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And I have actually been pleased to fulfill them and happy to invite them. Chairman Leahy. As my last concern, in some of the testimony this morning there has been a suggestion that, of training course, simply with all the hundreds of billions, trillions of dollars all set to invest, you need to simply go someplace else.


Stenger. I would inform you that in this environment the capability to raise funding for the important things we are doing would certainly have-- it is impossible to do so in a fashion that would certainly allow us as properly and as swiftly create the important things we have actually done. You can obtain money if you have obtained half down.


I might have borrowed fifty percent of that if I had the $12 million in cash to set up. Everyone recognizes that, yes, financial institutions have money to car loan as long as you have actually obtained fifty percent of it in your pocket prior to you request the other half. That is not just how organization works nowadays.

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Senator Grassley. Legislator Grassley. I desire to admit that we only have anecdotal details, yet I would 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 create tasks for people right here unlawfully.


Mr. Stenger. We have actually hired-- as I claimed, at the Height we had 550 building and construction workers on our project.


They are made up of 10, 15, 20, 30 employees. They are benefiting directly from the investment. I know the workers, I know their family members, and we have actually been able to use-- with these last 3 years of awful economic chaos, we have actually been able to utilize nearly every building worker in our county and the surrounding regions.

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


Mr. North, along the exact same lines of the concern I asked him, has your study revealed instances various other-- and I only gave one example, so I want to admit that and be responsible about it-- of centers hiring undocumented people? Mr. EB5 more info Regional Center Program. North.




This is a negative application." There is an amount of bad applications out there, but just when that process obtains prior to an administrative legislation judge do we see a lot in the method of detail. Now, there was one case that you mentioned, and allow me just elaborate on that particular a little.

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


Okay. I am going to ask separate inquiries of each of the three of you, however it takes care of this problem. As I stated in my opening declaration, I am worried concerning the possible technicality that enables investors to withdraw their investment in local facilities after getting their eco-friendly card.


Mr. Divine. I would certainly state that most of the investors, if you asked them what are their objectives, they would say, "I desire to obtain an eco-friendly card, and I want to keep 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, no.