Bank of America unveils $250B initiative to modernize US infrastructure

Bank of America (BofA) is launching a $250 billion initiative to finance a broad buildout of U.S. infrastructure, including data centers, semiconductor facilities, power generation and transportation projects.

The banking giant announced Wednesday that its Critical Infrastructure Finance Initiative will mobilize and deploy $250 billion through lending, investments, capital markets and advisory transactions over an 18-month period ending July 4, 2027.

The effort comes as growing demand for computing power, electricity, manufacturing capacity and diversified supply chains drives infrastructure investment across the U.S. BofA said the initiative will focus on projects that strengthen energy security, technological leadership and long-term economic growth.

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“We are proud of our long history supporting the American economy. As America marks its 250th year, this initiative reflects our confidence in the country’s future and the investments that will shape it,” said BofA Co-President Jim DeMare. “The infrastructure that powers our economy, strengthens our energy security and secures our technological leadership will drive growth, create jobs and define America’s next chapter.”

The initiative will target three broad areas: digital infrastructure, energy and power infrastructure, and core infrastructure.

Digital projects can include data centers, computing hardware, chips, telecommunications and semiconductors. Energy investments can include conventional and renewable power generation, energy storage and distribution systems, while core infrastructure can include transportation, electric and energy transmission, grid optimization, water systems, critical minerals and mining.

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Bank of America said investments supported by the initiative could help create tens of thousands of jobs across construction, manufacturing, technology and infrastructure operations.

The bank also pointed to its workforce-development efforts. In 2025, Bank of America invested nearly $40 million in more than 730 workforce-development partners across 97 U.S. markets. Those organizations estimate the funding helped connect more than 90,000 people with employment opportunities and provided more than 290,000 people with access to training, education and career-readiness programs.

Bank of America’s Global Capital Solutions and Global Infrastructure & Sustainable Finance teams will lead the initiative, with support from all eight of the company’s lines of business.

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The $250 billion target will be measured based on eligible primary-market lending, investing, capital markets and advisory transactions between Jan. 1, 2026, and July 4, 2027. The bank said it will use a methodology consistent with its $1.5 trillion, 10-year sustainable finance goal.