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And I have actually been proud to satisfy them and honored to welcome them. Chairman Leahy. Additionally, as my last concern, in a few of the testimony this early morning there has been a pointer that, naturally, simply with all the hundreds of billions, trillions of dollars prepared to spend, you need to just go elsewhere.


Stenger. I would tell you that in this climate the capability to elevate resources for the points we are doing would have-- it is impossible to do so in a manner that would certainly permit us as effectively and as quickly develop the important things we have done. You can obtain money if you have obtained half down.


I could have obtained fifty percent of that if I had the $12 million in money to set up. Everyone recognizes that, yes, financial institutions have cash to financing as long as you have actually got half of it in your pocket before you ask for the other fifty percent. That is not just how service 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 comment from the Chairman. Legislator Grassley. Senator Grassley. Thank you. I want to be responsible in this concern of undocumented workers. I intend to admit that we only have anecdotal details, however I wish to ask you to what degree you have to go or do go to make sure that the centers see to it that the investments do not create jobs for individuals here illegally.


Mr. Stenger. We have hired-- as I said, at the Top we had 550 building employees on our job.


They are composed of 10, 15, 20, 30 staff members. They are from our local counties. They are Vermonters. They are benefiting directly from the investment. So we are a hands-on center. I understand the workers, I understand their families, and we have actually had the ability to use-- via these last 3 years of dreadful financial chaos, we have been able to employ almost every construction employee in our area and the bordering regions.

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homeowners. They reside in the location. Their families exist. They are invested in the areas, and they are all U.S. employees. Senator Grassley. You do not need to utilize e-verify, but I would certainly like to recognize whether you do. Mr. Stenger. We do. Legislator 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 provided one instance, so I want to admit that and be responsible regarding it-- of centers employing undocumented individuals? Mr. EB5 Regional Center Program. North.




This is a poor application." There is an amount of bad applications out there, yet just once that process gets before a read more management legislation court do we see much in the method of information. Currently, there was one situation that you pointed out, and allow me simply specify on that a little bit.

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


Okay. I am going to ask separate inquiries of each of the 3 of you, yet it deals with this one concern. As I said in my opening declaration, I am worried concerning the prospective loophole that enables investors to withdraw their investment in local centers after getting their eco-friendly card.


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


Mr. Divine. Let me ask Mr. Stenger, is it usual for a financier in your experience to withdraw his or her investment right away after getting a copyright? Mr.


Senator, legislator.