Group behind Rok:Brgr, Tacocraft plans expansion with EB-5 funds
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South Florida-based restaurant group JEY Hospitality, the company behind multiple concepts including Rok:Brgr and Tacocraft, is using a popular funding route to potentially expand across Florida and beyond.
Charles Hazlett, co-founder of the Fort Lauderdale-based company, told the Business Journal that JEY is in the process of securing funds from EB-5 investors — foreign financiers who each funnel at least $500,000 into job-generating projects in the U.S. in exchange for citizenship.
JEY (short for "Just Enjoy Yourself") has already secured EB-5 investments for its fourth Rok:Brgr opening in February. Its third Tacocraft, slated for Miami's Coconut Grove, will also be built with EB-5 funds. With more dollars from foreign investors, Hazlett aims to have a total of 10 Rok:Brgr and Tacocraft locations open within the next three years.
"We're at a critical point of growth," Hazlett said.