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And I have been proud to fulfill them and happy to invite them. Chairman Leahy. As my last question, in some of the statement this morning there has been a pointer that, of course, just with all the hundreds of billions, trillions of bucks ready to invest, you should just go someplace else.


Stenger. I would tell you that in this climate the capacity to elevate capital for the important things we are doing would certainly have-- it is difficult to do so in a fashion that would certainly allow us as efficiently and as rapidly produce the important things we have done. You can obtain money if you have obtained half down.


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

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Legislator Grassley. Legislator Grassley. I want to confess that we just have anecdotal details, however I would certainly like to ask you to what degree you have to go or do go to make certain that the facilities make certain that the investments do not produce work for people here unlawfully.


Mr. Stenger. Legislator, I am a hands-on proprietor of a company, and I am on-property each and every single day. We have worked with-- as I said, at the Top we had 550 building employees on our task. The marching orders that I gave to my group is that we are to hire local firms in nearly every instance to do all of the construction.


They are made up of 10, 15, 20, 30 staff members. They are benefiting directly from the investment. I know the employees, I understand their households, and we have been able to use-- via these last 3 years of terrible economic chaos, we have been able to utilize practically every building employee in our region and the bordering counties.

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homeowners. They reside in the location. Their households exist. They are purchased the areas, and they are all U.S. employees. Legislator Grassley. You do not need to use e-verify, however I wish to understand whether or not you do. Mr. Stenger. We do. Senator Grassley. You do.


Thanks. Mr. North, along the same lines of the concern I asked him, has your research revealed instances other-- and I just provided one example, so I intend to confess that and be liable about it-- of facilities employing undocumented people? Mr. North. That sort of information is really hard to obtain from USCIS, and I need to say that what we do find out about most of the inner features of that company regarding this program is worried associates with cases in which the staff has stated no to an application of some kind and after that the local center or the individual entrepreneur has gone to the Administrative Appeals Office-- which is component of the firm-- and there we obtain files, we obtain a hearing officer informing us what is going on in that particular situation.




This is a bad application." There is an amount of negative applications out there, however only as more info soon as that procedure gets before a management law court do we see a lot in the method of detail. Now, there was one instance that you discussed, and let me just clarify on that a little bit.

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Do not take also long because I wish to ask an additional couple concerns. Yet go ahead and swiftly finish. Mr. North. The dairy products farm had declared 17 workers, and they entered into it, and the judge located 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 inquiries of each of the 3 of you, yet it manages this one issue. As I stated in my opening statement, I am worried about the prospective technicality that enables investors to withdraw their investment in regional facilities after getting their permit.


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


If I put my cash in a hotel advancement-- Senator Grassley. Can I assume then that you are stating that there does not need to be any type of adjustments made because regard? Mr. Divine. I do not assume so. Legislator Grassley. Okay. Allow me ask Mr. Stenger, is it typical for a financier in your experience to withdraw his or her investment instantly after receiving a permit? Mr.

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Senator, no. Our programs need that the investor be invested for a minimum of 5 years and be repaid just if business remains in a placement to do so at the end of that time. We have the advantage of the resources to create the business, obtain it running, make it successful, ensure that the tasks will be created and kept, and then only if the company is successful will there be a leave approach for the financier.