EB-5 News Archive for the ‘EB-5 Regional Centers News’ Category
After only being open for 2 months, VooDoo BBQ & Grill placed FIRST in the WPLG Local 10 Top 10 Best BBQ in South Florida! “To take first means so much to us. Thank you to all our customers who helped spread the word,” said Jack Flechner, President of VooDoo BBQ’s Florida Franchise group.
In addition to winning first place in the contest, the first eight weeks of business have far exceeded all expectations for VooDoo BBQ’s first Florida Location in Pembroke Pines. “Our EB-5 Investors are receiving their approvals in as little as four months. Our sales volume is Fifty percent above our projections. Jobs are already being created. And Construction is already underway on two additional locations with construction on a fourth location scheduled to begin in a few months,” Mr. Flechner added.
And as a result of being named best BBQ restaurant in South Florida by Channel 10 TV, VooDoo BBQ was recently highlighted on a major television news broadcast.
VooDoo BBQ’s success and rapid expansion is credited to its unique concept rooted in New Orleans culture – a culture known for its creative and delicious food. VooDoo BBQ & Grill is ranked in Entrepreneur Magazine’s Franchise 500 and is a recipient of Franchise Business Review’s Top 50 Franchisee Satisfaction Awards.
While VooDoo BBQ & Grill has already sold out all its Phase-I EB-5 positions, opportunities remain to invest in Phase-II, which is offered by the Palm Beach Regional Center and the Florida Restaurant Franchise Group.
Contact Exclusive Visas to Discuss VooDoo BBQ Investment Opportunities
NES Financial Reports: “Investors are receiving I-526 Approvals as Palm Beach Regional Center Expands VooDoo BBQ & Grill Restaurants through the EB-5 Visa Program”
NES Financial’s EB-5 escrow administration services streamline investment fund management for development projects
San Jose, CA (PRWEB) January 29, 2013
NES Financial, the nation’s leading provider of escrow administration services to the EB-5 industry, is pleased to announce that the Palm Beach Regional Center has again chosen its EB-5 Subscription Escrow Solution to manage investment funds during the second phase of development of bringing VooDoo BBQ & Grill restaurants to South Florida.
The Palm Beach Regional Center operates in nine Florida Counties including Miami-Dade, Broward and Palm Beach. The New Orleans-based VooDoo BBQ & Grill chain is one of the fastest growing fast-service franchises in the industry. In an effort to spur economic growth and create local jobs, the Palm Beach Regional Center spearheaded a successful capital raise to build the first four locations presented under the federal EB-5 Visa Program. Extended by Congress through September 2015, the program allows foreign nationals to become legal United States residents through investment in job-creating entities. Phase 1, which consisted of financing four restaurants, is fully funded and investors are receiving their I-526 approvals. 175 New jobs will be created in Miami-Dade and Broward County in Phase 1.
The Palm Beach Regional Center signed up with NES Financial’s EB-5 Subscription Escrow Solution for the second phase because of its proven ability to streamline tasks and manage complex escrow accounts, while delivering the highest levels of security and transparency to their foreign investors. NES Financial has become the leader in providing solutions that help Regional Centers manage investor funds with ease.
“NES Financial understands the intricacies of the EB-5 program. They have developed a complete software solution and educated all of their partners to make the whole process extremely efficient,” said Fred Burgess. “The Palm Beach Regional Center, and its leadership team have a proven record of success in the EB-5 industry,” said Reid Thomas, EVP, at NES Financial, “and we are proud to continue to provide financial solutions that streamline account management as they continue to drive economic growth in Florida.”
About NES Financial NES Financial is a leading provider of administration solutions for businesses with complex processes, large sub-accounting needs, and significant regulatory requirements in a broad spectrum of industries. Combining in-house financial and legal expertise with state of the art technology, NES Financial helps banks, Fortune 500 corporations, and EB-5 Regional Centers improve operational efficiency, lower costs, and improve profitability. Recognized by Inc. magazine’s 500|5000 list as one of the fastest growing private companies in America, NES Financial safely processes more than $85 billion a year and helps protect businesses from financial risk by delivering unmatched levels of transparency, funds security, and regulatory compliance. For more information, please visit http://www.nesf.com.
About Palm Beach Regional Center The Palm Beach Regional Center is operated by Palm Beach Investment and Finance. It was established in 2008 with the intent of developing local industries, creating jobs and economic growth for the region, and helping promote the region to the international community. The Palm Beach Regional Center handles a variety of projects that showcase and benefit from the region’s strength as an international gateway to the western hemisphere. For more information, please visit http://www.palmbeachregionalcenter.com
Laura Kelly NES Financial – www.nesf.com












