$500 Million Black Woman Owned Investment Firm is Rebuilding D.C. with Foreign Dollars

October 2, 2018

When Angelique Brunner moved to the nation’s capital two decades ago, she was shocked to find neighborhoods with no stores, no services, and burned-out buildings.

 

Black woman owned investment firm

 

"I started asking around about what is going on here, people told me it was the riots,” she tells Fast Company. “I said, ‘Oh, what riots?’ They said, ‘The Martin Luther King riots.’ I said, ‘The riots were in 1968. So, this is why D.C. doesn’t have grocery stores, and it’s giving away houses for a dollar?’”

 

 

The local city government was, in fact, selling off long-abandoned homes for a buck to developers who had the money to rebuild. Some of Washington’s once vibrant black neighborhoods never quite recovered from the unrest in the days following the assassination of the civil rights leader and the subsequent departure of the middle class.

 

Brunner was stunned and, armed with her degrees in public policy from Brown and Princeton, started learning the ropes in venture capital and then real estate development—determined to make a difference.

 

And she is making a difference, bringing jobs, homes, and new business to once blighted streets.

 

As president of EB5 Capital, which she founded a decade ago, Brunner is now one of the driving forces in the revitalization of D.C., leveraging a controversial program that puts rich foreign investors on a path to citizenship in return for their investment dollars.

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