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And I have been proud to fulfill them and happy to invite them. Chairman Leahy. Also, as my last inquiry, in several of the testimony today there has actually been an idea that, obviously, simply with all the thousands of billions, trillions of dollars prepared to invest, you need to simply go somewhere else.

Stenger. I would certainly inform you that in this climate the ability to elevate funding for the important things we are doing would certainly have-- it is impossible to do so in a fashion that would certainly allow us as efficiently and as promptly develop things we have done. You can borrow cash if you have obtained 50 percent down.

I could have obtained fifty percent of that if I had the $12 million in cash money to set up. Every person knows that, yes, financial institutions have money to finance as long as you have actually got half of it in your pocket before you request for the other fifty percent. That is not how company functions nowadays.

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Legislator Grassley. Senator Grassley. I desire to admit that we only have anecdotal information, however I would such as to ask you to what degree you have to go or do go to make certain that the centers make sure that the investments do not develop tasks for people below illegally.

Mr. Stenger. We have worked with-- as I stated, at the Optimal we had 550 building and construction employees on our project.

They are made up of 10, 15, 20, 30 employees. They are profiting directly from the investment. I recognize the employees, I recognize their households, and we have been able to use-- via these last 3 years of horrible financial turmoil, we have actually been able to employ nearly every construction employee in our area and the bordering regions.

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They are invested in the communities, and they are all U.S. employees. Legislator Grassley. Mr. Stenger.

Thanks. Mr. North, along the same lines of the concern I asked him, has your study shown examples various other-- and I only gave one instance, so I wish to confess that and be accountable about it-- of centers working with undocumented people? Mr. North. That sort of information is really tough to acquire from USCIS, and I have to say that what we do understand about much of the inner things regarding that firm regarding this program is worried connects to cases in which the team has stated no to an application of some kind and afterwards the regional center or go to my site the private entrepreneur has actually mosted likely to the Administrative Appeals Office-- which becomes part of the firm-- and there we get papers, we obtain a hearing police officer telling us what is taking place in that specific instance.



This is a bad application." There is a quantity of negative applications out there, but only when that procedure obtains before an administrative legislation court do we see much in the way of detail. Currently, there was one instance that you mentioned, and allow me simply elaborate on that a bit.

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Do not take as well long because I wish to ask one more couple inquiries. But go on and swiftly coating. Mr. North. The milk ranch had asserted 17 workers, and they got involved in it, and the judge located that 16 of them were illegals. Now, that is the one example I have, and it is an example.

Okay. I am going to ask different concerns of each of the 3 of you, but it manages this one concern. As I claimed in my opening statement, I am concerned about the possible technicality that allows financiers to withdraw their investment in regional centers after receiving their eco-friendly card.

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

If I put my money in a resort advancement-- Senator Grassley. Can I presume then that you are claiming that there does not need to be any kind of modifications made in that regard? Mr. Divine. I do not believe so. Senator Grassley. Okay. Let me ask Mr. Stenger, is it common visit this website for a capitalist in your experience to withdraw his or her financial investment promptly after receiving a permit? Mr.

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Senator, no. Our programs require that the financier be invested for a minimum of 5 try these out years and be paid back only if the organization is in a placement to do so at the end of that time. We have the advantage of the capital to create the company, get it running, make it successful, ensure that the jobs will certainly be created and preserved, and after that just if the business is effective will there be a departure approach for the financier.

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