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And I have actually been happy to meet them and proud to welcome them. Chairman Leahy. Likewise, as my last concern, in several of the testimony this early morning there has been a recommendation that, naturally, just with all the hundreds of billions, trillions of bucks prepared to invest, you need to just go elsewhere.


Stenger. I would inform you that in this climate the ability to elevate resources for things we are doing would have-- it is impossible to do so in a fashion that would certainly allow us as effectively and as quickly develop things we have done. You can obtain cash if you have actually obtained half down.


I could have obtained fifty percent of that if I had the $12 million in cash money to install. Everyone knows that, yes, banks have cash to lending as long as you have actually got half of it in your pocket prior to you request the other half. That is not just how business functions these days.

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Senator Grassley. Legislator Grassley. I desire to admit that we just have unscientific information, however I would certainly such as to ask you to what extent you have to go or do go to make certain that the facilities make certain that the financial investments do not create jobs for people below unlawfully.


Mr. Stenger. Senator, I am a hands-on owner of an organization, and I am on-property every day. We have actually hired-- as I stated, at the Height we had 550 building and construction employees on our task. The marching orders that I provided to my team is that we are to hire neighborhood companies in virtually 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 local regions. They are Vermonters. They are benefiting directly from the financial investment. So we are a hands-on facility. I know the workers, I recognize their family members, and we have actually been able to use-- via these last 3 years of dreadful financial chaos, we have had the ability to employ almost every construction worker in our area and the bordering areas.

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


Thank you. Mr. North, along the same lines of the concern I asked him, has your research shown instances other-- and I just gave one instance, so I wish to confess that and be accountable about it-- of facilities working with undocumented people? Mr. North. That type of information is very difficult to obtain from USCIS, and I here have to say that what we do understand around most of the interior points about that company as much as this program is concerned associates to instances in which the team has stated no to an application of some kind and after that the local facility or the individual business owner has gone to the Administrative Appeals Office-- which becomes part of the firm-- and there we get files, we get a hearing officer telling us what is going on because certain situation.




This is a poor application." There is a quantity of negative applications out there, yet just as soon as that procedure gets prior to a management regulation court do we see much in the means of information. Now, there click here to read was one instance that you discussed, and let me just elaborate on that a little.

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Do not take as well long since I wish to ask another couple questions. Go in advance and quickly finish. Mr. North. The dairy products farm had claimed 17 employees, and they entered 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 separate questions of each of the 3 of you, yet it deals with this set concern. As I claimed in my opening declaration, I am concerned concerning the potential loophole that allows capitalists to withdraw their financial investment in regional facilities after receiving their permit.


Divine, are you knowledgeable about any instances in which an investor took out the financial investment and left quickly after obtaining a permit? And if you are, or if you believe it is a problem, do you think that it is a loophole that should be shut? Mr. Divine. I would certainly say that a lot of the investors, if you inquired what are their objectives, they would claim, "I intend to obtain a permit, and I intend to maintain it.


If I put click here for more info my money in a hotel growth-- Senator Grassley. Can I presume then that you are claiming that there does not need to be any kind of adjustments 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/her financial investment right away after obtaining a permit? Mr.

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Senator, no. Our programs require that the investor be invested 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. So we have the advantage of the resources to develop business, get it running, make it effective, guarantee that the jobs will certainly be created and kept, and after that only if the business achieves success will there be a leave approach for the financier.