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And I have actually been happy to meet them and pleased to welcome them. Chairman Leahy. As my last concern, in some of the testament this morning there has actually been a pointer that, of course, just with all the hundreds of billions, trillions of bucks ready to invest, you must just go someplace else.


Stenger. I would certainly inform you that in this climate the capacity to raise capital for things we are doing would have-- it is difficult to do so in a fashion that would certainly permit us as effectively and as quickly develop things we have actually done. You can borrow cash if you have actually obtained half down.


I might have borrowed fifty percent of that if I had the $12 million in cash money to install. Everybody understands that, yes, banks have cash to car loan as long as you have obtained fifty percent of it in your pocket before you ask for the various other half. That is not how organization functions nowadays.

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You are talking from a real-world experience, not from a brain trust experience. I will certainly leave that merely as a gratuitous remark from the Chairman. Senator Grassley. Legislator Grassley. Thank you. I desire to be responsible in this concern of undocumented workers. I wish to admit that we just have anecdotal information, however I would such as to ask you to what extent you need to go or do go to see to it that the centers ensure that the financial investments do not develop jobs for people here illegally.


Mr. Stenger. We have actually employed-- as I said, at the Top we had 550 construction workers on our job.


They are composed of 10, 15, 20, 30 employees. They are from our neighborhood regions. They are Vermonters. They are profiting straight from the financial investment. So we are a hands-on facility. I understand the workers, I understand their households, and we have actually been able to use-- via these last 3 years of horrible financial turmoil, we have been able to use practically every construction employee in our county and the bordering regions.

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They are invested in the areas, and they are all U.S. employees. Legislator Grassley. Mr. Stenger.


Mr. North, along the very same lines of the concern I asked him, has your research shown examples other-- and I just provided one instance, so I desire to admit that and be liable about it-- of centers employing undocumented individuals? Mr. EB5 Regional Center Program. North.




This is a negative application." So there is an amount of bad applications around, but only as soon as that process gets before an administrative legislation judge do we see a lot in the means of information. Now, there was one situation that you pointed out, and let me just clarify on that particular a bit.

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Mr - EB5 Regional Center Program. North. The milk farm had asserted 17 employees, and they got check it out into it, and the judge located that 16 of them Discover More were illegals.


Okay. I am going to ask different concerns of each of the 3 of you, but it deals with this set issue. As I claimed in my opening statement, I am worried concerning the potential technicality that enables capitalists to withdraw their investment in local facilities after obtaining their permit.


Divine, are you knowledgeable about any type of instances in which a financier withdrew the financial investment and left quickly after receiving a permit? And if you are, or if you think it is a trouble, do you click this believe that it is a loophole that should be shut? Mr. Divine. I would certainly say that most of the financiers, if you asked them what are their goals, they would say, "I desire to get an environment-friendly card, and I desire to maintain it.


Mr. Divine. Let me ask Mr. Stenger, is it common for a capitalist in your experience to withdraw his or her financial investment quickly after obtaining a copyright? Mr.


Senator, legislator.