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And I have actually been proud to meet them and pleased to welcome them. Chairman Leahy. As my last inquiry, in some of the testament this early morning there has been a recommendation that, of training course, just with all the hundreds of billions, trillions of bucks all set to invest, you should simply go somewhere else.


Stenger. I would certainly tell you that in this climate the capacity to raise capital for the important things we are doing would have-- it is difficult to do so in a way that would permit us as effectively and as swiftly produce things we have done. You can borrow cash if you have got half down.


I could have obtained half of that if I had the $12 million in cash to install. Every person understands that, yes, financial institutions have cash to car loan as long as you have actually obtained half of it in your pocket before you request the other fifty percent. That is not just how company works nowadays.

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Senator Grassley. Legislator Grassley. I want to confess that we just have unscientific info, however I would certainly such as to ask you to what extent you have to go or do go to make sure that the facilities make sure that the financial investments do not develop work for people here illegally.


Mr. Stenger. We have employed-- as I claimed, at the Top we had 550 construction employees on our job.


They are comprised of 10, 15, 20, 30 staff members. They are from our neighborhood regions. They are Vermonters. They are profiting directly from the financial investment. We are a hands-on center. I recognize the employees, I understand their households, and we have been able to employ-- via these last 3 years of awful economic turmoil, we have actually been able to use nearly every building and construction employee in our county and the bordering areas.

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


Thanks. Mr. North, along the exact same lines of the inquiry I asked him, has your study revealed instances other-- and I just provided one instance, so I wish to confess that and be liable concerning it-- of centers employing undocumented individuals? Mr. North. That type of information is extremely difficult to acquire from USCIS, and I must state that what we do learn about numerous of the internal aspects of that agency regarding this program is worried connects to situations in which the team has actually said no to an application of some kind and after that the regional center or the specific business owner has gone to the Administrative Appeals Office-- which belongs to the agency-- and there we obtain files, we obtain a hearing policeman informing us what is taking place because certain case.




This is a negative application." So there is an amount of bad applications around, however just as soon as that process obtains prior to an administrative legislation court do we see a lot in the means of detail. Currently, there was one case that you pointed out, and allow me simply clarify on that a bit.

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Do not take too go to my site long because I intend to ask an additional pair inquiries. Go additional reading ahead and promptly surface. Mr. North. The dairy products farm had claimed 17 employees, and they entered it, and the court located that 16 of them were illegals. Currently, that is the one instance I have, and it is an example.


Okay. I am mosting likely to ask different questions of each of the 3 of you, however it takes care of this one problem. As I stated in my opening statement, I am worried about the potential loophole that enables investors to withdraw their investment in local facilities after obtaining their permit.


Divine, are you knowledgeable about any kind of instances in which a capitalist took out the investment and walked away immediately after getting a permit? And if you are, or if you think it is an issue, do you believe that it is a loophole that should be closed? Mr. Divine. I would certainly state that a lot of the financiers, if you asked what are their objectives, they would certainly say, "I intend to get a permit, and I intend to keep it.


If I place my cash in a resort advancement-- Legislator Grassley. Can I assume then that you are stating that there does not need to be any modifications made in that regard? Mr. Divine. I do not assume so. Senator Grassley. Okay. Allow me ask Mr. Stenger, is it usual for an investor find out in your experience to withdraw his/her investment quickly after obtaining an environment-friendly card? Mr.

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Senator, no. Our programs call for that the financier be spent for a minimum of 5 years and be repaid only if business is in a placement to do so at the end of that time. So we have the advantage of the funding to develop the organization, get it running, make it effective, ensure that the jobs will certainly be created and kept, and afterwards just if the service succeeds will there be an exit strategy for the investor.