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And I have actually been honored to meet them and pleased to invite them. Chairman Leahy. As my last inquiry, in some of the testimony this morning there has actually been a recommendation that, of training course, simply with all the hundreds of billions, trillions of dollars prepared to spend, you must just go someplace else.


Stenger. I would certainly tell you that in this climate the capability to elevate funding for the points we are doing would certainly have-- it is difficult to do so in a fashion that would enable us as effectively and as swiftly produce the points we have actually done. You can obtain money if you have actually obtained half down.


I can have borrowed half of that if I had the $12 million in cash money to place up. Everybody understands that, yes, banks have cash to loan as long as you have actually obtained half of it in your pocket before you request for the various other half. That is not how business 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 just as a gratuitous comment from the Chairman. Senator Grassley. Senator Grassley. Thanks. I wish to be accountable in this concern of undocumented workers. I intend to confess that we only have anecdotal details, but I want to ask you to what level you have to go or do most likely to make sure that the centers make certain that the investments do not produce jobs for people right here unlawfully.


Mr. Stenger. We have actually worked with-- as I claimed, at the Peak we had 550 construction workers on our project.


They are comprised of 10, 15, 20, 30 workers. They are from our regional areas. They are Vermonters. They are profiting straight from the investment. So we are a hands-on center. I know the workers, I know their families, and we have actually been able to employ-- through these last 3 years of terrible financial turmoil, we have had the ability to utilize virtually every building worker in our county and the surrounding areas.

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


Mr. North, along the exact same lines of the question I asked him, has your research shown instances other-- and I only offered one example, so I desire to confess that and be accountable about it-- of facilities working with undocumented people? Mr. EB5 Regional Center Program. North.




This is a bad application." There is an amount of poor applications out there, but just when that process obtains prior to an administrative legislation court do we see a lot in the method of information. Currently, there was one instance that you discussed, and let me simply specify on that particular a little bit.

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Mr - EB5 Regional Center Program. North. The dairy products ranch had declared 17 workers, and they got into it, and the judge found that 16 of them were illegals.


Okay. I am mosting likely to ask different inquiries of each of the three of you, but it takes care of this one issue. As I claimed in my opening declaration, I am concerned about the prospective loophole that enables financiers to withdraw their investment in regional centers after getting their permit.


Mr. click here Divine. I would claim that many of the investors, if you asked them what are their objectives, they would certainly state, "I want to obtain an environment-friendly card, and I desire to keep it.


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


Senator, no.