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And I have actually been proud to satisfy them and honored to welcome them. Chairman Leahy. As my last inquiry, in some of the testimony this early morning there has actually been a pointer that, of program, just with all the hundreds of billions, trillions of dollars prepared to invest, you should just go someplace else.

Stenger. I would tell you that in this climate the capability to raise capital for things we are doing would certainly have-- it is difficult to do so in a fashion that would enable us as properly and as swiftly produce things we have actually done. You can obtain cash if you have actually got half down.

I could have borrowed fifty percent of that if I had the $12 million in cash money to install. Everybody understands that, yes, banks have money to finance as long as you have actually obtained fifty percent of it in your pocket before you request the other half. That is not exactly how organization functions these days.

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You are speaking from a real-world experience, not from a think storage tank experience. I will certainly leave that just as an unjustified comment from the Chairman. Senator Grassley. Legislator Grassley. Thank you. I wish to be responsible in this concern of undocumented workers. I intend to confess that we only have unscientific info, but I wish to ask you to what level you have to go or do go to make certain that the facilities make certain that the financial investments do not develop jobs for people below illegally.

Mr. Stenger. We have worked with-- as I stated, at the Height we had 550 building workers on our job.

They are made up of 10, 15, 20, 30 workers. They are from our local areas. They are Vermonters. They are profiting straight from the financial investment. So we are a hands-on facility. I know the employees, I recognize their family members, and we have actually been able to use-- via these last 3 years of terrible economic chaos, we have been able to use practically every building worker in our county and the surrounding areas.

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

Mr. North, along the same lines of the concern I asked him, has your research shown instances other-- and I just offered one instance, so I want to admit that and be accountable regarding it-- of facilities working with undocumented people? Mr. EB5 Regional Center Program. North.



This is a poor application." There is an amount of bad applications out there, but only as soon as that procedure obtains prior to a management regulation judge do we see a lot in the means of information. Now, there was one instance that you pointed out, and let me just specify on that particular a little.

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

Okay. I am read more mosting likely to ask different inquiries of each of the three of you, yet it deals with this concern. As I said in my opening declaration, I am worried concerning the possible loophole that permits capitalists to withdraw their financial investment in regional centers after receiving their copyright.

Divine, are you familiar with any kind of instances in which a capitalist withdrew the investment and left quickly after receiving a permit? And if you are, or if you assume it is a trouble, do you assume that it is a loophole that should be closed? Mr. Divine. I would certainly state that a lot of the financiers, if you inquired what are their goals, they would state, "I intend to obtain a copyright, and I desire to maintain it.

Mr. Divine. Allow me ask Mr. Stenger, is it typical for a capitalist in your experience to withdraw his or her investment promptly after obtaining an environment-friendly card? Mr.

Senator, legislator.

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