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And I have been happy to satisfy them and pleased to welcome them. Chairman Leahy. As my last concern, in some of the testament this morning there has been a tip that, of program, simply with all the hundreds of billions, trillions of bucks prepared to invest, you ought to just go somewhere else.


Stenger. I would tell you that in this environment the ability to increase resources for the things we are doing would have-- it is impossible to do so in a manner that would enable us as successfully and as promptly develop things we have done. You can obtain money if you have actually obtained 50 percent down.


I can have obtained half of that if I had the $12 million in money to install. Everybody knows that, yes, financial institutions have money to financing as long as you have obtained fifty percent of it in your pocket prior to you request for the other half. That is not how service functions nowadays.

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You are talking from a real-world experience, not from a think tank experience. I will certainly leave that merely as a gratuitous remark from the Chairman. Legislator Grassley. Senator Grassley. Thanks. I intend to be liable in this concern of undocumented workers. I want to confess that we just have anecdotal information, however I would love to ask you to what degree you need to go or do go to ensure that the facilities see to it that the financial investments do not develop jobs for individuals here illegally.


Mr. Stenger. We have hired-- as I said, at the Peak we had 550 construction workers on our project.


They are look at this website made up of 10, 15, 20, 30 workers. They are benefiting directly from the financial investment. I recognize the workers, I know visit their website their families, and we have actually been able to use-- via these last 3 years of horrible economic chaos, we have actually been able to employ virtually every building and construction employee in our region and the bordering regions.

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


Mr. North, along the exact same lines of the inquiry I asked him, has your study shown examples various other-- and I just offered one instance, so I desire to confess that and be accountable regarding it-- of facilities employing undocumented individuals? Mr. EB5 Regional Center Program. North.




This is a bad application." There is an amount of negative applications out there, but only once that process obtains prior to a management legislation judge do we see much in the means of information. Currently, there was one instance that you mentioned, and let me simply specify on that particular a bit.

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Do not take also long because I wish to ask another couple concerns. Go ahead and swiftly finish. Mr. North. The dairy products ranch had declared 17 employees, and they got involved in it, and the judge found that 16 of them were illegals. Now, that is the one example I have, and it is an excellent instance.


Okay. I am mosting likely to ask different inquiries of each of the 3 of you, however it handles this one problem. As I stated in my opening statement, I am concerned about the prospective technicality that enables capitalists to withdraw their financial investment in local centers after receiving their eco-friendly card.


Mr. Divine. I would say that many of check my site the financiers, if you asked them what are their goals, they would certainly claim, "I desire to obtain an environment-friendly card, and I want to keep it.


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


Senator, legislator.