Henok Tesfaye
A profile of Henok Tesfaye's business leadership, investment work, civic involvement, and commitment to communities in Washington, DC and Ethiopia.
For over twenty years, Henok Tesfaye served as President and Chief Executive Officer of U Street Parking, Inc. (USP), the company he founded in 1998. Under his leadership, USP became a leading parking company in the highly competitive Washington, DC metropolitan market.
Operational growth
By the time of this profile in 2018, U Street Parking had secured multimillion-dollar contracts to manage parking facilities at five of the busiest airports on the East Coast, including Orlando International Airport. The expansion reflected the company's growth from a local operation into a business serving major transportation facilities.
Tesfaye was also active in real estate through United Investments, with significant properties in development across the Washington metropolitan area. His business journey attracted coverage from national and local publications.
A District of Columbia entrepreneurial success story—a savvy and focused businessman in good standing with the community.
Civic and community leadership
Tesfaye served on the boards of Capital Bank and the Washington Architectural Foundation. He also participated in civic and professional organizations including the DC Chamber of Commerce, the Enterprise Development Group, and the National Parking Association.
Alongside his business and civic work, Tesfaye maintained a strong commitment to giving back. As Chairman of the Board of Mary Joy Foundation USA, he helped support the nonprofit's work with children and older adults in Ethiopia.