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And I have been pleased to meet them and pleased to invite them. Chairman Leahy. Additionally, as my last question, in some of the testimony today there has been a pointer that, naturally, simply with all the thousands of billions, trillions of dollars all set to invest, you need to just go somewhere else.


Stenger. I would certainly inform you that in this environment the capability to raise capital for the important things we are doing would have-- it is impossible to do so in a way that would enable us as successfully and as promptly create the important things we have actually done. You can obtain money if you have obtained half down.


I can have borrowed half of that if I had the $12 million in money to place up. Everybody understands that, yes, financial institutions have money to lending as long as you have actually obtained fifty percent of it in your pocket before you request the various other half. That is not exactly how company works these days.

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You are talking from a real-world experience, not from a think storage tank experience. I will certainly leave that merely as a gratuitous remark from the Chairman. Legislator Grassley. Legislator Grassley. Thank you. I wish to be responsible in this problem of undocumented workers. I intend to confess that we only have unscientific info, yet I would such as to ask you to what extent you have to go or do go to make certain that the centers ensure that the investments do not create work for people right here illegally.


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


They are composed of 10, 15, 20, 30 workers. They are from our regional regions. They are Vermonters. They are profiting directly from the investment. We are a hands-on center. I understand the workers, I know their families, and we have been able to use-- through these last 3 years of terrible financial turmoil, we have actually been able to employ almost every building and construction worker in our area and the bordering counties.

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


Thanks. Mr. North, along the very same lines of the question I asked him, has your research study revealed instances various other-- and I just provided one instance, so I intend to confess that and be liable regarding it-- of centers working with undocumented individuals? Mr. North. That kind of information is really difficult to acquire from USCIS, and I need to claim that what we do find out about much of the internal aspects of that firm as much as this program is concerned relates to cases in which the personnel has claimed no to an application of some kind and afterwards the regional facility or the specific entrepreneur has gone to the Administrative website Appeals Office-- which becomes part of the agency-- and there we obtain papers, we get a hearing policeman telling us what is taking place in that specific instance.




This is a poor application." So there is a quantity of bad applications out there, yet just when that process gets prior to a management legislation judge do we see a lot in the method of detail. Currently, there was one situation that you pointed out, and let me simply specify on that a bit.

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Do not take as well long due to the fact that I wish to ask another pair questions. Go ahead and swiftly surface. Mr. North. The milk ranch had asserted 17 workers, and they entered it, and the judge discovered that 16 of them were illegals. Currently, that is the one example I have, and it is an example.


Okay. I am mosting likely to ask separate inquiries of each of the 3 of you, however it manages this concern. As I claimed in my opening declaration, I am concerned regarding the possible technicality that permits capitalists to withdraw their financial investment in regional centers after receiving their permit.


Mr. Divine. I would claim that most of the capitalists, if you asked them what are their goals, they would state, "I want to obtain an eco-friendly card, and I desire to keep it.


If I place my cash in a resort advancement-- Legislator Grassley. Can I think then that you are saying that there does not need to be any kind of changes made in that regard? Mr. Divine. I do not believe so. Legislator Grassley. Okay. Allow me ask Mr. Stenger, is it usual for a capitalist in your experience to withdraw his or her investment right away after getting an environment-friendly card? Mr.

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Legislator, no. Our programs call for that the capitalist be spent for a minimum of 5 years and be repaid only if business is in a setting to do so at the end of that time. So we have the benefit of the funding to create the business, obtain it running, make it effective, ensure that the tasks will be produced and maintained, and after that just if business achieves success will certainly there be an exit strategy for the capitalist.