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And I have been pleased to fulfill them and pleased to welcome them. Chairman Leahy. Likewise, as my last inquiry, in some of the testament today there has been a suggestion that, naturally, just with all the numerous billions, trillions of bucks all set to invest, you ought to simply go someplace else.




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Stenger. I would certainly inform you that in this climate the capacity to elevate resources for the important things we are doing would have-- it is difficult to do so in a fashion that would enable us as successfully and as quickly create the points we have actually done. You can obtain money if you have actually obtained 50 percent down.


I could have obtained fifty percent of that if I had the $12 million in cash to put up. Every person understands that, yes, financial institutions have cash to car loan as long as you have obtained half of it in your pocket before you request the other fifty percent. That is not how organization functions nowadays.




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You are talking from a real-world experience, not from a brain trust experience. I will leave that merely as an unjustified remark from the Chairman. Senator Grassley. Legislator Grassley. Thanks. I desire to be liable in this concern of undocumented workers. I wish to admit that we just have unscientific info, but I wish to ask you to what level you have to go or do go to make certain that the centers see to it that the financial investments do not create tasks for people right here unlawfully.


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


They are comprised of 10, 15, 20, 30 staff members. They are from our local areas. They are Vermonters. They are profiting directly from the investment. So we are a hands-on facility. I know the workers, I understand their families, and we have been able to use-- through these last 3 years of dreadful financial turmoil, we have been able to utilize nearly every building and construction employee in our region and the surrounding areas.




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citizens. They live in the area. Their families exist. They are purchased the neighborhoods, and they are all U.S. workers. Legislator Grassley. You do not need to utilize e-verify, however I would such as 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 shown examples various other-- and I only gave one example, here so I wish to admit that and be accountable about it-- of centers employing undocumented individuals? Mr. North. That type of information is really hard to get from USCIS, and I should state that what we do learn about numerous of the interior features of that company regarding this program is concerned associates with situations in which the personnel has actually stated no to an application of some kind and after that the local center or the individual business owner has actually mosted likely to the Administrative Appeals Office-- which becomes part of the firm-- and there we get papers, we get a hearing officer informing us what is taking place because certain situation.




This is a bad application." So there is an amount of bad applications available, but just once that procedure gets prior to a management regulation judge do we see much in the method of detail. Currently, there was one situation that you pointed out, and allow me just clarify on that a bit.




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EB5 Regional Center ProgramEB5 Regional Center Program

 



Mr - EB5 Regional Center Program. North. The dairy products farm had declared 17 workers, and they got into it, and the court found that 16 of them were illegals.


Okay. I am going to ask separate questions of each of the 3 of you, yet it deals with this one issue. As I claimed in my opening declaration, I am worried concerning the possible technicality that allows investors to withdraw their investment in regional facilities after obtaining their permit.


Mr. Divine. I would certainly state that many of the capitalists, if you asked them what are their goals, they would certainly claim, "I desire to get an eco-friendly card, and I want to maintain it.




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Mr. Divine. Allow me ask Mr. Stenger, is it typical for an investor in your experience to withdraw his or her financial investment instantly after getting an eco-friendly card? Mr.


Senator, no.

 

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