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And I have been honored to fulfill them and pleased to welcome them. Chairman Leahy. Likewise, as my last inquiry, in some of the testament this early morning there has actually been a suggestion that, obviously, simply with all the numerous billions, trillions of dollars prepared to spend, you should simply go someplace else.


Stenger. I would tell you that in this climate the capability to elevate resources for the things we are doing would certainly have-- it is difficult to do so in a way that would allow us as efficiently and as quickly develop the things we have actually done. You can obtain money if you have actually got 50 percent down.


I can have obtained half of that if I had the $12 million in cash to place up. Everybody understands that, yes, financial institutions have money to car loan as long as you have obtained fifty percent of it in your pocket before you ask for the various other half. That is not exactly how company functions these days.

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Senator Grassley. Senator Grassley. I want to admit that we only 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 certain that the investments do not produce tasks for individuals here illegally.


Mr. Stenger. We have worked with-- as I stated, at the Height we had 550 building and construction employees on our task.


They are made up of 10, 15, 20, 30 staff members. They are profiting directly from the investment. I recognize the employees, I understand their families, and we have actually been able to utilize-- through these last 3 years of dreadful economic turmoil, we have been able to utilize practically every construction employee in our region and the surrounding areas.

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


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




This is a negative application." So there is an amount of poor applications out there, but just when that process obtains before an administrative regulation court do we see much in the means of information. Now, there was one instance that you pointed out, and let me simply clarify on that particular a little.

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Do not take too long because I want to ask another couple questions. But go ahead and quickly finish. Mr. North. The dairy products farm had claimed 17 workers, and they entered into it, and the court discovered 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 separate inquiries of each of the 3 of you, however it handles this issue. As I said in my opening statement, I am worried concerning the prospective loophole that allows investors to withdraw their investment in local facilities after obtaining their permit.


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


Mr. Divine. Allow me ask Mr. Stenger, is it common for a capitalist in your experience to withdraw his or her investment promptly after receiving a copyright? Mr.


Senator, no.