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And I have been happy to fulfill them and proud to welcome them. Chairman Leahy. As my last inquiry, in some of the testimony this early morning there has actually been an idea that, of program, simply with all the hundreds of billions, trillions of dollars all set to spend, you need to just go someplace else.

Stenger. I would certainly tell you that in this environment the capacity to raise capital for the important things we are doing would certainly have-- it is impossible to do so in a manner that would certainly allow us as efficiently and as swiftly produce the important things we have done. You can borrow cash if you have actually obtained 50 percent down.

I could have borrowed half of that if I had the $12 million in money to set up. Everyone recognizes that, yes, financial institutions have money to lending as long as you have obtained half of it in your pocket before you request for the other half. That is not exactly how organization functions nowadays.

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Senator Grassley. Legislator Grassley. I want to confess that we just have unscientific details, however I would certainly such as to ask you to what level you have to go or do go to make certain that the facilities make certain that the investments do not develop jobs for individuals right here illegally.

Mr. Stenger. Legislator, I am a hands-on proprietor of a company, and I am on-property every day. We have actually employed-- as I said, at the Optimal we had 550 building workers on our task. The marching orders that I gave to my group is that we are to work with regional companies in practically every instance to do all of the construction.

They are comprised of 10, 15, 20, 30 workers. They are from our neighborhood areas. They are Vermonters. They are profiting straight from the financial investment. Discover More So we are a hands-on facility. I know the workers, I know their families, check that and we have been able to employ-- through these last 3 years of terrible economic turmoil, we have actually been able to use almost every building and construction worker in our county and the bordering counties.

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homeowners. They reside in the location. Their households exist. They are spent in the communities, and they are all united state workers. Legislator Grassley. You do not need to use e-verify, however I wish to know whether you do. Mr. Stenger. We do. Legislator Grassley. You do.

Mr. North, along the exact same lines of the concern I asked him, has your research shown examples other-- and I just gave one example, so I want to admit that and be accountable concerning it-- of centers employing undocumented people? Mr. EB5 Regional Center Program. North.



This is a poor application." There is a quantity why not try this out of bad applications out there, but just once that procedure obtains prior to an administrative legislation court do we see a lot in the method of detail. Now, there was one case that you discussed, and allow me simply elaborate on that particular a little.

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

Okay. I am going to ask separate questions of each of the three of you, but it takes care of this set concern. As I claimed in my opening declaration, I am worried concerning the prospective loophole that enables investors to withdraw their financial investment in local facilities after getting their permit.

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

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

Senator, legislator.

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