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And I have been pleased to meet them and pleased to invite them. Chairman Leahy. As my last inquiry, in some of the testimony this morning there has been a pointer that, of course, simply with all the hundreds of billions, trillions of bucks ready to invest, you ought to just go someplace else.


Stenger. I would certainly inform you that in this environment the capability to raise capital for things we are doing would have-- it is impossible to do so in a fashion that would certainly enable us as successfully and as rapidly create things we have actually done. You can borrow cash if you have actually got 50 percent down.


I can have borrowed half of that if I had the $12 million in cash money to set up. Everybody understands that, yes, banks have money to car loan as long as you have got half of it in your pocket prior to you request the other fifty percent. That is not just how business works these days.

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Legislator Grassley. Legislator Grassley. I desire to confess that we only have anecdotal info, yet I would certainly like to ask you to what level you have to go or do go to make certain that the centers make certain that the investments do not produce tasks for individuals below unlawfully.


Mr. Stenger. Legislator, I am a hands-on owner of a company, and I am on-property each and every single day. We have actually hired-- as I said, at the Optimal we had 550 building and construction employees on our task. The marching orders that I offered to my group is that we are to work with neighborhood firms in almost every circumstances to do every one of the building and construction.


They are composed of 10, 15, 20, 30 staff members. They are from our regional regions. They are Vermonters. They are benefiting directly from the financial investment. So we are a hands-on center. I understand the employees, I understand their households, and we have been able to use-- via these last 3 years of dreadful financial turmoil, we have had the ability to use virtually every building and construction worker in our county and the surrounding areas.

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


Thanks. Mr. North, along the same lines of the inquiry I asked him, has your research shown instances various other-- and I only provided one instance, so I wish to admit that and be accountable about it-- of centers hiring undocumented individuals? Mr. North. That type of information is very difficult to obtain from USCIS, and I have to say that what we do learn about a lot of the internal features of that firm as for this program is concerned relates to situations in which the personnel has actually claimed no to an application of some kind and after that Resources the local facility or the individual business owner has gone to the Administrative Appeals Office-- which becomes part of the company-- and there we get files, we obtain a hearing police officer informing us what is going on because specific situation.




This is a bad application." So there is a quantity of bad applications around, however only once that procedure obtains before a management regulation judge do we see much in the means of information. Now, there was one case that you stated, and let me just specify on that a little.

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Do not take also long due to the fact that I wish to ask another couple questions. Go in advance and quickly surface. Mr. North. The milk ranch had actually declared 17 workers, and they got into it, and the court located that 16 of them were illegals. Currently, that is the one instance I have, and it is a fine example.


Okay. I am going to ask different concerns of each of the three of you, but it handles this one concern. As I claimed in my opening declaration, I am concerned about the potential technicality that enables investors to withdraw their investment in local facilities after receiving their permit.


Divine, are you aware of any kind of instances in which a financier withdrew the financial investment and left promptly after getting a permit? And if you are, or if you assume it is an issue, do you think that it is a technicality that should be closed? Mr. Divine. I would certainly state that a lot of the investors, if you asked them what are their objectives, they would claim, read the full info here "I wish to get an environment-friendly card, and I wish to keep it.


If I put my cash in a resort growth-- Legislator Grassley. Can I think then that you are stating that there does not require to be any kind of changes made in that regard? Mr. Divine. I do not think so. Senator Grassley. Okay. Let me ask Mr. Stenger, is it typical for a financier in your experience to withdraw his/her financial investment immediately after receiving a permit? Mr.

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Senator, no. Our programs require that the investor be spent for a minimum of 5 years and be repaid only if the company is in a position to do so at the end of that time. So we have the advantage of the navigate to this website resources to produce the company, get it running, make it effective, ensure that the work will be developed and preserved, and after that just if business is successful will there be a leave method for the investor.