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And I have actually been pleased to meet them and proud to invite them. Chairman Leahy. Additionally, as my last inquiry, in several of the testament today there has been an idea that, obviously, simply with all the thousands of billions, trillions of bucks all set to spend, you need to simply go elsewhere.

Stenger. I would tell you that in this climate the capacity to raise capital for the important things we are doing would have-- it is difficult to do so in a fashion that would certainly permit us as successfully and as promptly develop things we have done. You can borrow money if you have got 50 percent down.

I could have borrowed half of that if I had the $12 million in cash to put up. Everybody understands that, yes, financial institutions have money to lending as long as you have obtained fifty percent of it in your pocket prior to you ask for the other half. That is not exactly how company works nowadays.

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You are talking from a real-world experience, not from a brain trust experience. I will certainly leave that simply as an unjustified remark from the Chairman. Senator Grassley. Legislator Grassley. Thank you. I wish to be responsible in this concern of undocumented workers. I wish to confess that we only have unscientific information, yet I wish to ask you to what extent you need to go or do go to ensure that the facilities make sure that the investments do not produce jobs for individuals here unlawfully.

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

They are made up of 10, 15, 20, 30 employees. They are benefiting straight from the financial investment. I recognize the employees, I recognize their family members, and we have actually been able to use-- through these last 3 years of terrible financial click here chaos, we have been able to employ almost every construction employee in our area and the bordering areas.

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homeowners. They stay in the location. Their households exist. They are invested in the areas, and they are all U.S. employees. Senator Grassley. You do not need to make use of e-verify, however I want to recognize whether you do. Mr. Stenger. We do. Senator Grassley. You do.

Mr. North, along the very same lines of the inquiry I asked him, has your study revealed instances various other-- and I just offered one instance, so I desire to confess that and be liable concerning it-- of facilities working with undocumented people? Mr. EB5 Regional Center Program. North.



This is a poor application." So there is an amount of poor applications around, however only once that procedure gets prior to a management regulation judge do we see a lot in the way of detail. Now, there was one case that you discussed, and allow me just specify on that particular a bit.

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

Okay. I am mosting likely to ask different questions of each of the three of you, however it deals with this problem. As I claimed in my opening declaration, I am worried about the prospective technicality that allows financiers to withdraw their financial investment in local facilities after getting their permit.

Divine, are you conscious of any type of circumstances in which a financier took out the financial investment and strolled away instantly after obtaining a copyright? And if you are, or if you believe it is an issue, do you believe that it is a technicality that should be closed? Mr. Divine. I would say that a lot of the financiers, if you asked what are their goals, they would claim, "I intend to obtain an eco-friendly card, and I wish to maintain it.

Mr. Divine. Allow me ask Mr. Stenger, is it common for a capitalist in your experience to withdraw his or her investment right away after receiving an environment-friendly card? Mr.

Senator, legislator.

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