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And I have actually been happy to meet them and proud to invite them. Chairman Leahy. As my last concern, in some of the testament this morning there has actually been an idea that, of training course, just with all the hundreds of billions, trillions of dollars prepared to invest, you must simply go somewhere else.

Stenger. I would inform you that in this environment the capacity to increase funding for things we are doing would have-- it is impossible to do so in a manner that would allow us as efficiently and as promptly develop things we have done. You can obtain money if you have actually obtained half down.


I might have obtained half of that if I had the $12 million in cash to set up. Every person understands that, yes, financial institutions have money to loan as long as you have obtained half of it in your pocket before you ask for the other half. That is not how service works nowadays.

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You are talking from a real-world experience, not from a think tank experience. I will leave that simply as a gratuitous remark from the Chairman. Senator Grassley. Legislator Grassley. Thank you. I wish to be liable in this concern of undocumented workers. I intend to admit that we only have unscientific details, but I wish to ask you to what extent you need to go or do most likely to see to it that the facilities ensure that the investments do not produce tasks for individuals below illegally.


Mr. Stenger. Legislator, I am a hands-on proprietor of a company, and I am on-property every single day. We have employed-- as I said, at the Height we had 550 building and construction employees on our task. The marching orders that I offered to my team is that we are to work with regional firms in practically every circumstances to do all of the building.


They are made up of 10, 15, 20, 30 workers. They are benefiting straight from the investment. I recognize the workers, I know their families, and we have actually been able to use-- with these last 3 years of awful financial turmoil, we have actually been able to use virtually every construction employee in our region and the bordering counties.

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They are invested in the areas, and they are all U.S. workers. 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 just provided one example, so I want to admit that and be accountable regarding it-- of centers hiring undocumented individuals? Mr. EB5 Regional Center Program. North.




This is a bad application." So there is a quantity of bad applications around, yet only once that procedure obtains before an administrative regulation court do we see much in the way of information. Now, there was one situation that you pointed out, and let me just specify on that particular a little.

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


Okay. I am mosting likely to ask different inquiries of each of the 3 of you, however it handles this problem. As I claimed in my opening declaration, I am concerned regarding the prospective loophole that permits capitalists to withdraw their financial investment in regional facilities after obtaining their eco-friendly card.


Mr. Divine. I would certainly say that many of the capitalists, if you asked them what are their website objectives, they would certainly say, "I desire 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 financial investment instantly after receiving a copyright? Mr.


Senator, legislator.