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And I have been pleased to meet them and honored to welcome them. Chairman Leahy. Also, as my last question, in a few of the testimony today there has actually been a pointer that, naturally, simply with all the hundreds of billions, trillions of bucks ready to spend, you ought to just go elsewhere.


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


I might have obtained fifty percent of that if I had the $12 million in cash money to place up. Everyone understands that, yes, financial institutions have cash to car loan as long as you have got fifty percent of it in your pocket before you ask for the various other fifty percent. That is not exactly how business works these days.

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Senator Grassley. Senator Grassley. I want to admit that we only have unscientific details, but I would certainly such as to ask you to what degree you have to go or do go to make certain that the facilities make certain that the financial investments do not create tasks for individuals here illegally.


Mr. Stenger. We have worked with-- as I claimed, at the Top we had 550 construction workers on our job.


They are comprised of 10, 15, 20, 30 staff members. They are from our local counties. They are Vermonters. They are benefiting straight from the financial investment. We are a hands-on center. I know the workers, I know their households, and we have actually been able to use-- via these last 3 years of horrible financial turmoil, we have been able to utilize practically every building and construction employee in our region and the bordering regions.

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residents. They stay in the area. Their family members are there. They are purchased the neighborhoods, and they are all united state workers. Legislator Grassley. You do not have to make use of e-verify, however I would love to know whether you do. Mr. Stenger. We do. Legislator Grassley. You do.


Thanks. Mr. North, along the same lines of the question I asked him, has your research here study shown examples other-- and I just provided one example, so I desire to confess that and be responsible about it-- of facilities working with undocumented individuals? Mr. North. That type of information is really hard to get from USCIS, and I must claim that what we do learn about a lot of the internal things concerning that firm regarding this program is concerned associates with cases in which the staff has actually claimed no to an application of some kind and after that the regional facility or the specific business owner has mosted likely to the Administrative Appeals Workplace-- which is component of the company-- and there we get records, we get a hearing officer telling us what is going on in that certain situation.




This is a negative application." So there is an amount of bad applications around, yet only when that process obtains before a management legislation judge do we see much in the way of information. 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 due to the fact that I wish to ask an additional pair inquiries. Go in advance and quickly surface. Mr. North. The milk ranch had actually claimed 17 employees, and they got involved in it, and the judge located that 16 of them were illegals. Now, that is the one instance I have, and it is an excellent example.


Okay. I am mosting likely to ask separate concerns of each of the three of you, but it deals with this concern. As I claimed in my opening declaration, I am concerned regarding the potential technicality that enables financiers to withdraw their financial investment in regional centers after obtaining their copyright.


Divine, are you knowledgeable about any kind of instances in which a financier withdrew the investment and left instantly after receiving a permit? And if you are, or if you assume it is a problem, do you think that it is a loophole that should be closed? Mr. Divine. I would certainly say that many of the financiers, if you asked what are their objectives, they would certainly state, "I want to obtain a permit, and I desire to maintain it.


If I place my money in a hotel advancement-- Senator Grassley. Can I think then that you are claiming that there does not need to be any type of modifications made because regard? Mr. Divine. I do not assume so. Senator Grassley. Okay. Let me ask Mr. Stenger, is it common for a capitalist in your experience to withdraw his/her investment quickly after getting a copyright? Mr.

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Legislator, no. Our programs require that the investor be invested for a minimum of 5 years and be paid back only if business remains in a position to do so at the end of that time. We have the benefit of the funding to develop the organization, get it running, make it effective, guarantee that the tasks will be created and preserved, and after that just if the service is effective will there be a leave strategy for the capitalist.