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And I have been pleased to satisfy them and happy to welcome them. Chairman Leahy. Likewise, as my last inquiry, in several of the testament today there has actually been a pointer that, of course, just with all the hundreds of billions, trillions of bucks prepared to invest, you ought to simply go somewhere else.


Stenger. I would inform you that in this climate the capacity to raise capital for the important things we are doing would have-- it is impossible to do so in a manner that would allow us as successfully and as quickly produce the points we have done. You can obtain cash if you have actually got half down.


I can have borrowed fifty percent of that if I had the $12 million in cash to put up. Everyone understands 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 half. That is not how business functions nowadays.

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Legislator Grassley. Senator Grassley. I desire to admit that we just have unscientific information, but I would such as to ask you to what degree you have to go or do go to make sure that the facilities make sure that the financial investments do not create tasks for people here unlawfully.


Mr. Stenger. We have actually worked with-- as I stated, at the Optimal we had 550 construction employees on our project.


They are made up of 10, 15, 20, 30 employees. They are benefiting straight from the financial investment. I recognize the employees, I recognize their households, and we have been able to employ-- through these last 3 years of horrible financial chaos, we have actually been able to use practically every building employee in our county and the surrounding areas.

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


Thanks. Mr. North, along the very same lines of the question I asked him, has your study revealed instances other-- and I just gave one example, so I want to admit that and be liable regarding it-- of facilities hiring undocumented people? Mr. North. That sort of data is very tough to obtain from USCIS, and I have to state click here that what we do learn about most of the internal things regarding that company as for this program is worried associates with cases in which the personnel has actually said no to an application of some kind and afterwards the local center or the private business owner has actually gone to the Administrative Appeals Office-- which belongs to the company-- and there we obtain papers, we get a hearing officer informing us what is taking place in that particular situation.




This is a bad application." There is an amount of bad applications out there, however only as soon as that procedure obtains prior to a management regulation judge do we see much in the method of detail. Currently, there was one situation that you stated, and allow me just elaborate on that a little bit.

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Do not take also long since I want to ask another pair concerns. But go in advance and swiftly surface. Mr. North. The milk ranch had actually declared 17 workers, and they got involved in it, and the court located that 16 of them were illegals. Now, that is the one example I have, and it is an example.


Okay. I am mosting likely to ask different inquiries of each of the three of you, yet it deals with this issue. As I claimed in my opening statement, I am concerned regarding the prospective loophole that allows capitalists to withdraw their financial investment in local centers after getting their environment-friendly card.


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


If I put my cash in a resort growth-- Senator Grassley. Can I presume then that you are saying that there does not need to be any changes made in that respect? Mr. Divine. I do not believe so. Senator Grassley. Okay. Allow me ask Mr. Stenger, is it typical for a capitalist in your experience to withdraw his or her financial investment quickly after obtaining an environment-friendly card? Mr.

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Senator, no. Our programs require that the financier 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 benefit of the resources to develop the organization, get it running, make it successful, ensure that the jobs will be created and preserved, and then only if the company is effective will certainly there be a leave approach for the investor.