WEST PALM BEACH, Fla.--(BUSINESS WIRE)--Al Zucaro, Co-Founder and managing-partner of the Palm Beach Regional Center, today announced Twin Peaks’ newest location in West Palm Beach has received financial assistance through the center’s EB-5 financing platform. Voodoo BBQ was the first in Palm Beach County to utilize the PBRC’s EB-5 program, which boosts the county as an international business destination.
“We are honored that Twin Peaks partnered with the Palm Beach Regional Center to secure the financial assistance necessary to open their newest location,” said Zucaro. “This success, in addition to our work with Voodoo BBQ, further solidifies the center’s niche for EB-5 financing to multi-location restaurants.”
The EB-5 program continues to boost the county as an international business destination. It was developed to appeal to foreign investors seeking permanent residency in the United States by allowing them to invest in the economic growth of America. These investments provide direct and indirect jobs for the country’s citizens and appropriately represent the region to the rest of the globe.
“Jafrejo Holdings, LLC and DMD Restaurant Group, LLC (Twin Peaks’ franchise company) are proud to be affiliated with Palm Beach Regional Center to host our EB-5 offerings. Our relationship with Palm Beach Regional Center has been an exceptional experience and we appreciate their confidence in our company and brands,” said Frederick Burgess, Chief Legal Officer & Director of EB-5 Projects at Jafrejo Holdings, LLC.
The Palm Beach Regional Center was awarded EB-5 recognition in 2008 after Zucaro and Co-Founder, Louis Haddad, demonstrated strict adherence to the United States Citizenship and Immigration Services (USCIS) EB-5 guidelines. Zucaro’s career as an immigration lawyer in Boca Raton provided him with the background needed to become the first regional center to be approved in the state of Florida by the USCIS.
“Our EB-5 investors have 100% I-526 green card approval, and we are confident that all of our investors will receive their permanent green cards as we build and open restaurants and create needed employment in the counties covered by Palm Beach Regional Center. We look forward to continued business with Palm Beach Regional Center as we open more Twin Peaks restaurants in the counties that they serve,” said Burgess.