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And I have actually been proud to meet them and proud to welcome them. Chairman Leahy. As my last question, in some of the testimony this morning there has been an idea that, of course, simply with all the hundreds of billions, trillions of bucks prepared to spend, you should simply go somewhere else.


Stenger. I would tell you that in this environment the capacity to raise funding for things we are doing would have-- it is difficult to do so in a fashion that would certainly permit us as efficiently and as swiftly produce things we have done. You can obtain money if you have actually got half down.


I could have borrowed fifty percent of that if I had the $12 million in money to put up. Everyone knows that, yes, banks have cash to funding as long as you have actually got fifty percent of it in your pocket before you ask for the various other fifty percent. That is not exactly how business 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 merely as an unjustified comment from the Chairman. Senator Grassley. Legislator Grassley. Thanks. I intend to be accountable in this concern of undocumented employees. I want to confess that we just have anecdotal details, however I wish to ask you to what extent you have to go or do go to make sure that the centers make sure that the financial investments do not produce work for people right here illegally.


Mr. Stenger. We have hired-- as I stated, at the Peak we had 550 building and construction workers on our task.


They are comprised of 10, 15, 20, 30 staff members. They are from our regional counties. They are Vermonters. They are benefiting directly from the investment. We are a hands-on center. I recognize the employees, I recognize their households, and we have actually been able to utilize-- through these last 3 years of awful financial turmoil, we have actually had the ability to utilize almost every building employee in our county and the bordering regions.

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homeowners. They reside in the area. Their households are there. They are invested in the communities, and they are all united state workers. Senator Grassley. You do not need to make use of e-verify, yet I would love to recognize whether you do. Mr. Stenger. We do. Legislator Grassley. You do.


Mr. North, along the same lines of the concern I asked him, has your research study revealed examples various other-- and I only provided one instance, so I want to confess that and be accountable concerning it-- of centers hiring undocumented people? Mr. EB5 Regional Center Program. North.




This is a bad application." So there is an amount of negative applications available, yet just check here as soon as that process obtains prior to a management legislation court do we see a lot in the means of information. Now, there was one case that you pointed out, and let me simply specify on that a little.

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Mr - EB5 Regional Center Program. North. The milk ranch had asserted 17 workers, and they got into it, and the court discovered that 16 of them were illegals.


Okay. I am going to ask separate questions of each of the 3 of you, yet it manages this set problem. As I said in my opening statement, I am worried regarding the possible loophole that permits investors to withdraw their financial investment in local facilities after obtaining their permit.


Mr. Divine. I would certainly claim that many of the capitalists, if you asked them what are their objectives, they would say, "I desire to get an environment-friendly card, and I desire to keep it.


Mr. Divine. Let me ask Mr. Stenger, is it usual for a capitalist in your experience to withdraw his or her financial investment right away after receiving an environment-friendly card? Mr.


Senator, legislator.