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And I have been proud to satisfy them and proud to welcome them. Chairman Leahy. Likewise, as my last question, in a few of the testament today there has been a suggestion that, certainly, just with all the hundreds of billions, trillions of dollars ready to spend, you ought to just go someplace else.

Stenger. I would certainly inform you that in this environment the capability to raise resources for the important things we are doing would certainly have-- it is difficult to do so in a manner that would certainly enable us as properly and as swiftly produce 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 loan as long as you have actually got half of it in your pocket prior to you request the various other half. That is not how business functions these days.

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Legislator Grassley. Legislator Grassley. I desire to admit that we only have anecdotal information, but I would certainly such as to ask you to what level you have to go or do go to make certain that the facilities make sure that the investments do not produce tasks for individuals here unlawfully.

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

They are made up of 10, 15, 20, 30 workers. They are benefiting straight from the financial investment. I understand the workers, I recognize their families, and we have been able to employ-- via these last 3 years of terrible financial turmoil, we have been able to employ virtually every construction employee in our region and the surrounding areas.

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residents. They reside in the location. Their households exist. They are bought the areas, and they are all U.S. workers. Legislator Grassley. You do not have to utilize e-verify, yet I would love to understand whether you do. Mr. Stenger. We do. Senator Grassley. You do.

Mr. North, along the exact same lines of the inquiry I read review asked him, has your study revealed examples other-- and I only gave one instance, so I want to admit that and be accountable regarding it-- of centers hiring undocumented individuals? Mr. read 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 a management regulation court do we see much in the way of information. Currently, there was one instance that you mentioned, and let me simply clarify on that particular a bit.

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

Okay. I am going to ask separate questions of each of the three of you, yet it manages this one concern. As I claimed in my opening declaration, I am worried concerning the possible technicality that allows investors to withdraw their investment in local facilities after getting their eco-friendly card.

Mr. Divine. I would certainly say that many of the investors, if you asked them what are their objectives, they would claim, "I want to obtain an eco-friendly card, and I desire to keep it.

Mr. Divine. Let me ask Mr. Stenger, is it usual for an investor in your experience to withdraw his or her financial investment right away after receiving an environment-friendly card? Mr.

Senator, no.

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