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And I have been pleased to fulfill them and happy to invite them. Chairman Leahy. As my last question, in some of the statement this morning there has actually been an idea that, of course, just with all the hundreds of billions, trillions of bucks ready to spend, you ought to simply go somewhere else.


Stenger. I would tell you that in this climate the capability to raise capital for the important things we are doing would certainly have-- it is impossible to do so in a manner that would certainly permit us as effectively and as quickly develop things we have done. You can obtain cash if you have got half down.


I might have borrowed fifty percent of that if I had the $12 million in money to place up. Everybody recognizes that, yes, financial institutions have money to loan as long as you have actually obtained half of it in your pocket before you ask for the other fifty percent. That is not how business functions nowadays.

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You are talking from a real-world experience, not from a brain trust experience. I will certainly leave that simply as an unjustified comment from the Chairman. Senator Grassley. Legislator Grassley. Thank you. I wish to be accountable in this concern of undocumented employees. I intend to confess that we just have unscientific information, yet I want to ask you to what level you need to go or do go to make sure that the facilities see to it that the financial investments do not develop jobs for people right here unlawfully.


Mr. Stenger. Legislator, I am a hands-on proprietor of a service, and I am on-property every day. We have actually employed-- as I stated, at the Height we had 550 construction workers on our job. The marching orders that I provided to my group is that we are to work with regional firms in practically every circumstances to do all of the construction.


They are made up of 10, 15, 20, 30 employees. They are from our regional counties. They are Vermonters. They are profiting straight from the financial investment. We are a hands-on center. I understand the employees, I understand their family members, and we have had the ability to utilize-- with these last 3 years of dreadful financial chaos, we have had the ability to utilize practically every construction employee in our county and the bordering counties.

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They are spent in the communities, and they are all United state workers. Senator Grassley. Mr. Stenger.


Thanks. Mr. North, along the same lines of the inquiry I asked him, has your study revealed instances various other-- and I just provided one instance, so I wish to confess that and be accountable regarding it-- of facilities employing undocumented here individuals? Mr. North. That kind of data is extremely difficult to get from USCIS, and I need to say that what we do understand about numerous of the inner features of that company as for this program is worried associates with cases in which the team has said no to an application of some kind and after that the regional facility or the specific business owner has actually gone to the Administrative Appeals Workplace-- which is component of the agency-- and there we obtain records, we obtain a hearing policeman informing us what is taking place in that specific case.




This is a negative application." There is a quantity of bad applications out there, yet only as soon as that procedure obtains before an administrative regulation judge do we see much in the means of detail. Currently, there was one situation that you discussed, and allow me simply clarify on that a little.

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Do not take too long since I want to ask an additional couple concerns. Go ahead and promptly surface. Mr. North. The milk farm had actually asserted 17 workers, and they got right into it, and the court discovered that 16 of them were illegals. Now, that is the one example I have, and it is a fine example.


Okay. I am going to ask different inquiries of each of the 3 of you, however it takes care of this set concern. As I claimed in my opening statement, I am concerned concerning the potential technicality that allows capitalists to withdraw their financial investment in local centers after receiving their eco-friendly card.


Mr. Divine. I would claim that many of the financiers, if you asked them what are their objectives, they would certainly say, "I want to obtain a copyright, and I want to maintain it.


If I put my cash in a hotel development-- Legislator Grassley. Can I assume then that you are saying that there does not need to be any type of adjustments made in that respect? Mr. Divine. I do not assume so. Senator Grassley. Okay. Allow me ask Mr. Stenger, is it common for an investor in your experience to withdraw his/her financial investment promptly after obtaining a permit? Mr.

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Senator, no. Our programs require that the capitalist be spent for a minimum of 5 years and be repaid just if business is in a placement to do so at the end of that time. We have the benefit of the funding to develop the company, get it running, make it successful, ensure that the work will certainly be produced and maintained, and then only if the company is successful will there be a departure method for the financier.