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And I have been proud to meet them and pleased to welcome them. Chairman Leahy. Additionally, as my last question, in a few of the statement today there has been a suggestion that, certainly, simply with all the thousands of billions, trillions of bucks ready to spend, you need to just go elsewhere.


Stenger. I would certainly inform you that in this environment the ability to increase resources for the points we are doing would have-- it is impossible to do so in a manner that would allow us as effectively and as quickly develop the important things we have actually done. You can obtain cash if you have actually obtained half down.


I can have borrowed fifty percent of that if I had the $12 million in cash to put up. Every person knows that, yes, financial institutions have cash to lending as long as you have got fifty percent of it in your pocket before you request the various other fifty percent. That is not how business works nowadays.

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You are speaking from a real-world experience, not from a think storage tank experience. I will leave that just as an unjustified remark from the Chairman. Senator Grassley. Senator Grassley. Thank you. I wish to be responsible in this problem of undocumented workers. I wish to confess that we only have unscientific info, yet I wish to ask you to what degree you need to go or do go to see to it that the centers ensure that the investments do not create work for people below unlawfully.


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


They are composed of 10, 15, 20, 30 staff members. They are from our neighborhood regions. They are Vermonters. They are profiting straight from the investment. So we are a hands-on center. I know the employees, I recognize their households, and we have actually had the ability to employ-- with these last 3 years of dreadful economic turmoil, we have had the ability to use nearly every building and construction worker in our county and the surrounding regions.

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


Mr. North, along the very same lines of the question I asked him, has your study revealed instances various other-- and I more info just gave one instance, so I want to confess that and be responsible about it-- of centers working with undocumented people? Mr. EB5 Regional Center Program. North.




This is a poor application." There is an amount of poor applications out there, but just when that procedure obtains before an administrative regulation court do we see a lot in the way of information. Now, there was one situation that you pointed out, and let me simply elaborate on that a bit.

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Do not take too long since I desire to ask one more couple inquiries. Go in advance and promptly surface. Mr. North. The milk ranch had actually asserted 17 workers, and they entered it, and the court located that 16 of them were illegals. Now, that is the one instance I have, and it is a good instance.


Okay. I am mosting likely to ask separate questions of each of the 3 of you, but it handles this problem. As I stated in my opening statement, I am concerned regarding the possible loophole that permits investors to withdraw their financial investment in regional facilities after receiving their copyright.


Divine, are you knowledgeable about any instances in which an investor withdrew the investment and walked away instantly after receiving a permit? And if you are, or if you believe it is a problem, do you assume that it is a loophole that should be shut? Mr. Divine. I would say that the majority of the capitalists, if you asked what are their goals, they would certainly claim, "I intend to obtain a permit, and I wish to maintain it.


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


Senator, no.