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And I have actually been honored to fulfill them and happy to welcome them. Chairman Leahy. As my last question, in some of the testament this morning there has been an idea that, of program, simply with all the hundreds of billions, trillions of dollars prepared to invest, you should simply go somewhere else.

Stenger. I would tell you that in this climate the capability to elevate resources for things we are doing would have-- it is difficult to do so in a fashion that would permit us as efficiently and as quickly develop the important things we have done. You can borrow cash if you have got half down.


I could have obtained half of that if I had the $12 million in money to set up. Everyone recognizes that, yes, financial institutions have cash to finance as long as you have got half of it in your pocket before you request for the various other half. That is not just how company works these days.

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Senator Grassley. Senator Grassley. I desire to admit that we only have unscientific information, however I would like to ask you to what degree you have to go or do go to make sure that the facilities make certain that the financial investments do not produce jobs for people here illegally.


Mr. Stenger. We have hired-- as I said, at the Peak we EB5 Regional Center Program had 550 construction employees on our job.


They are composed of 10, 15, 20, 30 workers. They are from our neighborhood regions. They are Vermonters. They are benefiting straight from the financial investment. So we are a hands-on center. I understand the employees, I know their families, and we have actually been able to utilize-- via these last 3 years of terrible financial chaos, we have had the ability to use nearly every building and construction employee in our area and the surrounding areas.

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


Mr. North, along the same lines of the inquiry I asked him, has your study revealed instances other-- and I only offered one instance, so I desire to confess that and be liable about it-- of centers employing undocumented people? Mr. EB5 Regional Center Program. North.




This is a bad application." There is an amount of poor applications out there, however just once that procedure gets before a management regulation court do we see much in the method of detail. Now, there was one case that you pointed out, and let me just clarify on that a little bit.

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Mr - EB5 Regional Center Program. North. The dairy products ranch had actually asserted 17 workers, and they got right into it, and the court discovered that 16 of them were illegals.


Okay. I am going to ask different questions of each of the 3 of you, however it manages this set concern. As I stated in my opening statement, I am worried concerning the potential loophole that allows capitalists to withdraw their financial investment in local facilities after getting their environment-friendly card.


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

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


Senator, legislator.