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

Stenger. I would certainly tell you that in this climate the ability to elevate capital for the things we are doing would certainly have-- it is difficult to do so in a fashion that would enable us as properly and as quickly create the things we have actually done. You can obtain money if you have actually got half down.


I could have borrowed half of that if I had the $12 million in money to install. Everybody recognizes that, yes, financial institutions have money to loan as long as you have actually obtained fifty percent of it in your pocket prior to you request the various other half. That is not just how company works these days.

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Legislator Grassley. Senator Grassley. I want to admit that we only have unscientific information, however I would certainly like to ask you to what extent you have to go or do go to make certain that the facilities make certain that the investments do not create jobs for people here illegally.


Mr. Stenger. Senator, I am a hands-on owner of a business, and I am on-property each and every single day. We have worked with-- as I claimed, at the Height we had 550 building and construction employees on our task. The marching orders that I gave to my team is that we are to hire neighborhood firms in practically every instance to do all of the construction.


They are made up of 10, 15, 20, 30 workers. They check here are benefiting straight from the investment. I recognize the employees, I know their families, and we have actually been able to employ-- via these last 3 years of awful economic chaos, we have actually been able to use virtually every building worker in our area and the surrounding 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 question I asked him, has your research shown examples other-- and I just gave one instance, so I desire to confess that and be responsible concerning it-- of centers employing undocumented individuals? Mr. EB5 Regional Center Program. North.




This is a poor application." So there is an amount of negative applications out there, but just as soon as that procedure obtains before a management regulation court do we see much in the way of detail. Currently, there was one situation that you mentioned, and allow me just specify on that a little bit.

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Mr - EB5 Regional Center Program. North. The dairy products farm had actually claimed 17 employees, and they obtained right into it, and the judge found that 16 of them were illegals.


Okay. I am going to ask different inquiries of each of the three of you, but it deals with this set concern. As I stated in my opening statement, I am worried concerning the possible technicality that allows investors to withdraw their financial investment in regional centers after obtaining their permit.


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

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


Senator, legislator.