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And I have actually been pleased to meet them and honored to invite them. Chairman Leahy. Likewise, as my last question, in a few of the testament today there has been a suggestion that, naturally, simply with all the thousands of billions, trillions of dollars prepared to spend, you must just go elsewhere.


Stenger. I would certainly tell you that in this climate the ability to elevate funding for the things we are doing would have-- it is impossible to do so in a way that would permit us as efficiently and as rapidly produce the things we have done. You can borrow money if you have got half down.


I could have borrowed half of that if I had the $12 million in cash money to place up. Everybody knows that, yes, banks have cash to funding as long as you have actually obtained fifty percent of it in your pocket before you request for the other half. That is not exactly how company works nowadays.

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Legislator Grassley. Legislator Grassley. I desire to admit that we only have anecdotal information, but I would certainly like to ask you to what extent you have to go or do go to make certain that the facilities make sure that the investments do not produce tasks for people right here unlawfully.


Mr. Stenger. We have actually hired-- as I stated, at the Peak we had 550 building employees on our project.


They are comprised of 10, 15, 20, 30 employees. They are from our regional regions. They are Vermonters. They are profiting directly from the financial investment. We are a hands-on center. I understand the workers, I recognize their households, and we have had the ability to use-- with these last 3 years of terrible economic turmoil, we have actually been able to use almost every building employee in our region and the surrounding areas.

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


Thank you. Mr. North, along the same lines of the concern I asked him, has your research study revealed instances various other-- and I just provided one instance, so I want to confess that and be responsible about it-- of facilities working with undocumented individuals? Mr. North. That type of information is really hard to acquire from USCIS, and I should claim that what we do know about most of the internal points regarding that agency as much as this program is worried connects to instances in which the staff has stated no to an application of some kind and after that the regional facility or the individual business owner has mosted likely to the Administrative Appeals Office-- which becomes part of the agency-- and there we get documents, we obtain a hearing police officer telling us what is going on in that particular case.




This is a negative application." So there is a quantity of bad applications available, yet only when that procedure obtains before a management law judge do we see a lot in the means of information. Now, there was one instance that you discussed, and allow me simply specify on that particular a little.

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Do not take also long since I intend to ask an additional pair concerns. Go ahead and quickly coating. Mr. North. The dairy farm had claimed 17 workers, and they obtained right into it, and the court located that 16 of them were illegals. Now, that is the one instance click here I have, and it is a great instance.


Okay. I am going to ask different concerns of each of the three of you, however it manages this set concern. As I said in my opening declaration, I am worried about the possible loophole that enables financiers to withdraw their financial investment in local centers after obtaining their permit.


Mr. Divine. I would certainly claim that many of the financiers, if you asked them what are their goals, they would certainly state, "I want to obtain an environment-friendly card, and I want to keep it.


If I place my money in a resort advancement-- Legislator Grassley. Can I think then that you are claiming that there does not require to be any kind of changes made in that respect? Mr. Divine. I do not assume so. Legislator Grassley. Okay. Let me ask Mr. Stenger, is it typical for an investor in your experience to withdraw his or her financial investment instantly after receiving a permit? Mr.

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Legislator, no. Our programs require that the financier be spent for a minimum of 5 years and be paid back only if business is in a setting to do so at the end of that time. We have the advantage of the funding to produce the company, get it running, make it successful, ensure that the jobs will certainly be developed and kept, and after that only if the organization is successful will there be an exit method for the financier.