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And I have been proud to satisfy them and pleased to invite them. Chairman Leahy. As my last concern, in some of the testament this morning there has been a tip that, of training course, simply with all the hundreds of billions, trillions of dollars ready to invest, you ought to just go somewhere else.


Stenger. I would certainly inform you that in this climate the ability to elevate funding for things we are doing would certainly have-- it is difficult to do so in a manner that would certainly enable us as successfully and as swiftly create things we have actually done. You can borrow cash if you have got half down.


I might have borrowed fifty percent of that if I had the $12 million in cash money to set up. Everybody knows that, yes, financial institutions have cash to funding as long as you have obtained half of it in your pocket before you request for the other half. That is not exactly how organization works nowadays.

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You are talking from a real-world experience, not from a think storage 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 workers. I intend to admit that we just have unscientific information, but I wish to ask you to what level you need to go or do go to make certain that the facilities make sure that the investments do not produce work for people right here important link unlawfully.


Mr. reference Stenger. We have hired-- as I claimed, at the Top we had 550 construction employees on our project.


They are made up of 10, 15, 20, 30 employees. They are benefiting straight from the financial investment. I know the employees, I understand their family members, and we have actually been able to utilize-- through these last 3 years of dreadful economic turmoil, we have actually been able to utilize virtually every building that site and construction worker in our county and the bordering areas.

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They are invested in the communities, and they are all United state employees. Senator Grassley. Mr. Stenger.


Mr. North, along the very same lines of the concern I asked him, has your research study shown examples various other-- and I only provided one example, so I want to confess that and be accountable concerning it-- of centers hiring undocumented people? Mr. EB5 Regional Center Program. North.




This is a poor application." There is an amount of poor applications out there, but just as soon as that procedure gets prior to a management law court do we see a lot in the way of information. Now, there was one case that you mentioned, and allow me just clarify on that particular a little.

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Do not take too long because I want to ask another couple questions. Go ahead and quickly coating. Mr. North. The milk ranch had actually asserted 17 employees, and they entered into it, and the judge found that 16 of them were illegals. Now, that is the one example I have, and it is a fine example.


Okay. I am mosting likely to ask different concerns of each of the 3 of you, yet it deals with this one issue. As I said in my opening statement, I am concerned about the possible technicality that enables investors to withdraw their financial investment in local facilities after receiving their copyright.


Mr. Divine. I would claim that most of the capitalists, if you asked them what are their goals, they would certainly state, "I desire to get an environment-friendly card, and I want to maintain it.


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


Senator, no.