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And I have actually been proud to fulfill them and proud to welcome them. Chairman Leahy. Additionally, as my last concern, in several of the testimony today there has actually been a tip that, of program, simply with all the hundreds of billions, trillions of bucks all set to invest, you should simply go elsewhere.


EB5 Regional Center ProgramEB5 Regional Center Program
Stenger. I would tell you that in this environment the capability to increase resources for the important things we are doing would have-- it is impossible to do so in a manner that would certainly permit us as successfully and as promptly create things we have actually done. You can obtain money if you have actually got half down.


I might have obtained half of that if I had the $12 million in money to place up. Every person knows that, yes, banks have cash to lending as long as you have actually got half of it in your pocket before you request for the other half. That is not just how company functions nowadays.


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You are speaking from a real-world experience, not from a brain trust experience. I will certainly leave that simply as an unjustified remark from the Chairman. Senator Grassley. Senator Grassley. Thanks. I intend to be liable in this problem of undocumented employees. I want to admit that we just have anecdotal info, however I would love to ask you to what extent you need to go or do go to make sure that the facilities make certain that the investments do not produce work for individuals right here illegally.


Mr. Stenger. We have actually hired-- as I said, at the Height we had 550 building employees on our task.


They are made up of 10, 15, 20, 30 workers. They are profiting directly from the financial investment. I recognize the workers, I recognize their family members, and we have been able to employ-- with these last 3 years of dreadful economic chaos, we have actually been able to use practically every building and construction employee in our county and the surrounding regions.


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They are spent in the neighborhoods, and they are all United state workers. Legislator Grassley. Mr. Stenger.


Thanks. Mr. North, along the very same lines of the concern I asked him, has your research shown instances other-- and I just provided one instance, so I wish to admit that and be accountable regarding it-- of centers hiring undocumented people? Mr. North. That kind of data is very difficult to acquire from USCIS, and I have to state that what check here we do learn about a lot of the internal points about that firm regarding this program is worried connects to instances in which the team has said no to an application of some kind and afterwards the regional center or the private business owner has mosted likely to the Administrative Appeals Office-- which belongs to the agency-- and there we obtain records, we get a hearing officer informing us what is going on because particular case.




This is a negative application." So there is an amount of bad applications out there, but just once that process gets before an administrative law court do we see a lot in the way of detail. Now, there was one instance that you mentioned, and let me just elaborate on that a little bit.


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EB5 Regional Center ProgramEB5 Regional Center Program


Do not take too long since I want to ask one more couple concerns. However go ahead and swiftly coating. Mr. North. The dairy products ranch had actually declared 17 employees, and they entered into it, and the judge discovered that 16 of them were illegals. Now, that is the one instance I have, and it is an example.


Okay. I am going to ask different concerns of each of the three of you, but it takes care of this one concern. As I claimed in my opening statement, I am concerned regarding the potential technicality that permits financiers to withdraw their investment in regional centers after obtaining their permit.


Mr. Divine. I would state that most of the investors, if you asked them what are their objectives, they would certainly state, "I want to obtain an environment-friendly card, and I want to keep it.


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Mr. Divine. Allow me ask Mr. Stenger, is it common for a capitalist in your experience to withdraw his or her financial investment immediately after obtaining an eco-friendly card? Mr.


Senator, no.

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