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And I have been happy to meet them and pleased to invite them. Chairman Leahy. As my last concern, in some of the testament this early morning there has actually been an idea that, of program, simply with all the hundreds of billions, trillions of bucks prepared to invest, you need to simply go somewhere else.
I can have borrowed fifty percent of that if I had the $12 million in cash money to place up. Everyone recognizes that, yes, banks have money to financing as long as you have obtained fifty percent of it in your pocket prior to you request the various other half. That is not just how organization functions these days.
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Legislator Grassley. Senator Grassley. I want to confess that we just have unscientific details, 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 financial investments do not develop work for people below unlawfully.
Mr. Stenger. We have hired-- as I claimed, at the Optimal we had 550 building and construction employees on our job.
They are made up of 10, 15, 20, 30 workers. They are profiting directly from the investment. I recognize the employees, I recognize their households, and we have been able to use-- through these last 3 years of awful financial turmoil, we have been able to utilize practically every construction employee in our region and the bordering counties.
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They are invested in the neighborhoods, and they are all U.S. workers. Legislator Grassley. view it Mr. Stenger.
Mr. North, along the very same lines of the inquiry I asked him, has your study revealed examples other-- and I only offered one example, so I desire to admit that and be accountable regarding it-- of centers hiring undocumented individuals? Mr. EB5 Regional Center Program. North.
This is a negative application." There is an amount of negative applications out there, yet only once that procedure gets before an administrative regulation court do we see much in the way of information. Now, there was one case that you mentioned, and allow me simply elaborate on that particular a bit.
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Do not take also long because I wish to ask one more couple questions. But go on and quickly surface. Mr. North. The milk ranch had claimed 17 workers, and they entered 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 separate questions of each of the three of you, yet it deals with this concern. As I stated in my opening declaration, I am worried about the prospective technicality that allows investors to withdraw their investment in local centers after getting their permit.
Mr. Divine. I would certainly state that many of the financiers, if you asked them what are their goals, they would say, "I want to get a copyright, and I desire to maintain it.
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Legislator, no. Our programs call for that the financier be over at this website invested for a minimum of 5 years and be paid back just if business remains in a placement to do so at the end of that time. We have the advantage of the resources to produce the company, obtain it running, make it successful, assure that the work will certainly be created and kept, and then just if the service is successful will certainly there be an exit approach for the financier.