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And I have actually been proud to satisfy them and honored to invite them. Chairman Leahy. As my last question, in some of the testament this morning there has been an idea that, of training course, simply with all the hundreds of billions, trillions of bucks all set to spend, you need to just go someplace else.


Stenger. I would tell you that in this environment the capacity to elevate capital for things we are doing would have-- it is difficult to do so in a fashion that would permit us as effectively and as quickly produce the important things we have done. You can borrow cash if you have actually obtained half down.


I might have obtained half of that if I had the $12 million in cash to set up. Everybody recognizes that, yes, financial institutions have money to loan as long as you have obtained half of it in your pocket prior to you request the other fifty percent. That is not how service functions nowadays.

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You are speaking from a real-world experience, not from a think container experience. I will leave that just as an unjustified remark from the Chairman. Legislator Grassley. Senator Grassley. Thank you. I intend to be accountable in this problem of undocumented workers. I desire to confess that we only have unscientific details, but I want to ask you to what extent you have to go or do most likely to make sure that the facilities ensure that the investments do not produce work for individuals right here illegally.


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


They are made up of 10, 15, 20, 30 employees. They are benefiting directly from the investment. I know the workers, I know their family members, and we have been able to employ-- with these last 3 years of horrible financial turmoil, we have been able to utilize nearly every building and construction employee in our county and the bordering areas.

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They are invested in the communities, and they are all U.S. employees. Senator Grassley. Mr. Stenger.


Thank you. Mr. North, along the very same lines of the question I asked him, has your research study revealed examples other-- and I just offered one example, so I want to confess that and be responsible concerning it-- of facilities hiring undocumented individuals? Mr. North. That type of information is very hard to acquire from USCIS, and I should say that what we do find out about much of the inner aspects of that firm regarding this program is worried associates with situations in which the team has claimed no to an application of some kind and after that the regional center or the individual business owner has actually mosted likely to the Administrative Appeals Office-- which becomes part of the company-- and there we get records, we obtain a hearing police officer telling us what is going on in that particular situation.




This is a poor application." So there is an amount of negative applications out there, yet only once that procedure obtains before an administrative law court do we see a lot in the way of information. Currently, there was one case that you More hints pointed out, and let me simply clarify on that particular a have a peek at these guys little bit.

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Mr - EB5 Regional Center Program. North. The dairy farm had asserted 17 workers, and they obtained right into it, and the judge discovered that 16 of them were illegals.


Okay. I am mosting likely to ask different questions of each of the 3 of you, yet it handles this set problem. As I claimed in my opening statement, I am concerned about the possible loophole that enables financiers to withdraw their investment in local centers after getting their copyright.


Mr. Divine. I would state that many of the capitalists, if you asked them what are their goals, they would certainly claim, "I desire to obtain an environment-friendly card, and I desire to maintain it.


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


Senator, legislator.