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And I have been honored to meet them and pleased to invite them. Chairman Leahy. Likewise, as my last inquiry, in a few of the testament today there has been a recommendation that, of program, simply with all the numerous billions, trillions of dollars prepared to spend, you should just go somewhere else.

Stenger. I would certainly tell you that in this climate the ability to elevate capital for the important things we are doing would certainly have-- it is impossible to do so in a manner that would certainly enable us as efficiently and as rapidly create the important things we have done. You can obtain money if you have actually obtained 50 percent down.


I can have borrowed fifty percent of that if I had the $12 million in cash money to install. Everyone knows that, yes, banks have cash to loan as long as you have actually obtained half of it in your pocket prior to you request the various other half. That is not how business functions nowadays.

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You are talking from a real-world experience, not from a think tank experience. I will certainly leave that merely as a gratuitous comment from the Chairman. Legislator Grassley. Legislator Grassley. Thank you. I wish to be accountable in this concern of undocumented employees. I intend to admit that we just have unscientific information, however I want to ask you to what extent you have to go or do most likely to make certain that the facilities make sure that the financial investments do not produce work for people below illegally.


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


They are comprised of 10, 15, 20, 30 workers. They are from our neighborhood areas. They are Vermonters. They are profiting straight from the financial investment. We are a hands-on center. I understand the workers, I know their families, and we have been able to employ-- through these last 3 years of dreadful economic turmoil, we have actually been able to utilize nearly every building and construction employee in our region and the surrounding areas.

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residents. They reside in the location. Their families exist. They are purchased the neighborhoods, and they are all united state workers. Legislator Grassley. You EB5 Regional Center Program do not have to utilize e-verify, yet I wish to recognize whether or not you do. Mr. Stenger. We do. Senator Grassley. You do.


Thanks. Mr. North, along the very same lines of the inquiry I asked him, has your research shown examples other-- and I just gave one example, so I intend to confess that and be responsible regarding it-- of facilities hiring undocumented individuals? Mr. North. That type of information is very hard to acquire from USCIS, and I have to say that what we do understand about much of the internal aspects of that company as much as this program is concerned connects to situations in which the staff has actually said no to an application of some kind and after that the regional facility or the private business owner has gone to the Administrative Appeals Office-- which is component of the company-- and there we obtain documents, we obtain a hearing policeman informing us what is taking place in that certain instance.




This is a poor application." So there is an amount of negative applications out there, yet just when that process obtains before an administrative regulation court do we see much in the means of information. Currently, there was one instance that you stated, and allow me just elaborate on that particular a little.

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Mr - EB5 Regional Center Program. North. The dairy farm had declared 17 workers, and they got into it, and the judge located that 16 of them were illegals.


Okay. I am mosting likely to ask separate inquiries of each of the three of you, but it deals with this one concern. As I claimed in my opening declaration, I am concerned about the potential loophole that allows investors to withdraw their financial investment in regional centers after getting their permit.


Mr. Divine. I would say that most of the capitalists, if you asked them what are their objectives, they would certainly state, "I want to obtain an eco-friendly card, and I want to keep it.

Mr. Divine. Allow me ask Mr. Stenger, is it typical for an investor in your experience to withdraw his or her financial investment right away after obtaining an environment-friendly card? Mr.


Senator, legislator.