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And I have actually been honored to meet them and proud to invite them. Chairman Leahy. Likewise, as my last concern, in a few of the statement today there has actually been a recommendation that, naturally, just with all the numerous billions, trillions of bucks all set to invest, you need to simply go elsewhere.


Stenger. I would inform you that in this climate the capability to increase resources for the important things we are doing would certainly have-- it is difficult to do so in a manner that would allow us as successfully and as swiftly produce the important things we have done. You can borrow money if you have actually got 50 percent down.


I can have borrowed fifty percent of that if I had the $12 million in cash to set up. Every person recognizes that, yes, financial institutions have money to lending as long as you have got fifty percent of it in your pocket before you ask for the other half. That is not just how service 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 simply as a gratuitous remark from the Chairman. Legislator Grassley. Legislator Grassley. Thanks. I intend to be liable in this issue of undocumented workers. I desire to admit that we only have unscientific details, but I would love to ask you to what degree you need to go or do go to ensure that the facilities make certain that the investments do not create work for people below unlawfully.


Mr. Stenger. We have actually worked with-- as I claimed, at the Optimal we had 550 construction workers on our project.


They are composed of 10, 15, 20, 30 staff members. They are from our neighborhood regions. They are Vermonters. They are benefiting directly from the financial investment. So we are a hands-on facility. I understand the employees, I know their households, and we have actually been able to utilize-- via these last 3 years of awful financial read more turmoil, we have been able to use practically every building employee in our area and the bordering regions.

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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 very same lines of the concern I asked him, has your research revealed examples various other-- and I just provided one instance, so I want to admit that and be responsible about it-- of centers hiring undocumented people? Mr. EB5 Regional Center Program. North.




This is a negative application." There is an amount of poor applications out there, but just as soon as that process obtains prior to an administrative law court do we see a lot in the way of detail. Currently, there was one case that you discussed, and let me just specify on that particular a little.

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Mr - EB5 Regional Center Program. North. The milk farm had actually claimed 17 workers, and they got right into it, and the court found that 16 of them were illegals.


Okay. I am going to ask separate inquiries of each of the 3 of you, but it takes care of this problem. As I stated in my opening statement, I am worried about the possible loophole that enables investors to withdraw their investment in regional facilities after obtaining their permit.


Mr. Divine. I would say that most of the capitalists, if you asked them what are their objectives, they would state, "I want to obtain an environment-friendly card, and I desire to keep it.


Mr. Divine. Let me ask Mr. Stenger, is it common for an investor in your experience to withdraw his or her investment quickly after obtaining an environment-friendly card? Mr.


Senator, legislator.