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And I have been pleased to meet them and pleased to invite them. Chairman Leahy. Likewise, as my last inquiry, in some of the statement today there has been a recommendation that, certainly, simply with all the thousands of billions, trillions of dollars ready to invest, you ought to just go someplace else.

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


I could have obtained half of that if I had the $12 million in money to install. Everybody understands that, yes, banks have money to lending as long as you have actually got half of it in your pocket prior to you request for the various other half. That is not just how service works nowadays.

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You are talking from a real-world experience, not from a think storage tank experience. I will certainly leave that just as an unjustified comment from the Chairman. Senator Grassley. Legislator Grassley. Thank you. I desire to be responsible in this problem of undocumented employees. I intend to confess that we just have anecdotal details, but I want to ask you to what degree you need to go or do go to ensure that the centers ensure that the financial investments do not produce jobs for people right here unlawfully.


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


They are made up of 10, 15, 20, 30 workers. They are from our local areas. They are Vermonters. They are profiting directly from the investment. We are a hands-on facility. I recognize the employees, I recognize their families, and we have actually been able to employ-- with these last 3 years of dreadful financial chaos, we have been able to utilize nearly every building and construction employee in our region and the surrounding regions.

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residents. They reside in the location. Their households are there. They are bought the communities, and they are all U.S. employees. Senator Grassley. You do not have to use e-verify, but I would love to understand whether you do. Mr. Stenger. We do. Senator Grassley. You do.


Thank you. Mr. North, along the exact same lines of the question I asked him, has your research study revealed instances other-- and I just offered one example, so I intend to admit that and be liable about it-- of centers employing undocumented individuals? Mr. North. That type of information is really hard to acquire from USCIS, and I need to say that what we do understand around most of the interior features of that company regarding this program is worried relates to situations in which the team has actually claimed no to an application of some kind and after that the local facility or the specific business owner has mosted likely to the Administrative Appeals Workplace-- which is part of the company-- and there we obtain papers, we obtain a hearing police officer informing us what is taking place because particular case.




This is a bad application." There is an amount of poor applications out there, however just once that process gets before a management legislation judge do we see much in the means of information. Now, there was one case that you mentioned, and allow me just specify on that particular a bit.

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Do not take as well long due to the fact that I desire to ask another couple questions. Go ahead and rapidly surface. Mr. North. The milk ranch had actually asserted 17 workers, and they entered it, and the judge found that 16 of them were illegals. Now, that is the one instance I have, and it is a fine example.


Okay. I am mosting likely to ask different concerns of each of the three of you, but it deals with this one concern. As I claimed in my opening statement, I am worried regarding the possible loophole that allows investors to withdraw their financial investment in local centers after receiving their permit.


Mr. Divine. I would claim that many of the investors, if you asked them what are their objectives, they would certainly state, "I want to obtain a copyright, and I desire to keep it.

If I place my cash in click here a resort development-- Senator Grassley. Can I presume then that you are claiming that there does not need to be any kind of changes made in that regard? Mr. Divine. I do not believe so. Legislator Grassley. Okay. Allow me ask Mr. Stenger, is it usual for an investor in your experience to withdraw his or her investment quickly after receiving an eco-friendly card? Mr.

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Senator, no. Our programs require that the investor be invested for a minimum of 5 years and be paid back just if business remains in a position to do so at the end of that time. So we have the benefit of the resources to develop business, get it running, make it successful, assure that the work will certainly be produced and maintained, and after that only if the company is effective will certainly there be a departure strategy for the investor.