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And I have actually been happy to meet them and honored to welcome them. Chairman Leahy. As my last concern, in some of the statement this morning there has actually been a pointer that, of training course, just with all the hundreds of billions, trillions of dollars prepared to spend, you should just go someplace else.


Stenger. I would certainly tell you that in this climate the ability to raise resources for the important things we are doing would certainly have-- it is difficult to do so in a way that would allow us as successfully and as promptly develop the points we have actually done. You can obtain money if you have got 50 percent down.


I can have borrowed fifty percent of that if I had the $12 million in cash money to set up. Everyone knows that, yes, financial institutions have cash to loan as long as you have actually got half of it in your pocket before you ask for the various other fifty percent. That is not just how service works these days.

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You are speaking from a real-world experience, not from a brain trust experience. I will leave that just as a gratuitous comment from the Chairman. Senator Grassley. Legislator Grassley. Thanks. I desire to be accountable in this problem of undocumented workers. I wish to confess that we just have anecdotal info, yet I want to ask you to what level you have to go or do go to see to it that the centers make certain that the investments do not develop jobs for individuals here unlawfully.


Mr. Stenger. Senator, I am a hands-on owner of a service, and I am on-property every solitary day. We have actually hired-- as I stated, at the Height we had 550 building and construction employees on our task. The marching orders that I provided to my team is that we are to hire regional business in virtually every circumstances to do all of the building.


They are made up of 10, 15, 20, 30 workers. They are benefiting directly from the financial investment. I recognize the employees, I know their family members, and we have actually been able to employ-- via these last 3 years of terrible economic chaos, we have been able to use nearly every building and construction worker in our region and the bordering areas.

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residents. They live in the area. Their families exist. They are bought the areas, and they are all united state employees. Senator Grassley. You do not need to utilize e-verify, but I would love to recognize whether you do. Mr. Stenger. We do. Legislator Grassley. You do.


Thanks. Mr. North, along the same lines of the concern I asked him, has your study shown examples various other-- and I just gave one instance, so I wish to admit that and be responsible regarding it-- of facilities hiring undocumented people? Mr. North. That sort of data is extremely tough to obtain from USCIS, and I should say that what we do understand about a lot of the inner aspects of that firm as for this program is concerned connects to situations in which the team has actually said no to an application of some kind and afterwards the regional center or the private business owner has actually mosted likely to the Administrative Appeals Workplace-- which becomes part of the agency-- and there we get papers, we obtain a hearing police officer informing us what is taking place because particular case.




This is a poor application." So there is an amount of poor applications available, yet just when that process gets before an administrative legislation judge do we see much in the way of information. Now, there was one instance that you discussed, and allow me just clarify on that particular a little bit.

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Mr - EB5 Regional Center Program. North. The dairy products ranch had actually claimed 17 employees, and they got right into it, and the court located that 16 of them were illegals.


Okay. I am mosting likely check here to ask separate concerns of each of the three of you, but it deals with this set issue. As I claimed in my opening statement, I am concerned about the possible loophole that allows investors to withdraw their investment in regional facilities after receiving their environment-friendly card.


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


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


Senator, no.