Glass Buildings

Empowerment & Inclusion
Capital I Corp.

On a mission to create significant shareholder value while promoting

racial equity and a shift to a more inclusive economy and society.


About Us

Empowerment & Inclusion Capital I Corp. (EICC) is a special-purpose acquisition company (SPAC) with the unique, purpose-driven mission to acquire a diverse-led business or a business focused on promoting an inclusive economy and society and provide strategic advice in support of its ongoing growth and success to create enduring shareholder value. 

EICC is a blank check company created for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination. It is sponsored by The PNC Financial Services Group, Inc. (PNC) and Jefferies. PNC and Jefferies intend to each donate all of their respective founders shares and warrants to initiatives supporting the economic empowerment and inclusion of underrepresented groups.  It is our core belief that by both empowering diverse or inclusive businesses and by our sponsors using their profits, including risk capital, to reinvest in our communities, we and our sponsors can deliver significant shareholder value while also promoting racial equity and a shift to a more inclusive economy and society. 

Former Congressman and Vice Chairman of PNC’s Corporate & Institutional Banking group Harold Ford Jr., will serve as Chairman and Chief Executive Officer. In addition to serving 10 years in Congress, Ford brings more than a decade of experience in the financial services industry. He is joined by a seasoned Chief Financial Officer and a diverse Board of Directors who have significant experience and expertise in multiple high-growth industry verticals.  Together, management, the board, PNC and Jefferies have extensive resources and connections to successfully drive EICC’s critical purpose-driven mission. 



Investment Criteria

Consistent with our strategy and purpose-driven mission, we have identified the following criteria and focus areas to guide our evaluation of acquisition opportunities across industries.



We will seek to acquire a business with diverse owners or executive leadership or with a focus on building a more inclusive economy and society. While we take an expansive view of diversity to include all underrepresented groups as well as women, focus will be given to Black-owned and managed companies given the relatively limited set of publicly traded Black-owned and managed firms.


We will seek to acquire a business with an inclusive culture that leverages best-in-class practices and strategies for creating workplace diversity across race, ethnicity, gender, age and sexual orientation. We believe diverse and inclusive businesses are more innovative, better able to respond to the needs of their customers and more collaborative, and, as a result, have the opportunity to outperform other businesses.

Strong Management Team

We will seek to acquire a business with a strong existing management team that is aligned with our purpose-driven mission and focused on long-term value creation. Where needed, we may also look to supplement and enhance the capabilities of the target’s management team by leveraging our platform to recruit additional talent.

Defensible Market Position

We will seek to acquire a business with a strong position in their target market as a result of a differentiated technology, proprietary intellectual property, strong brand recognition and customer reputation, privileged distribution capabilities or other competitive advantages.

Attractive Growth Prospects

We will seek to acquire a business that has the potential to grow organically as well as through acquisitions, including those enabled by the public stock currency created in the initial business combination. We will look for companies operating in industries with appealing long-term growth characteristics where incremental investment – either organic or from acquisitions—can be levered against favorable secular tailwinds.

Ability to Generate Strong Cash Flows

We will generally seek to acquire a business that has shown a history of generating strong and sustainable cash flows, but will be open to acquiring a business that, at the time of the initial business combination, is cash-flow negative so long as it has the potential to generate strong positive cash flows in the near future.

Benefit from Our Resources

We will seek to acquire a business that will benefit from access to the public capital markets as well as from the strategic advice our management team, board and sponsors can provide.

Sourced through Proprietary Channels

We will seek to acquire a business by leveraging our broad and diverse sourcing platform and do not expect to rely on a broadly marketed process to find a target.

These criteria are not intended to be exhaustive. Any evaluation relating to the merits of a particular initial business combination may be based, to the extent relevant, on these general guidelines as well as other considerations, factors and criteria that our management may deem relevant. In the event that we decide to enter into our initial business combination with a target business that does not meet the above criteria and guidelines, we will disclose that the target business does not meet the above criteria in our shareholder communications related to our initial business combination.