Boardwalk Fresh Burgers and Fries Inc. announced that one of its master franchisees in the Midwest has received six I-526 approvals from the U.S. Citizenship and Immigration Services (USCIS) for the construction and operation of six new units of Boardwalk Fries Burgers Shakes in the Cincinnati, Ohio, area. The master franchisee who received the six I-526 approvals plans to continue using the EB5 program to finance the company’s growth. The Master Franchisee has already submitted several more I-526 petitions for additional Boardwalk units, and expects to receive approvals shortly.
Dave DiFerdinando, president of Boardwalk Fries Burgers Shakes, expects the master franchisees nationwide to add a significant number of new units using the EB-5 program to obtain the necessary financing. “These six I-526 approvals are a very big step for us. They are proof that our brand and our business model are solid. It also shows that EB5 investors can play a big role in our franchisees’ continued expansion,” DiFerdinando says.
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