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And I have been proud to satisfy them and proud to invite them. Chairman Leahy. Likewise, as my last question, in some of the testimony this early morning there has been a tip that, obviously, just with all the hundreds of billions, trillions of bucks prepared to invest, you need to just go someplace else.

Stenger. I would inform you that in this environment the capacity to elevate funding for the important things we are doing would have-- it is difficult to do so in a way that would allow us as effectively and as promptly develop the things we have done. You can obtain cash if you have got half down.


I might have borrowed fifty percent of that if I had the $12 million in money to put up. Every person recognizes that, yes, banks have money to car loan as long as you have obtained half of it in your pocket prior to you request the other fifty percent. That is not exactly how business functions these days.

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You are speaking from a real-world experience, not from a think tank experience. I will leave that merely as a gratuitous remark from the Chairman. Legislator Grassley. Senator Grassley. Thanks. I wish to be accountable in this concern of undocumented workers. I intend to confess that we just have unscientific info, yet I wish to ask you to what level you need to go or do go to see to it that the facilities ensure that the investments do not produce tasks for individuals here illegally.


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


They are made up of this page 10, 15, my explanation 20, 30 staff members. They are profiting directly from the investment. I know the employees, I understand their households, and we have been able to employ-- through these last 3 years of terrible financial chaos, we have actually been able to use virtually every construction worker in our area and the surrounding counties.

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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 exact same lines of the inquiry I asked him, has your study shown examples other-- and I only provided one example, so I want to admit that and be accountable regarding it-- of centers employing undocumented individuals? Mr. EB5 Regional Center Program. North.




This is a bad application." There is an amount of negative applications out there, yet only when that process gets prior to a management regulation judge do we see a lot in the means of information. Currently, there was one case that you discussed, and allow me just clarify on that particular a little.

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Do not take also long since I desire to ask an additional pair questions. However go on and quickly finish. Mr. North. The dairy ranch had claimed 17 workers, and they entered it, and the judge found that 16 of them were illegals. Now, that is the one instance I have, and it is a fine example.


Okay. I am mosting likely to ask separate questions of each of the three of you, yet it takes care of this set issue. As I said in my opening statement, I am concerned concerning the prospective loophole that enables financiers to withdraw their financial investment in local centers after obtaining their permit.


Divine, are you knowledgeable about any circumstances in which a financier took out the investment and left instantly after receiving a permit? And if basics you are, or if you think it is a trouble, do you believe that it is a loophole that should be shut? Mr. Divine. I would certainly say that a lot of the financiers, if you asked them what are their goals, they would certainly state, "I intend to obtain a permit, and I wish to keep it.

Mr. Divine. Allow me ask Mr. Stenger, is it usual for a capitalist in your experience to withdraw his or her financial investment promptly after receiving an eco-friendly card? Mr.


Senator, legislator.