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And I have been honored to satisfy them and proud to invite them. Chairman Leahy. Likewise, as my last inquiry, in several of the testimony today there has actually been an idea that, naturally, simply with all the hundreds of billions, trillions of bucks all set to spend, you ought to just go somewhere else.
I might have borrowed half of that if I had the $12 million in money to set up. Everybody understands that, yes, financial institutions have money to lending as long as you have obtained half of it in your pocket prior to you request for the other half. That is not just how company functions nowadays.
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Legislator Grassley. Senator Grassley. I desire to admit that we just have anecdotal info, yet I would certainly like to ask you to what degree you have to go or do go to make certain that the centers make certain that the investments do not develop work for people right here illegally.
Mr. Stenger. We have hired-- as I stated, at the Top we had 550 building employees on our job.
They are made up of 10, 15, 20, 30 employees. They are benefiting directly from the financial investment. I understand the employees, I know their family members, and we have actually been able to employ-- via these last 3 years of dreadful economic turmoil, we have actually been able to employ nearly every building worker in our region and the surrounding areas.
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residents. They reside in the area. Their households exist. They are invested in the areas, and they are all united state employees. Senator Grassley. You do not have to make use of e-verify, but I would such as to understand whether you do. Mr. Stenger. We do. Legislator Grassley. You do.
Mr. North, along the exact same lines of the question I asked him, has your research study revealed instances various other-- and I just offered one example, so I want to confess that and be liable concerning it-- of centers hiring undocumented people? Mr. EB5 Regional Center Program. North.
This is a poor application." So there is a quantity of bad applications around, but only as soon as that procedure gets prior to a management regulation judge do we see a lot in the means of detail. Now, there was one instance that you mentioned, and allow me just clarify on that a bit.
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Do not take too long since I wish to ask another couple questions. But proceed and rapidly surface. Mr. North. The dairy products ranch had actually asserted 17 employees, and they obtained right into 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 different concerns of each of the 3 of you, however it deals with this concern. As I stated in my opening declaration, I am worried concerning the potential technicality that permits capitalists to withdraw their financial investment in regional centers after getting their eco-friendly card.
Divine, are you conscious of any circumstances in which a financier withdrew the investment and left promptly after getting a permit? And if you are, or if you believe it is an issue, do you think that it is a technicality that should be closed? Mr. Divine. I would claim that many of the investors, if you asked them what are their objectives, they would certainly say, "I wish to get a permit, and I intend to maintain it.
Senator, no.