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And I have actually been proud to satisfy them and proud to welcome them. Chairman Leahy. Additionally, as my last question, in several of the testament this morning there has been a recommendation that, of training course, just with all the numerous billions, trillions of dollars all set to invest, you ought to just go elsewhere.


Stenger. I would certainly inform you that in this environment the capability to raise resources for the important things we are doing would certainly have-- it is impossible to do so in a fashion that would certainly permit us as successfully and as swiftly develop the important things we have done. You can borrow money if you have actually obtained half down.


I could have obtained half of that if I had the $12 million in cash money to place up. Everyone recognizes that, yes, financial institutions have money to finance as long as you have obtained half of it in your pocket before you request the various other half. That is not exactly how business functions nowadays.

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You are speaking from a real-world experience, not from a think tank experience. I will certainly leave that just as an unjustified remark from the Chairman. Senator Grassley. Senator Grassley. Thanks. I wish to be liable in this problem of undocumented workers. I wish to admit that we just have anecdotal information, yet I wish to ask you to what level you have to go or do most likely to see to it that the facilities make certain that the financial investments do not develop jobs for individuals here illegally.


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


They are made up of 10, 15, 20, 30 staff members. They are benefiting straight from the investment. I understand the employees, I recognize their families, and we have been able to employ-- through these last 3 years of horrible economic chaos, we have been able to use virtually every building and construction employee in our region and the surrounding areas.

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


Thanks. Mr. North, along the same lines of the question I asked him, has your research study revealed examples other-- and I only offered one instance, so I intend to admit that and be accountable about it-- of centers working with undocumented people? Mr. North. That type of data is extremely difficult to get from USCIS, and I must claim that what we do understand about a number of the inner things about that firm regarding this program is concerned associates with instances in which the staff has actually said no to an application of some kind and after that the regional center or the private entrepreneur has actually mosted likely to the Administrative Appeals Office-- which becomes part of the agency-- and there we get documents, we obtain more info a hearing police officer informing us what is going on because particular instance.




This is a negative application." There is a quantity of negative applications out there, but just once that process obtains prior to a management regulation court do we see much in the method of information. Now, there was one instance that you pointed out, and let me just clarify on that particular a bit.

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Do not take too long because I desire to ask another pair concerns. Go in advance and quickly coating. Mr. North. The dairy products ranch had actually claimed 17 employees, and they got right into it, and the judge discovered that 16 of them were illegals. Now, that is the one example I have, and it is a fine example.


Okay. I am mosting likely to ask different concerns of each of the 3 of you, however it handles this set problem. As I stated in my opening statement, I am concerned about the potential technicality that allows capitalists to withdraw their financial investment in local centers after getting their environment-friendly card.


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


If I put my money in a hotel advancement-- Senator Grassley. Can I think then that you are saying that there does not require to be any type of adjustments made in that respect? Mr. Divine. I do not think so. Legislator Grassley. Okay. Let me ask Mr. Stenger, is it usual for an investor in your experience to withdraw his/her financial investment instantly after obtaining an environment-friendly card? Mr.

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Legislator, no. Our programs require that the capitalist be invested for a minimum of 5 years and be paid back only if the business is in a position to do so at the end of that time. We have the benefit of the resources to develop the business, obtain it running, make it effective, ensure that the jobs will certainly be developed and kept, and after that just if the company is successful will there be an exit approach for the capitalist.