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And I have been pleased to satisfy them and happy to invite them. Chairman Leahy. As my last question, in some of the testament this early morning there has been a tip that, of program, simply with all the hundreds of billions, trillions of dollars prepared to invest, you need to simply go someplace else.


Stenger. I would tell you that in this climate the capacity to increase funding for things we are doing would certainly have-- it is impossible to do so in a manner that would permit us as properly and as promptly produce things we have actually done. You can obtain money if you have actually obtained 50 percent down.


I could have obtained half of that if I had the $12 million in cash money to set up. Everybody knows that, yes, financial institutions have cash to financing as long as you have actually got fifty percent of it in your pocket before you ask for the various other half. That is not how business functions these days.

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You are speaking from a real-world experience, not from a think container experience. I will leave that just as an unjustified comment from the Chairman. Legislator Grassley. Senator Grassley. Thanks. I wish to be liable in this issue of undocumented employees. I intend to admit that we just have anecdotal info, however I wish to ask you to what degree you need to go or do most likely to see to it that the facilities make sure that the investments do not create tasks for individuals below illegally.


Mr. Stenger. We have actually worked with-- as I said, at the Peak we had 550 construction workers on our task.


They are made up of 10, 15, 20, 30 staff members. They are from our local counties. They are Vermonters. They are benefiting straight from the investment. So we are a hands-on facility. I know the employees, I know their family members, and we have actually been able to utilize-- with these last 3 years of terrible financial turmoil, we have had the ability to use almost every construction employee in our area and the bordering regions.

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homeowners. They live in the location. Their families are there. They are spent in the neighborhoods, and they are all U.S. workers. Legislator Grassley. You do not need to make use of e-verify, however I would such as to know whether you do. Mr. Stenger. We do. Legislator Grassley. You do.


Thank you. Mr. North, along the very same lines of the question I asked him, has your study shown instances various other-- and I just provided one example, so I wish to confess that and be responsible about it-- of centers working with undocumented individuals? Mr. North. That kind of information is really hard to acquire from USCIS, and I have to say that what we do learn about a number of the internal points about that agency regarding this program is concerned associates with instances in which the staff has actually claimed no to an application of some kind and then the local center or the private business owner has actually mosted likely to the Administrative Appeals Office-- which becomes part of the agency-- and there we obtain files, we get a hearing police officer telling us what is taking place because specific instance.




This is a poor application." So there is an amount of negative applications available, yet only once that process obtains before an administrative law court do we see a lot in the method of detail. Currently, there was one situation that you mentioned, and let me just clarify on that particular a little bit.

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Do not take also long since I intend to ask another couple questions. Go in advance and quickly surface. Mr. North. The dairy ranch had claimed 17 workers, and they got right into it, and the court discovered that 16 of them were illegals. Now, that is the one instance I have, and it is an excellent instance.


Okay. I am going to ask separate concerns of each of the 3 of you, but it manages click here this one problem. As I said in my opening statement, I am worried regarding the possible technicality that enables financiers to withdraw their investment in local facilities after obtaining their copyright.


Mr. Divine. I would claim that many of the financiers, if you asked them what are their goals, they would certainly say, "I desire to get a copyright, and I desire to keep it.


If I put my money in a resort development-- Senator 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 believe so. Legislator Grassley. Okay. Allow me ask Mr. Stenger, is it usual for a financier in your experience to withdraw his or her financial investment immediately after getting a permit? Mr.

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Legislator, no. Our programs need that the investor be invested for a minimum of 5 years and be paid back only if the business remains in a placement to do so at the end of that time. We have the advantage of the funding to produce the business, get it running, make it effective, guarantee that the tasks will be developed and kept, and then only if the business is effective will certainly there be a departure technique for the investor.