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And I have been honored to satisfy them and proud to invite them. Chairman Leahy. Additionally, as my last concern, in several of the testimony today there has been a suggestion that, naturally, just with all the numerous billions, trillions of dollars prepared to invest, you ought to simply go someplace else.


Stenger. I would tell you that in this climate the capacity to raise funding for things we are doing would certainly have-- it is impossible to do so in a fashion that would certainly permit us as efficiently and as quickly create the things we have done. You can borrow money if you have got half down.


I could have obtained half of that if I had the $12 million in cash to install. Everyone knows that, yes, financial institutions have cash to car loan as long as you have got fifty percent of it in your pocket prior to you ask for the other half. That is not just how organization functions these days.

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Senator Grassley. Senator Grassley. I want to confess that we only have anecdotal information, however I would such as to ask you to what extent you have to go or do go to make sure that the facilities make sure that the investments do not create work for people here unlawfully.


Mr. Stenger. We have employed-- as I said, at the Top we had 550 building employees on our project.


They are made up of 10, 15, 20, 30 staff members. They are profiting directly from the investment. I understand the employees, I recognize their families, and we have actually been able to employ-- through these last 3 years of horrible financial chaos, we have been able to use almost every building and click here construction employee in our area and the surrounding areas.

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locals. They stay in the location. Their families exist. They are bought the areas, and they are all U.S. workers. Senator Grassley. You do not have to make use of e-verify, however I want to understand whether or not you do. Mr. Stenger. We do. Legislator Grassley. You do.


Mr. North, along the very same lines of the question I asked him, has your study shown examples other-- and I only gave one example, 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 bad application." So there is an amount of bad applications available, but just as soon as that process gets before an administrative regulation court do we see a lot in the means of detail. Currently, there was one instance that you stated, and let me simply elaborate on that particular a bit.

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Do not take too long because I want to ask one more couple questions. But proceed and rapidly coating. Mr. North. The dairy products farm had claimed 17 workers, and they got involved in it, and the judge found that 16 of them were illegals. Currently, that is the one example I have, and it is a fine example.


Okay. I am going to ask different inquiries of each of the 3 of you, yet it manages this problem. As I said in my opening statement, I am concerned concerning the possible loophole that allows investors to withdraw their investment in regional facilities after obtaining their permit.


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


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


Senator, no.