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And I have been pleased to meet them and proud to welcome them. Chairman Leahy. Additionally, as my last concern, in some of the statement today there has actually been a tip that, naturally, simply with all the thousands of billions, trillions of dollars prepared to invest, you should simply go elsewhere.


Stenger. I would inform you that in this environment the capability to raise funding for the important things we are doing would have-- it is impossible to do so in a manner that would certainly permit us as efficiently and as swiftly create things we have done. You can borrow cash if you have actually got half down.


I could have borrowed fifty percent of that if I had the $12 million in money to install. Everybody knows that, yes, financial institutions have money to funding as long as you have got fifty percent of it in your pocket prior to you request the various other fifty percent. That is not just how business 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 simply as a gratuitous remark from the Chairman. Senator Grassley. Legislator Grassley. Thank you. I intend to be liable in this problem of undocumented employees. I want to confess that we only have anecdotal information, however I wish to ask you to what level you need to go or do go to ensure that the facilities see to it that the investments do not develop tasks for people here illegally.


Mr. Stenger. Legislator, I am a hands-on proprietor of a service, and I am on-property each and every single day. We have hired-- as I said, at the Peak we had 550 construction workers on our task. The marching orders that I offered to my group is that we are to work with neighborhood business in virtually every instance to do all of the building.


They are made up of 10, 15, 20, 30 workers. They are benefiting straight from the investment. I understand the employees, I understand their households, and we have actually been able to use-- through these last 3 years of terrible economic turmoil, we have been able to utilize virtually every construction employee in our county and the surrounding regions.

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They are invested in the neighborhoods, and they are all U.S. workers. Senator Grassley. Mr. Stenger.


Thanks. Mr. North, along the exact same lines of the inquiry I asked him, has your research shown instances various other-- and I just gave one instance, so I wish to confess that and be responsible regarding it-- of facilities hiring undocumented individuals? Mr. North. That sort of information is very tough to obtain from USCIS, and I need to claim that what we do know about numerous of the inner features of that company as for this program is worried connects to cases in which the staff has stated no to an application of some kind and afterwards the local facility or the individual entrepreneur has gone to the Administrative Appeals Office-- which belongs to the company-- and there we get papers, we obtain a hearing police officer informing us what is taking place because go certain instance.




This is a bad application." So there is an amount of poor applications around, yet only as soon as that process obtains before a management law judge do we see a lot in the means of information. Now, there was one instance that you mentioned, and let me simply clarify on that a little.

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Do not take too long due to the fact that I desire to ask another couple concerns. Go ahead and swiftly coating. Mr. North. The milk ranch had actually declared 17 employees, and they entered into it, and the judge found 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 separate questions of each of the 3 of you, yet it manages this set problem. As I stated in my opening statement, I am concerned concerning the prospective technicality that allows investors to withdraw their investment in local centers after receiving their copyright.


Mr. Divine. I would certainly state that many of the financiers, if you asked them what are their goals, they would certainly say, "I desire to get an environment-friendly card, and I want to maintain it.


If I put my money in a resort growth-- Legislator Grassley. Can I presume then that you are claiming that there does not need to be any type of adjustments made because respect? Mr. Divine. I do not assume so. Legislator Grassley. Okay. Let me ask Mr. Stenger, is it common for an investor in your experience to withdraw his or her investment quickly after obtaining a permit? Mr.

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Legislator, no. Our programs need that the financier be invested for a minimum of 5 years and be repaid just if the service is in a setting to do so at the end of that time. So we have the benefit of the capital useful reference to develop business, obtain it running, make it effective, guarantee that the tasks will advice be created and kept, and after that only if the business achieves success will certainly there be a departure technique for the investor.