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And I have been honored to satisfy them and proud to welcome them. Chairman Leahy. As my last concern, in some of the statement this early morning there has been a tip that, of course, simply with all the hundreds of billions, trillions of bucks ready to invest, you should just go someplace else.

Stenger. I would certainly inform you that in this environment the capacity to increase capital for things we are doing would certainly have-- it is difficult to do so in a manner that would allow us as successfully and as promptly develop the points we have actually done. You can borrow money if you have obtained 50 percent down.


I can have obtained fifty percent of that if I had the $12 million in cash to set up. Everybody recognizes that, yes, banks have cash to financing as long as you have actually got fifty percent of it in your pocket prior to you ask for the various other half. That is not exactly how company functions these days.

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You are talking from a real-world experience, not from a think storage tank experience. I will leave that just as a gratuitous comment from the Chairman. Senator Grassley. Senator Grassley. Thank you. I wish to be liable in this problem of undocumented workers. I desire to admit that we just have anecdotal info, yet I would such as to ask you to what extent you need to go or do most likely to make certain that the facilities ensure that the investments do not develop jobs for people right here illegally.


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


They are made up of 10, 15, 20, 30 employees. They are from our regional counties. They are Vermonters. They are profiting straight from the financial investment. So we are a hands-on facility. I recognize the employees, I know their family members, and we have actually been able to use-- via these last 3 years of dreadful financial turmoil, we have had the ability to employ practically every construction employee in our region and the bordering counties.

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They are invested in the neighborhoods, and they are all United state workers. Legislator Grassley. Mr. Stenger.


Mr. North, along the very same lines of the question I asked him, has your research revealed instances various other-- and I only gave one instance, so I desire to admit that and be responsible concerning it-- of centers hiring undocumented people? Mr. EB5 Regional Center Program. North.




This is a poor application." So there is an amount of poor applications available, but only when that procedure obtains prior to an administrative regulation court do we see much in the method of information. Currently, there was one case that you stated, and allow me just specify on that particular a little bit.

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Do not take as well long because I want to ask one more couple inquiries. Go in advance and quickly coating. Mr. North. The dairy ranch had claimed 17 workers, and they got involved in it, and the court discovered that 16 of them were illegals. Currently, that is the one instance I have, and it is an example.


Okay. I am going to ask separate questions of each of the three of you, yet it manages this set concern. As I stated in my opening declaration, I am concerned regarding the prospective technicality that allows capitalists to withdraw their investment in regional centers after receiving their permit.


Mr. Divine. I would claim that most of the investors, if you asked them more info what are their goals, they would certainly state, "I desire to get a copyright, and I desire to keep it.

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


Senator, no.