish to confess that and be responsible concerning it-- of centers employing undocumented people? Mr. North. That type of data is very difficult to get from USCIS, and I must state that what we do know about a number of the internal features of that agency as far as this program is worried associates with cases in which the personnel has actually claimed no to an application of some kind and afterwards the local facility or the individual business owner has gone to the Administrative Appeals Office-- which belongs to the firm-- and there we obtain papers, we obtain a hearing policeman telling us what is taking place in that particular case.




This is a poor application." right here There is an amount of poor applications out there, however just as soon as that process gets before an administrative legislation court do we see much in the way of information. Now, there was one instance that you mentioned, and allow me simply specify on that particular a bit.

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Do not take too long since Homepage I wish to ask one more couple concerns. Go ahead and swiftly surface. Mr. North. The milk ranch had declared 17 workers, and they got involved in it, and the judge found that 16 of them were illegals. Currently, that is the one instance I have, and it is a fine example.


Okay. I am mosting likely to ask different inquiries of each of the three of you, however it manages this one issue. As I said in my opening declaration, I am concerned concerning the possible loophole that allows financiers to withdraw their financial investment in local facilities after receiving their permit.


Mr. Divine. I would certainly claim that most of the financiers, if you asked them what are their objectives, they would certainly say, "I desire to obtain an eco-friendly card, and I desire to maintain it.

Mr. Divine. Allow me ask Mr. Stenger, is it common for an investor in your experience to withdraw his or her investment instantly after obtaining a copyright? Mr.


Senator, legislator.