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And I have actually been happy to fulfill them and pleased to invite them. Chairman Leahy. Likewise, as my last question, in several of the testament this early morning there has actually been a recommendation that, obviously, just with all the thousands of billions, trillions of dollars ready to invest, you should just go elsewhere.

Stenger. I would inform you that in this climate the ability to elevate resources for the important things we are doing would certainly have-- it is impossible to do so in a fashion that would allow us as properly and as rapidly produce things we have actually done. You can obtain cash if you have actually obtained half down.

I might have borrowed fifty percent of that if I had the $12 million in money to set up. Everyone recognizes that, yes, banks have cash to loan as long as you have obtained half of it in your pocket prior to you request the other half. That is not how business functions these days.

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You are talking from a real-world experience, not from a brain trust experience. I will leave that merely as a gratuitous remark from the Chairman. Legislator Grassley. Legislator Grassley. Thank you. I want to be liable in this problem of undocumented employees. I wish to admit that we only have anecdotal info, yet I would like to ask you to what level you need to go or do most likely to see to it that the centers ensure that the investments do not produce work for individuals here illegally.

Mr. Stenger. We have hired-- as I said, at the Peak we had 550 construction workers on our project.

They are made up of 10, 15, 20, 30 employees. They are from our local counties. They are Vermonters. They are benefiting directly from the investment. So we are a hands-on facility. I know the workers, I understand their households, and we have actually been able to employ-- with these last 3 years of dreadful economic turmoil, we have been able to employ almost every construction employee in our area and the bordering regions.

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citizens. They live in the location. Their families exist. They are invested in the areas, and they are all united state workers. Senator Grassley. You do not have to utilize e-verify, yet I wish to understand whether or not you do. Mr. Stenger. We do. Legislator Grassley. You do.

Thank you. Mr. North, along the exact same lines of the concern I asked him, has your research study shown examples other-- and I only offered one example, so I intend to confess that and be responsible regarding it-- of centers working with undocumented people? Mr. North. That type of data is extremely difficult to get from USCIS, and I have to state that what we do find out about most of the interior features of that firm as far as this program is worried associates to instances in which the team has stated no to an application of some kind and after that the local facility or the individual business owner has actually mosted likely to the Administrative Appeals Office-- which belongs to the firm-- and there we obtain files, we obtain a hearing policeman telling us what is taking place because particular case.



This is a negative application." So there is a quantity of bad applications out there, but just as soon as that process gets before a management regulation judge do we see a lot in the means of information. Now, there was one case that you stated, and let me just clarify on that a little bit.

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Mr - EB5 Regional get more info Center Program. North. The dairy farm had actually declared 17 workers, and they got right into it, and the court discovered that 16 of them were illegals.

Okay. I am going to ask separate concerns of each of the three of you, yet it takes care of this problem. As I stated in my opening declaration, I am worried about the prospective loophole that allows investors to withdraw their investment in regional facilities after receiving their permit.

Divine, are you mindful of any type of circumstances in which an investor withdrew the investment and strolled away right away after getting a permit? And if you are, or if you assume it is a trouble, do you think that it is a loophole that should be closed? Mr. Divine. I would say that a lot of the financiers, if you inquired what are their objectives, they would claim, "I intend to obtain a permit, and I desire to maintain it.

Mr. Divine. Let me ask Mr. Stenger, is it typical for an investor in your experience to withdraw his or her financial investment immediately after obtaining a copyright? Mr.

Senator, no.

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