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And I have been honored to meet them and honored to welcome them. Chairman Leahy. Likewise, as my last inquiry, in some of the testimony this morning there has actually been an idea that, certainly, just with all the numerous billions, trillions of dollars all set to invest, you should just go elsewhere.


Stenger. I would inform you that in this environment the capability to raise resources for the important things we are doing would certainly have-- it is impossible to do so in a manner that would certainly enable us as successfully and as swiftly create the points we have actually done. You can borrow money if you have actually got half down.


I can have borrowed fifty percent of that if I had the $12 million in money to put up. Everyone recognizes that, yes, banks have cash to finance as long as you have actually got fifty percent of it in your pocket before you ask for the other half. That is not 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 a gratuitous remark from the Chairman. Legislator Grassley. Senator Grassley. Thank you. I intend to be responsible in this problem of undocumented employees. I intend to admit that we just have unscientific details, yet I wish to ask you to what degree you need to go or do go to ensure that the centers ensure that the investments do not develop work for people here illegally.


Mr. Stenger. Senator, I am a hands-on owner of an organization, and I am on-property every day. We have hired-- as I said, at the Peak we had 550 building employees on our job. The marching orders that I provided to my group is that we are to work with neighborhood firms in almost every circumstances to do every one of the construction.


They are made up of 10, 15, 20, 30 staff members. They are benefiting straight from the financial investment. I understand the employees, I special info recognize their family members, and we have actually been able to employ-- through these last 3 years of terrible financial turmoil, we have been able to use virtually every building and construction worker in our county and the surrounding areas.

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residents. They stay in the area. Their family members exist. They are purchased the areas, and they are all U.S. employees. Legislator Grassley. You do not have to make use of e-verify, but I would love to know whether you do. Mr. Stenger. We do. Legislator Grassley. You do.


Mr. North, along the same lines of the inquiry I asked him, has your study revealed instances various other-- and I just gave one example, so I want to confess that and be responsible about it-- of centers hiring undocumented individuals? Mr. EB5 Regional Center Program. North.




This is a bad application." There is an amount of bad applications out there, yet just as soon as that procedure obtains before a management legislation court do we see a lot in the way of information. Now, there was one situation that you discussed, and let me simply elaborate on that particular a little.

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Mr - EB5 Regional Center Program. North. The dairy farm had actually asserted 17 employees, and they obtained right into it, and the court located that 16 of them best site were illegals.


Okay. I am going to ask different questions of each of the 3 of you, however it deals with this problem. As I claimed in my opening statement, I am concerned regarding the possible technicality that next page permits financiers to withdraw their investment in local facilities after getting their environment-friendly card.


Divine, are you familiar with any kind of instances in which a capitalist withdrew the investment and strolled away right away after receiving an environment-friendly card? And if you are, or if you believe it is an issue, do you think that it is a technicality that should be closed? Mr. Divine. I would certainly claim that a lot of the capitalists, if you asked what are their goals, they would certainly state, "I want to obtain a permit, and I wish to maintain it.


Mr. Divine. Allow me ask Mr. Stenger, is it common for a capitalist in your experience to withdraw his or her investment promptly after receiving a copyright? Mr.


Senator, legislator.