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And I have been honored to meet them and proud to invite them. Chairman Leahy. Also, as my last concern, in several of the statement today there has been a pointer that, certainly, simply with all the hundreds of billions, trillions of dollars all set to spend, you should simply go someplace else.


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Stenger. I would certainly tell you that in this climate the capacity to elevate resources for the points we are doing would have-- it is impossible to do so in a manner that would certainly permit us as successfully and as swiftly produce the important things we have actually done. You can borrow cash if you have actually obtained half down.


I could have borrowed fifty percent of that if I had the $12 million in cash to install. Every person recognizes that, yes, banks have money to finance as long as you have got fifty percent of it in your pocket before you ask for the other half. That is not exactly how service functions nowadays.


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You are talking from a real-world experience, not from a brain trust experience. I will leave that just as an unjustified comment from the Chairman. Senator Grassley. Legislator Grassley. Thank you. I wish to be accountable in this issue of undocumented workers. I desire to confess that we only have unscientific information, however I want to ask you to what level you have to go or do most likely to see to it that the centers see to it that the investments do not produce tasks for individuals right here unlawfully.


Mr. Stenger. We have hired-- as I said, at the Optimal 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 employees, I know their family members, and we have actually been able to utilize-- through these last 3 years of awful financial chaos, we have actually been able to utilize practically every building worker in our area and the bordering regions.


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locals. They stay in the area. Their families exist. They are invested in the areas, and they are all united state employees. Senator Grassley. You do not need to use e-verify, but I wish to know whether or not you do. Mr. Stenger. We do. Senator Grassley. You do.


Thank you. Mr. North, along the exact same lines of the concern I asked him, has your study revealed examples other-- and I just provided one example, so I intend to confess that and be responsible regarding it-- of centers employing undocumented people? Mr. North. That type of information is very difficult to get from USCIS, and I must say that what we do find out about a number of the interior aspects of that company as for this program is concerned associates with cases in which the personnel has stated no to an application of some kind and after that the regional center or the individual business owner has mosted likely to the Administrative Appeals Workplace-- which belongs to the firm-- and there we obtain records, we get a hearing policeman informing us what is taking place in that certain situation.




This is a bad application." So there is a quantity of poor applications around, but only once that procedure obtains before an administrative law judge do we see much in the means of detail. Currently, there was one instance that you pointed out, and find out here let me just specify on that particular a bit.


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EB5 Regional Center ProgramEB5 Regional Center Program


Do not take too long since I intend to ask another couple inquiries. Go in advance and quickly surface. Mr. North. The milk ranch had actually asserted 17 workers, and they got involved in it, and the judge located that 16 of them were illegals. Now, that is the one example I have, and it is an excellent example.


Okay. I am going to ask different concerns of each of the 3 of you, yet it handles this issue. As I claimed in my opening declaration, I am concerned concerning the possible technicality that enables financiers to withdraw their financial investment in regional centers after receiving their permit.


Divine, are you mindful of any kind of instances in which a financier withdrew the investment and strolled away quickly after getting a permit? And if you are, or if you assume it is a index trouble, do you assume that it is a technicality that should be closed? Mr. Divine. I would say that most of the investors, if you asked what are their objectives, they would state, "I intend to obtain an environment-friendly card, and I wish next page to maintain it.


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


Senator, legislator.

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