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And I have actually been honored to meet them and happy to welcome them. Chairman Leahy. Additionally, as my last inquiry, in several of the testimony this morning there has actually been a pointer that, naturally, simply with all the thousands of billions, trillions of dollars prepared to invest, you should just go elsewhere.


Stenger. I would inform you that in this climate the capacity to raise resources for things we are doing would certainly have-- it is difficult to do so in a way that would allow us as successfully and as swiftly produce the things we have actually done. You can obtain cash if you have actually obtained half down.


I could have borrowed fifty percent of that if I had the $12 million in cash money to install. Everyone understands that, yes, banks have money to loan as long as you have got fifty percent of it in your pocket before you ask for the various other fifty percent. That is not exactly how service works these days.

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You are speaking from a real-world experience, not from a brain trust experience. I will leave that just as a gratuitous remark from the Chairman. Senator Grassley. Senator Grassley. Thanks. I want to be liable in this problem of undocumented employees. I intend to admit that we only have unscientific information, however I would love to ask you to what level you have to go or do most likely to make certain that the facilities ensure that the financial investments do not create work for people below illegally.


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


They are comprised of 10, 15, 20, 30 workers. They are from our regional counties. They are Vermonters. They are profiting straight from the financial investment. So we are a hands-on center. I understand the workers, I understand their households, and we have been able to employ-- through these last 3 years of dreadful financial chaos, we have actually been able to employ almost every construction worker in our county and the surrounding counties.

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citizens. They stay in the area. Their family members are there. They are purchased the communities, and they are all united state employees. Senator Grassley. You do not need to use e-verify, however I want to understand whether you do. Mr. Stenger. We do. Senator Grassley. You do.


Thanks. Mr. North, along the same lines of the inquiry I asked him, has your research revealed examples various other-- and I only offered one example, so I wish to confess that and be responsible regarding it-- of facilities hiring undocumented individuals? Mr. North. That type of information is very difficult to get from USCIS, and I should state that what we do find out about most of the interior points about that company check here regarding this program is worried connects to cases in which the staff has stated no to an application of some kind and then the local facility or the specific business owner has gone to the Administrative Appeals Workplace-- which is part of the agency-- and there we obtain files, we obtain a hearing policeman telling us what is going on because certain instance.




This is a poor application." So there is an amount of poor applications out there, but only as soon as that procedure gets before a management regulation court do we see much in the way of information. Now, there was one situation that you discussed, and let me just clarify on that particular a little bit.

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Mr - EB5 Regional Center Program. North. The dairy ranch had actually claimed 17 workers, and they obtained into it, and the court discovered that 16 of them were illegals.


Okay. I am going to ask separate questions of each of the three of you, however it takes care of this set problem. As I stated in my opening statement, I am concerned about the potential loophole that allows investors to withdraw their investment in regional facilities after getting their environment-friendly card.


Mr. Divine. I would claim that most of the capitalists, if you asked them what are their objectives, they would claim, "I want to obtain a copyright, and I want to maintain it.


If I put my cash in a resort growth-- Senator Grassley. Can I think then that you are saying that there does not need 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 common for an investor in your experience to withdraw his or her financial investment immediately 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 position to do so at the end of that time. We have the advantage of the funding to create the business, obtain it running, make it successful, assure that the work will certainly be produced and maintained, and after that only if the business is effective will there be an exit approach for the capitalist.