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And I have actually been happy to fulfill them and happy to invite them. Chairman Leahy. Likewise, as my last inquiry, in a few of the testament today there has been an idea that, naturally, simply with all the numerous billions, trillions of dollars all set to invest, you must simply go elsewhere.


Stenger. I would certainly inform you that in this environment the capacity to increase funding for things we are doing would have-- it is impossible to do so in a manner that would certainly permit us as properly and as promptly produce the important things we have done. You can borrow money if you have obtained half down.


I could have borrowed half of that if I had the $12 million in cash to set up. Every person understands that, yes, banks have cash to loan as long as you have actually got fifty percent of it in your pocket prior to you ask for the various other half. That is not how service functions these days.

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You are talking from a real-world experience, not from a brain trust experience. I will leave that merely as an unjustified comment from the Chairman. Legislator Grassley. Legislator Grassley. Thank you. I desire to be liable in this issue of undocumented employees. I wish to confess that we only have unscientific information, but I would love to ask you to what level you need to go or do go to ensure that the facilities make certain that the investments do not produce work for individuals here illegally.


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


They are made up of 10, 15, 20, 30 workers. They are benefiting directly from the investment. I recognize the employees, I know their families, and we have been able to use-- via these last 3 years of horrible economic chaos, we have actually been able to use nearly every building and construction employee in our region and the surrounding areas.

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


Thanks. Mr. North, along the same lines of the concern I asked him, has your study revealed examples other-- and I just offered one example, so I want to confess that and be responsible about it-- of facilities working with undocumented people? Mr. North. That kind of information is really tough to obtain from USCIS, and I need to claim that what we do find out about much of the inner aspects of that company as much as this program is worried connects to cases in which the personnel has stated no to an application of some kind and after that the local facility or the individual entrepreneur has actually mosted likely to the Administrative Appeals Workplace-- which is component of the firm-- and there we get documents, we get a hearing officer telling us you could check here what is have a peek at this site going on in that particular instance.




This is a poor application." So there is a quantity of bad applications around, yet only once that procedure obtains before an administrative regulation court do we see much in the way of information. Currently, there was one instance that you pointed out, and let me simply elaborate on that a bit.

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Do not take also long due to the fact that I intend to ask another pair questions. Go in advance and promptly coating. Mr. North. The milk ranch had actually declared 17 workers, and they got into it, and the judge located that 16 of them were illegals. Currently, that is the one instance I have, and it is a great example.


Okay. I am mosting likely to ask different concerns of each of the three of you, but it deals with this set concern. As I stated in my opening statement, I am concerned regarding the prospective loophole that permits capitalists to withdraw their financial investment in regional facilities after obtaining their eco-friendly card.


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


If I put my cash in a resort growth-- Legislator Grassley. Can I assume 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 call for that the capitalist be spent for a minimum of 5 years and be repaid just if the business remains in a position to do so at the end of that time. We have the benefit of the capital to develop the company, get it running, make it effective, assure that the work will be created and kept, and then just if the company is effective will certainly there be an exit approach for the financier.