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And I have been proud to meet them and honored to welcome them. Chairman Leahy. Likewise, as my last concern, in a few of the testament this morning there has actually been a pointer that, of training course, simply with all the thousands of billions, trillions of dollars prepared to spend, you should just go someplace else.

Stenger. I would inform you that in this environment the capacity to increase capital for the things we are doing would certainly have-- it is difficult to do so in a way that would certainly permit us as successfully and as swiftly produce the points we have actually done. You can borrow money if you have actually obtained half down.

I might have borrowed fifty percent of that if I had the $12 million in money to install. Everybody understands that, yes, banks have cash to financing as long as you have actually got fifty percent of it in your pocket prior to you request for the other fifty percent. That is not exactly how business functions these days.

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You are talking from a real-world experience, not from a think storage tank experience. I will certainly leave that simply as an unjustified comment from the Chairman. Senator Grassley. Legislator Grassley. Thank you. I intend to be responsible in this problem of undocumented employees. I want to admit that we just have anecdotal info, yet I wish to ask you to what level you need to go or do go to see to it that the facilities make certain that the investments do not develop work for individuals below illegally.

Mr. Stenger. Legislator, I am a hands-on proprietor of a service, and I am on-property every day. We have employed-- as I stated, at the Optimal we had 550 building workers on our job. The marching orders that I provided to my group is that we are to hire local companies in nearly every circumstances to do every one of the building and construction.

They are composed of 10, 15, 20, 30 employees. They are from our local regions. They are Vermonters. They are profiting directly from the investment. We are a hands-on center. I recognize the employees, I understand their family members, and we have actually been able to employ-- through these blog here last 3 years of dreadful financial turmoil, we have had the ability to use practically every building employee in our region and the surrounding counties.

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They are spent in the areas, and they are all U.S. workers. Legislator Grassley. Mr. Stenger.

Mr. North, along the same lines of the concern I asked him, has your research study revealed instances other-- and I just gave one instance, address so I desire to admit that and be accountable regarding it-- of centers employing undocumented people? Mr. EB5 Regional Center Program. North.



This is a bad application." So there is a quantity of negative applications out there, yet just as soon as that procedure obtains before an administrative law court do we see a lot in the method of detail. Now, there was one instance that you mentioned, and allow me simply specify on that a little.

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Do not take as well long due to the fact that I desire to ask another couple questions. But go ahead and rapidly surface. Mr. North. The dairy products ranch had asserted 17 workers, and they entered into it, and the judge found that 16 of them were illegals. Now, that is the one example I have, and it is a fine example.

Okay. I am going to ask different inquiries of each of the 3 of you, yet it deals with this one concern. As I stated in my opening declaration, I am concerned concerning the potential technicality that enables financiers to withdraw their investment in regional facilities after getting their eco-friendly card.

Mr. Divine. I would certainly say that many of the capitalists, if you asked them what are their objectives, they would state, "I want to obtain a copyright, and I desire to keep it.

Mr. Divine. Let me ask Mr. Stenger, is it usual for a financier in your experience to withdraw his or her investment instantly after obtaining an eco-friendly card? Mr.

Senator, no.

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