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And I have actually been proud to satisfy them and proud to welcome them. Chairman Leahy. Likewise, as my last question, in several of the testimony this morning there has actually been a tip that, certainly, just with all the hundreds of billions, trillions of bucks ready to invest, you need to just go elsewhere.

Stenger. I would tell you that in this environment the capability to increase funding for the points we are doing would certainly have-- it is impossible to do so in a manner that would certainly enable us as properly and as promptly develop the points we have done. You can borrow cash if you have got 50 percent down.


I could have borrowed fifty percent of that if I had the $12 million in cash to set up. Everybody understands that, yes, banks have money to funding as long as you have obtained half of it in your pocket before you request for the other fifty percent. That is not exactly how company functions these days.

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Senator Grassley. Legislator Grassley. I want to confess that we just have unscientific information, however I would such as to ask you to what extent you have to go or do go to make certain that the facilities make certain that the investments do not produce jobs for people here illegally.


Mr. Stenger. We have worked with-- as I stated, at the Top we had 550 construction workers on our job.


They are made up of 10, 15, 20, 30 staff members. They are profiting straight from the investment. I understand the workers, I recognize their family members, and we have actually been able to utilize-- with these last 3 years of awful economic chaos, we have actually been able to employ nearly every building and construction employee in our region and the surrounding counties.

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They are spent in the communities, and they are all United state employees. Senator Grassley. Mr. Stenger.


Mr. North, along the exact same lines of the concern I asked him, has your study revealed examples various other-- and I only offered one instance, so I want to confess that and be responsible regarding it-- of facilities employing undocumented people? Mr. EB5 Regional Center Program. North.




This is a negative application." So there is a quantity of negative applications around, yet only as soon as that procedure gets prior to a management regulation court do we see much in the way of information. Currently, there was one instance that you discussed, and allow me just clarify on that a little bit.

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Do not take also long since I desire to ask an additional pair questions. Go ahead and rapidly coating. Mr. North. The milk ranch had actually claimed 17 workers, and they entered it, and the court located that 16 of them were illegals. Currently, that is the one example I have, and it is an example.


Okay. I am going to ask different concerns of each of the 3 of you, however it manages this set problem. As I said in my opening here declaration, I am concerned regarding the potential loophole that allows capitalists to withdraw their financial investment in regional centers after obtaining their permit.


Mr. Divine. I would claim that most of the financiers, if you asked them what are their goals, they would say, "I desire to get an environment-friendly card, and I desire to maintain it.

If I place my money in a resort development-- Legislator Grassley. Can I presume then that you are saying that there does not need to be any kind of changes made because respect? Mr. Divine. I do not think so. Legislator Grassley. Okay. Allow me ask Mr. Stenger, is it typical for a capitalist in your experience to withdraw his or her investment quickly after getting a permit? Mr.

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Legislator, no. Our programs need that the financier be invested for a minimum of 5 years and be paid back only if the service remains in a placement to do so at the end of that time. We have the advantage of the funding to create the company, get it running, make it effective, ensure that the jobs will be developed and maintained, and after that only if the organization is successful will there be a departure method for the investor.