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Epiphany Community Impact Fund

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Black Execs Create Impact Fund to Offer Broadband Access to Underserved Communities

Broadband internet access has become a public health battle in underserved communities across the country and calls into question how it is used for healthcare purposes. Morris Clark — a former treasurer of Marathon Oil — and Otis Ellis — a former JPMorgan Chase executive — both teamed up to develop an infrastructure fund called the Epiphany Community Impact Fund to help communities in rural and urban states gain more access to broadband. To invest in these underserved communities and assist them in getting the resources they need to thrive, Clark and Ellis are attempting to bridge the U.S. digital gap. “The recent problems due to COVID-19 and the social unrest highlighting police brutality and racial discrimination has only augmented the deficiencies in urban and rural communities,” Ellis said, according to Black Enterprise . The newly launched fund arrives as COVID-19 has tremendously increased the need for major broadband legislation, exposing the lack of high-speed internet...

Jul 8, 2020