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And I have been honored to fulfill them and honored to welcome them. Chairman Leahy. Additionally, as my last question, in a few of the testament today there has actually been an idea that, naturally, just with all the numerous billions, trillions of dollars ready to invest, you should just go elsewhere.


Stenger. I would certainly tell you that in this climate the capacity to elevate 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 promptly develop the important things we have actually done. You can borrow cash if you have actually got 50 percent down.


I can have borrowed fifty percent of that if I had the $12 million in cash money to set up. Every person understands that, yes, financial institutions have cash to loan as long as you have actually got half of it in your pocket before you request for the other half. That is not just how organization works these days.

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You are talking from a real-world experience, not from a brain trust experience. I will leave that merely as a gratuitous comment from the Chairman. Senator Grassley. Legislator Grassley. Thank you. I want to be responsible in this problem of undocumented employees. I wish to confess that we only have unscientific info, but I would love to ask you to what level you have to go or do go to ensure that the centers see to it that the investments do not develop work for people here illegally.


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


They are composed of 10, 15, 20, 30 workers. They are from our neighborhood counties. They are Vermonters. They are benefiting directly from the investment. So we are a hands-on facility. I recognize the workers, I recognize their family members, and we have actually been able to employ-- through these last 3 years of horrible financial turmoil, we have had the ability to use practically every building worker in our county and the surrounding areas.

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residents. They reside in the area. Their family members are there. They are purchased the communities, and they are all U.S. workers. Senator Grassley. You do not need to utilize e-verify, but I wish to recognize whether or not you do. Mr. Stenger. We do. Senator Grassley. You do.


Thanks. Mr. North, along the same lines of the question I asked him, has your research study revealed instances various click here other-- and I only offered one instance, so I intend to confess that and be accountable regarding it-- of facilities working with undocumented individuals? Mr. North. That kind of information is very difficult to acquire from USCIS, and I need to state that what we do find out about most of the inner aspects of that firm as much as this program is concerned connects to situations in which the staff has claimed no to an application of some kind and afterwards the regional facility or the private business owner has actually gone to the Administrative Appeals Office-- which belongs to the company-- and there we get files, we obtain a hearing officer informing us what is going on in that particular instance.




This is a bad application." So there is an amount of poor applications out there, however just as soon as that process gets before a management regulation judge do we see much in the way of information. Now, there was one case that you discussed, and allow me just elaborate on that a little.

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Do not take as well long because I intend to ask one more couple inquiries. Go ahead and rapidly surface. Mr. North. The milk farm had declared 17 employees, and they entered it, and the court discovered that 16 of them were illegals. Currently, that is the one example I have, and it is an example.


Okay. I am going to ask different inquiries of each of the three of you, but it handles this set problem. As I stated in my opening declaration, I am worried regarding the potential loophole that allows investors to withdraw their financial investment in local facilities after obtaining their permit.


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


If I put my cash in a resort advancement-- Senator Grassley. Can I think then that you are stating that there does not require to be any kind of changes made in that regard? Mr. Divine. I do not assume so. Senator Grassley. Okay. Let me ask Mr. Stenger, is it typical for a financier in your experience to withdraw his or her investment quickly after getting a permit? Mr.

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Senator, no. Our programs require that the investor be spent for a minimum of 5 years and be paid back just if the business is in a position to do so at the end of that time. So we have the advantage of the resources to produce business, obtain it running, make it effective, guarantee that the jobs will be produced and maintained, and after that just if business succeeds will there be an exit strategy for the investor.