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And I have been pleased to meet them and proud to invite them. Chairman Leahy. As my last concern, in some of the testament this morning there has actually been a suggestion that, of program, just with all the hundreds of billions, trillions of bucks ready to invest, you need to just go somewhere else.


Stenger. I would certainly inform you that in this environment the ability to raise resources for things we are doing would certainly have-- it is difficult to do so in a way that would permit us as efficiently and as rapidly create things we have done. You can borrow cash if you have actually obtained 50 percent down.


I can have obtained fifty percent of that if I had the $12 million in cash to put up. Everybody recognizes that, yes, financial institutions have money to financing as long as you have actually obtained half of it in your pocket before you ask for the various other half. That is not how service works nowadays.

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Legislator Grassley. Senator Grassley. I desire to admit that we just have unscientific info, but I would like to ask you to what degree you have to go or do go to make sure that the facilities make certain that the financial investments do not develop work for individuals here illegally.


Mr. Stenger. Legislator, I am a hands-on proprietor of an organization, and I am on-property each and every single day. We have actually hired-- as I stated, at the Top we had 550 building and construction employees on our task. The marching orders that I gave to my group is that we are to hire regional business in almost every instance to do all of the construction.


They are made up of 10, 15, 20, 30 workers. They are benefiting directly from the read more financial investment. I recognize the workers, I recognize their households, and we have been able to employ-- via these last 3 years of awful financial turmoil, we have actually been able to use nearly every building worker in our area and the bordering regions.

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


Thank you. Mr. North, along the very same lines of the question I asked him, has your study revealed instances other-- and I only offered one instance, so I wish to confess that and be accountable about it-- of centers employing undocumented people? Mr. North. That kind of data is extremely tough to get from USCIS, and I should claim that what we do learn about several of the internal points concerning that firm as far as this program is concerned associates to situations in which the team has actually said no to an application of some kind and then the local facility or the specific business owner has mosted likely to the Administrative Appeals Workplace-- which is part of the firm-- and there we get documents, we get a hearing police officer informing us what is taking place in that certain instance.




This is a negative application." So there is an amount of negative applications available, however only once that process gets prior to a management regulation court do we see much in the way of detail. Currently, there was one instance that you stated, and let me just specify on that particular a bit.

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Mr - EB5 Regional Center Program. North. The milk ranch had actually declared 17 workers, and they got into it, and the judge found that 16 of them were illegals.


Okay. I am mosting likely to ask different inquiries of each of the 3 of you, however it takes care of this one problem. As I stated in my opening statement, I am worried regarding the possible technicality that permits financiers to withdraw their financial investment in local centers after receiving their eco-friendly card.


Mr. Divine. I would state that most of the financiers, if you asked them what are their goals, they would certainly state, "I desire to get an eco-friendly card, and I want to keep it.


Mr. Divine. Allow me ask Mr. Stenger, is it usual for an investor in your experience to withdraw his or her financial investment immediately after getting a copyright? Mr.


Senator, no.