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And I have been pleased to satisfy them and proud to welcome them. Chairman Leahy. Additionally, as my last concern, in a few of the testimony today there has been a tip that, certainly, simply with all the numerous billions, trillions of bucks all set to spend, you ought to simply go elsewhere.


Stenger. I would inform you that in this climate the ability to increase resources for the important things we are doing would have-- it is difficult to do so in a fashion that would permit us as effectively and as promptly create things we have actually done. You can obtain cash if you have got half down.


I can have borrowed half of that if I had the $12 million in cash money to put up. Everybody recognizes that, yes, banks have cash to lending as long as you have got half of it in your pocket prior to you request for the other fifty percent. That is not exactly 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 certainly leave that simply as a gratuitous remark from the Chairman. Senator Grassley. Legislator Grassley. Thank you. I intend to be responsible in this issue of undocumented workers. I intend to admit that we just have unscientific details, however I wish to ask you to what degree you have to go or do most likely to see to it that the facilities make certain that the financial investments do not develop jobs for people right here illegally.


Mr. Stenger. Legislator, I am a hands-on owner of a company, and I am on-property every day. We have actually worked with-- as I said, at the Peak we had 550 construction employees on our project. The marching orders that I provided to my group is that we are to work with regional firms in almost every instance to do every one of the building.


They are made up of 10, 15, 20, 30 employees. They are profiting directly from the investment. I know the workers, I know their households, and we have been able to utilize-- with these last 3 years of terrible economic chaos, we have been able to utilize almost every building and construction worker in our region and the bordering counties.

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citizens. They stay in the area. Their households are there. They are spent in the areas, and they are all U.S. workers. Senator Grassley. You do not have to use e-verify, however I wish to understand whether you do. Mr. Stenger. We do. Legislator Grassley. You do.


Thank you. Mr. North, along the same lines of the question I asked him, has your study shown examples other-- and I only provided one instance, so I wish to confess that and be liable concerning it-- of facilities working with undocumented individuals? Mr. North. That type of data is really difficult to get from USCIS, and I must claim that what we do learn about most of the interior aspects of that company as for this program is concerned associates to cases in which the personnel has actually stated no to an application of some kind and after that the regional facility or the specific business owner has mosted likely to the Administrative Appeals Workplace-- which is component of the firm-- and there we get files, EB5 Regional Center Program we obtain a hearing officer telling us what is going on in that certain situation.




This is a negative application." So there is an amount of negative applications available, however only when that procedure gets before an administrative regulation judge do we see much in the means of information. Currently, there was one case that you discussed, and allow me simply elaborate on that particular a little bit.

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Mr - EB5 Regional Center Program. North. The milk ranch had claimed 17 employees, and they obtained right into it, and the judge discovered that 16 of them were illegals.


Okay. I am going to ask separate concerns of each of the 3 of you, however it handles this one issue. As I claimed in my opening statement, I am worried concerning the prospective loophole that permits investors to withdraw their investment in local facilities after receiving their permit.


Mr. Divine. I would certainly state that many of the capitalists, if you asked them what are their objectives, they would certainly state, "I desire to get a copyright, and I desire to keep it.


Mr. Divine. Let me ask Mr. Stenger, is it common for a capitalist in your experience to withdraw his or her investment instantly after getting an environment-friendly card? Mr.


Senator, no.