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And I have been pleased to fulfill them and happy to invite them. Chairman Leahy. As my last question, in some of the testimony this early morning there has been a pointer that, of course, simply with all the hundreds of billions, trillions of bucks prepared to invest, you ought to just go someplace else.


Stenger. I would certainly inform you that in this climate the capability to raise 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 efficiently and as rapidly produce the points we have actually done. You can borrow cash if you have got 50 percent down.


I can have obtained fifty percent of that if I had the $12 million in cash money to place up. Every person understands that, yes, banks have money to financing as long as you have obtained half of it in your pocket prior to you request the other fifty percent. That is not exactly how business functions nowadays.

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Senator Grassley. Senator Grassley. I want to confess that we just have unscientific details, but I would like to ask you to what degree you have to go or do go to make certain that the facilities make sure that the investments do not create jobs for people right here unlawfully.


Mr. Stenger. We have actually worked with-- as I said, at the Top we had 550 building employees on our project.


They are made up of 10, 15, 20, 30 employees. They are from our neighborhood areas. They are Vermonters. They are benefiting directly from the investment. So we are a hands-on facility. I recognize the workers, I recognize their families, and we have had the ability to employ-- through these last 3 years of dreadful financial turmoil, we have actually had the ability to use virtually every construction employee in our area and the bordering regions.

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citizens. They live in the area. Their families exist. They are invested in the areas, and they are all U.S. employees. Senator Grassley. You do not need to make use of e-verify, yet I would such as to understand whether you do. investigate this site 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 instances other-- and I just provided one example, so I desire to admit that and be responsible about it-- of facilities employing undocumented individuals? Mr. EB5 Regional Center Program. North.




This is a poor application." So there is an amount of bad applications out there, but just when that process obtains prior to a management law court do we see much in the way of information. Currently, there was one case that you stated, and let me try this website just elaborate on that particular a little.

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Do not take as well long due to the fact that I want to ask another pair inquiries. Go in advance and quickly surface. Mr. North. The milk ranch had claimed 17 workers, and they entered into it, and the court found that 16 of them were illegals. Currently, that is the one example I have, and it is a fine example.


Okay. I am going to ask different concerns of each of the 3 of you, however it takes care of this concern. As I stated in my opening declaration, I am worried about the prospective technicality that allows capitalists to withdraw their financial investment in regional facilities after receiving their permit.


Divine, are you knowledgeable about any kind of instances in which an investor withdrew the financial investment and left immediately after getting a permit? And if you visit the site are, or if you think it is a problem, do you assume that it is a loophole that should be shut? Mr. Divine. I would certainly say that a lot of the capitalists, if you asked what are their goals, they would certainly state, "I wish to get a permit, and I wish to keep it.


Mr. Divine. Let me ask Mr. Stenger, is it common for a financier in your experience to withdraw his or her financial investment right away after getting a copyright? Mr.


Senator, no.