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And I have been honored to meet them and proud to invite them. Chairman Leahy. As my last concern, in some of the testament this morning there has been a pointer that, of program, simply with all the hundreds of billions, trillions of bucks ready to invest, you must simply go someplace else.

Stenger. I would certainly inform you that in this climate 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 quickly create the points we have actually done. You can borrow cash if you have got 50 percent down.

I can have obtained half of that if I had the $12 million in cash to install. Everybody recognizes that, yes, financial institutions have money to car loan as long as you have actually got fifty percent of it in your pocket prior to you ask for the various other fifty percent. That is not exactly how company functions these days.

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Legislator Grassley. Senator Grassley. I want to confess that we just have unscientific info, but I would like to ask you to what degree you have to go or do go to make sure that the facilities make certain that the investments do not create tasks for people here illegally.

Mr. Stenger. Senator, I am a hands-on proprietor of a service, and I am on-property every day. We have actually worked with-- as I stated, at the Height we had 550 building and construction employees on our project. The marching orders that I offered to my team is that we are to employ regional business in virtually every circumstances to do all of the construction.

They are made up of 10, 15, 20, 30 staff members. They are profiting directly from the investment. I recognize the employees, I understand their families, and we have been able to utilize-- via these last 3 years of dreadful financial turmoil, we have been able to utilize nearly every building worker in our region and the surrounding areas.

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They are invested in the communities, and they are all United state click for more employees. Senator Grassley. Mr. Stenger.

Thanks. Mr. North, along the very same lines of the question I asked him, has your study shown examples various other-- and I just provided one instance, so I desire to admit that and be accountable concerning it-- of centers employing undocumented people? Mr. North. That sort of data is extremely tough to acquire from USCIS, and I should claim that what we do recognize around much of the interior features of that agency as far as this program is concerned connects to instances in which the staff has stated no to an application of some kind and after that the local facility or the individual entrepreneur has mosted likely to the Administrative Appeals Workplace-- which is part of the agency-- and there we get papers, we obtain a hearing police officer telling us what is going on in that particular situation.



This is a hop over to here bad application." There is a quantity of negative applications out there, but just when that procedure obtains prior to a management regulation court do we see much in the means of information. Currently, there was one instance that you stated, and let me just elaborate on that particular a bit.

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Do not take as well long due to the fact that I wish to ask one more couple inquiries. Go ahead and quickly finish. Mr. North. The dairy products ranch had claimed 17 employees, and they entered it, and the judge discovered that 16 of them were illegals. Currently, that is the one instance I have, and it is an example.

Okay. I am going to ask separate questions of each of the 3 of you, yet it deals with this one issue. As I claimed in my opening declaration, I am worried concerning the potential technicality that permits financiers to withdraw their financial investment in local facilities after getting their eco-friendly card.

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

If I place my money in a hotel growth-- Legislator Grassley. Can I presume then that you are saying that there does not need to be any type of modifications made because regard? Mr. Divine. I do not think so. Senator Grassley. Okay. Let me ask Mr. Stenger, is it typical for a capitalist in your experience to withdraw his/her investment right away after obtaining an eco-friendly card? Mr.

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Senator, no. Our programs call for that the capitalist be spent for a minimum of 5 years and be paid back only if the company is in a setting to do so at the end of that time. We have the benefit of the funding to produce the company, get it running, make it effective, guarantee that the work will certainly be created and kept, and after that only if the service is successful will certainly there be a departure strategy for the capitalist.

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