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And I have actually been pleased to fulfill them and honored to welcome them. Chairman Leahy. Additionally, as my last question, in a few of the testimony today there has actually been a pointer that, of course, just with all the numerous billions, trillions of bucks ready to invest, you ought to simply go someplace else.

Stenger. I would certainly tell you that in this environment the ability to increase resources for the things we are doing would certainly have-- it is impossible to do so in a fashion that would permit us as properly and as quickly produce the important things we have done. You can obtain cash if you have actually obtained 50 percent down.


I can have obtained fifty percent of that if I had the $12 million in cash to put up. Everybody recognizes that, yes, financial institutions have cash to loan as long as you have actually obtained half of it in your pocket prior to you request for the various other half. That is not exactly how business works these days.

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Legislator Grassley. Senator Grassley. I want to confess that we just have unscientific details, however I would certainly like to ask you to what extent you have to go or do go to make certain that the facilities make sure that the financial investments do not develop work for individuals right here unlawfully.


Mr. Stenger. We have actually hired-- as I claimed, at the Top we had 550 building and construction workers on our task.


They are made up of 10, 15, 20, 30 workers. They are profiting directly from the financial investment. I know the workers, I understand their family members, and we have actually been able to employ-- with these last 3 years of horrible economic turmoil, we have been able to utilize nearly every construction employee in our region and the bordering areas.

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homeowners. They live in the area. Their families exist. They are spent in the areas, and they are all U.S. workers. Senator Grassley. You do not need to use e-verify, however I wish to know whether or not you do. Mr. Stenger. We do. Legislator Grassley. You do.


Thank you. Mr. North, along the same lines of the inquiry I asked him, has your research study revealed examples other-- and I only provided one instance, so I want to admit that and be accountable concerning it-- of facilities employing undocumented people? Mr. North. That sort of data is really tough to obtain from USCIS, and I must say that what we do know around much of the inner aspects of that agency as far as this program is concerned connects to instances in which the staff has actually claimed no to an application of some kind and after that the local facility or the specific business owner has actually gone to the Administrative Appeals Workplace-- which becomes part of the company-- and there we obtain files, we obtain a hearing police officer telling us what is going on because specific situation.




This is a bad application." So there is a quantity of bad applications available, yet just once that procedure gets before a management law court do we see much in the method of detail. Currently, there was one case that you mentioned, and let me simply elaborate on that particular a little.

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Do not take as well long because I want to ask an additional couple inquiries. Go in advance and swiftly surface. Mr. North. The dairy products ranch had declared 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 separate concerns of each of the three of you, but it manages this one issue. As I claimed in my opening statement, I am concerned about the potential loophole that allows financiers to withdraw their financial investment in local facilities after receiving their eco-friendly card.


Mr. Divine. I would certainly claim that most of the financiers, if you asked them what are their objectives, they would say, "I desire to obtain an eco-friendly card, and I desire to keep it.

If I put my money in a resort growth-- Legislator Grassley. Can more info I think then that you are stating that there does not need to be any adjustments made in that regard? Mr. Divine. I do not assume so. Legislator Grassley. Okay. Allow me ask Mr. Stenger, is it typical for an investor in your experience to withdraw his/her financial investment right away after obtaining a permit? Mr.

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Legislator, no. Our programs call for that the investor be spent for a minimum of 5 years and be repaid just if business is in a setting to do so at the end of that time. We have the advantage of the capital to develop the organization, get it running, make it successful, ensure that the work will certainly be produced and maintained, and then just if the organization is successful will certainly there be an exit method for the investor.