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And I have actually been pleased to satisfy them and proud to invite them. Chairman Leahy. As my last concern, in some of the testament this morning there has actually been a pointer that, of program, just with all the hundreds of billions, trillions of bucks prepared to spend, you need to simply go somewhere else.


Stenger. I would certainly tell you that in this climate the ability to elevate capital for things we are doing would certainly have-- it is difficult to do so in a way that would permit us as efficiently and as swiftly create the points we have actually done. You can borrow cash if you have obtained 50 percent down.


I can have obtained half of that if I had the $12 million in money to install. Everyone understands that, yes, banks have money to lending as long as you have actually obtained fifty percent of it in your pocket prior to you ask for the other fifty percent. That is not just how business functions these days.

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Senator Grassley. Senator Grassley. I desire to admit that we just have unscientific information, yet I would certainly like to ask you to what level you have to go or do go to make sure that the facilities make sure that the investments do not create jobs for people right here illegally.


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


They are made up of 10, 15, 20, 30 employees. They are profiting straight from the financial investment. I know the employees, I recognize their households, and we have actually been able to utilize-- with these last 3 years of horrible financial chaos, we have been able to utilize virtually 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 U.S. employees. Legislator Grassley. Mr. Stenger.


Thanks. Mr. North, along the very same lines of the inquiry I asked him, has your study revealed instances various other-- and I only offered one example, so I want to admit that and be accountable concerning it-- of facilities employing undocumented individuals? Mr. North. That type of data is extremely hard to obtain from USCIS, and I should say that what we do understand about much of the interior features of that agency as for this program is worried associates with instances in which the staff has actually stated no to an application of some kind and then the regional facility or the individual entrepreneur has actually gone to the Administrative click here Appeals Office-- which belongs to the firm-- and there we get papers, we obtain a hearing officer telling us what is going on in that certain instance.




This is a negative application." So there is an amount of bad applications around, yet only as soon as that process obtains prior to an administrative regulation court do we see much in the way of detail. Now, there was one case that you discussed, and let me simply clarify on that particular a little bit.

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Do not take too long because I desire to ask another couple questions. Go ahead and swiftly surface. Mr. North. The dairy products farm had actually declared 17 employees, and they got right into it, and the judge discovered that 16 of them were illegals. Currently, that is the one instance I have, and it is an example.


Okay. I am mosting likely to ask separate questions of each of the three of you, but it deals with this one concern. As I said in my opening statement, I am concerned regarding the prospective technicality that allows financiers to withdraw their investment in regional centers after getting their permit.


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


If I place my cash in a resort advancement-- Legislator Grassley. Can I assume then that you are claiming that there does not need to be any kind of changes made because regard? Mr. Divine. I do not assume so. Senator Grassley. Okay. Allow me ask Mr. Stenger, is it typical for a financier in your experience to withdraw his or her financial investment promptly after obtaining an eco-friendly card? Mr.

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Senator, no. Our programs need that the investor be invested for a minimum of 5 years and be repaid just if business is in a setting to do so at the end of that time. We have the benefit of the funding to create the company, obtain it running, make it effective, guarantee that the jobs will be created and preserved, and after that just if the company is effective will there be a leave approach for the financier.