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And I have been honored to meet them and pleased to welcome them. Chairman Leahy. As my last inquiry, in some of the statement this early morning there has been a tip that, of training course, simply with all the hundreds of billions, trillions of bucks ready to spend, you need to simply go someplace else.

Stenger. I would certainly inform you that in this environment the capacity to elevate capital for the important things we are doing would have-- it is difficult to do so in a way that would certainly enable us as successfully and as rapidly produce the important things we have done. You can borrow cash if you have got half down.


I might have obtained fifty percent of that if I had the $12 million in money to install. Everyone recognizes that, yes, financial institutions have cash to finance as long as you have obtained half of it in your pocket prior to you request for the various other fifty percent. That is not just how organization functions these days.

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You are talking from a real-world experience, not from a brain trust experience. I will certainly leave that simply as an unjustified comment from the Chairman. Legislator Grassley. Legislator Grassley. Thank you. I intend to be liable in this problem of undocumented workers. I want to confess that we only have anecdotal details, yet I would certainly such as to ask you to what extent you have to go or do go to ensure that the centers make certain that the investments do not create jobs for people below unlawfully.


Mr. Stenger. We have worked with-- as I said, at the Optimal we had 550 building and construction employees on our job.


They are comprised of 10, 15, 20, 30 employees. They are from our regional counties. They are Vermonters. They are benefiting straight from the investment. We are a hands-on facility. I know the workers, I recognize their family members, and we have been able to use-- with these last 3 years of terrible financial chaos, we have actually had the click here ability to utilize nearly every construction employee in our area and the bordering counties.

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citizens. They live in the location. Their households 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, yet I wish to recognize whether or not you do. Mr. Stenger. We do. Legislator Grassley. You do.


Mr. North, along the same lines of the concern I asked him, has your study shown examples other-- and I just provided one example, so I desire to confess that and be accountable about it-- of centers working with undocumented individuals? Mr. EB5 Regional Center Program. North.




This is a bad application." There is an amount of bad applications out there, but only when that process obtains before an administrative legislation judge do we see a lot in the way of detail. Now, there was one case that you pointed out, and allow me simply clarify on that particular a bit.

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Do not take as well long due to the fact that I desire to ask one more couple questions. Go in advance and swiftly surface. Mr. North. The milk ranch had asserted 17 workers, and they entered it, and the court discovered that 16 of them were illegals. Currently, that is the one instance I have, and it is an example.


Okay. I am mosting likely to ask different questions of each of the three of you, however it handles this one issue. As I said in my opening statement, I am worried regarding the potential technicality that enables financiers to withdraw their investment in local centers after obtaining their copyright.


Divine, are you knowledgeable about any circumstances in which an investor withdrew the investment and walked away promptly after obtaining a copyright? And if you are, or if you think it is an issue, do you assume that it is a technicality that should be closed? Mr. Divine. I would certainly claim that the majority of the financiers, if you asked them what are their objectives, they would certainly state, "I intend to obtain a permit, and I wish to keep it.

Mr. Divine. Allow me ask Mr. Stenger, is it typical for a financier in your experience to withdraw his or her investment quickly after obtaining a copyright? Mr.


Senator, no.