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And I have actually been proud to satisfy them and proud to welcome them. Chairman Leahy. As my last question, in some of the testimony this early morning there has actually been an idea that, of course, just with all the hundreds of billions, trillions of bucks ready to invest, you should simply go somewhere else.


Stenger. I would tell you that in this environment the capacity to elevate resources for things we are doing would have-- it is impossible to do so in a way that would certainly permit us as properly and as quickly create the important things we have actually done. You can obtain cash if you have actually obtained half down.


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

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Legislator Grassley. Legislator Grassley. I desire to admit that we just have anecdotal info, but I would such as to ask you to what level you have to go or do go to make sure that the facilities make certain that the financial investments do not develop jobs for people here illegally.


Mr. Stenger. We have hired-- as I said, at the Peak we had 550 construction employees on our task.


They are composed of 10, 15, 20, 30 staff members. They are from our neighborhood regions. They are Vermonters. They are benefiting directly from the investment. So we are a hands-on center. I understand the workers, I know their families, and we have actually had the ability to utilize-- through these last 3 years of terrible financial chaos, we have been able to employ almost every construction worker in our region and the bordering counties.

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


Thanks. Mr. North, along the exact same lines of the inquiry I asked him, has your research study shown examples other-- and I just gave one instance, so I intend to admit that and be liable about it-- of centers working with undocumented people? Mr. North. That sort of data is very hard to obtain from USCIS, and I should say that what we do find out about much click here of the interior aspects of that company as much as this program is worried relates to cases in which the staff has said no to an application of some kind and then the local facility or the specific business owner has gone to the Administrative Appeals Office-- which becomes part of the company-- and there we get papers, we obtain a hearing officer telling us what is taking place in that particular instance.




This is a poor application." So there is an amount of negative applications around, yet only once that process obtains prior to an administrative regulation judge do we see a lot in the means of information. Now, there was one situation that you stated, and let me simply specify on that a bit.

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Do not take also long since I intend to ask one more pair concerns. Go ahead and swiftly coating. Mr. North. The dairy farm had actually declared 17 workers, and they entered into it, and the court discovered that 16 of them were illegals. Currently, that is the one instance I have, and it is an example.


Okay. I am mosting likely to ask different concerns of each of the three of you, but it takes care of this set problem. As I said in my opening declaration, I am worried regarding the potential technicality that enables investors to withdraw their investment in local facilities after getting their eco-friendly card.


Divine, are you knowledgeable about any type of circumstances in which a financier took out the investment and left instantly after getting an environment-friendly card? And if you are, or if you think it is a trouble, do you think that it is a loophole that should be closed? Mr. Divine. I would claim that the majority of the financiers, if you asked what are their objectives, they would say, "I intend to get a permit, and I intend to maintain it.


If I put my money in a hotel growth-- Legislator Grassley. Can I presume then that you are stating that there does not require to be any kind of modifications made in that regard? Mr. Divine. I do not think so. Senator Grassley. Okay. Allow me ask Mr. Stenger, is it typical for a financier in your experience to withdraw his or her investment immediately after obtaining a permit? Mr.

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Senator, no. Our programs need that the investor 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. We have the advantage of the resources to produce the business, get it running, make it effective, assure that the jobs will be created and maintained, and after that just if the company is effective will certainly there be a leave technique for the capitalist.