Bank of America launches $250 billion infrastructure finance initiative
Bank of America said it will mobilize and deploy $250 billion over more than 18 months to support U.S. infrastructure projects tied to America’s 250th anniversary.
Bank of America said Tuesday it is launching a $250 billion Critical Infrastructure Finance Initiative to support U.S. infrastructure development over an 18-month period tied to America’s 250th anniversary.
The bank said the initiative runs from Jan. 1, 2026, through July 4, 2027, and is intended to back projects in digital infrastructure, energy and power, and core infrastructure. It said the effort will use financing, investment, capital markets, banking, advisory and supply chain solutions.
Bank of America said the program is intended to help meet demand for computing power, energy, manufacturing capacity, transportation systems and diversified supply chains. The company said it believes the initiative can support energy security, technological leadership, economic growth, innovation and competitiveness.
Bank of America said progress will be measured only on eligible activity in primary market lending, investing, capital markets and advisory transactions. The company said that measurement approach is consistent with its method for a separate $1.5 trillion, ten-year sustainable finance goal.
In a release from Charlotte, N.C., the bank said the initiative will be led by its Global Capital Solutions and Global Infrastructure & Sustainable Finance teams, with support across all eight lines of business. Bank of America also said the effort will be backed by its global capital markets platform, advisory expertise and balance-sheet support.
The company said the initiative will help create tens of thousands of jobs nationwide. It did not give a specific estimate or a breakdown of where those jobs might be created.
Jim DeMare, co-president of Bank of America, said the plan reflects confidence in the country’s future and that infrastructure will drive growth, create jobs and define America’s next chapter. Karen Fang, global head of Infrastructure & Sustainable Finance and co-head of Global Capital Solutions, said meeting infrastructure needs requires mobilizing capital at scale across interconnected sectors and integrating corporate and project-level capital in public and private markets.
Bank of America said it serves more than 69 million clients, has about 3,500 retail financial centers and about 15,000 ATMs, and has about 60 million verified digital users. The company also said it is the No. 1 small business lender in the United States, citing FDIC data.
The release did not say which projects will be financed first or how much of the total will be committed in each sector. It said the initiative will run through July 4, 2027.
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