Bank of America said on Wednesday it plans to deploy $250 billion through July next year to support U.S. digital and infrastructure projects, an initiative it says will bolster the country's economic growth and help create tens of thousands of jobs.
The Wall Street bank's "Critical Infrastructure Finance Initiative," launched on the heels of the nation's 250th anniversary celebrations, will include primary market lending, investments, capital markets services, and banking and advisory offerings.
The announcement underscores how major U.S. financial institutions are seeking to capitalize on a domestic boom in AI data centers, mining of critical minerals and modernization of the energy infrastructure.
It comes days after Morgan Stanley said it will facilitate roughly $1.5 trillion over the next decade to finance technology and infrastructure projects.
Bank of America's financial activities will span three categories: digital infrastructure such as data centers and computing, energy and power infrastructure that includes renewable power generation and energy storage, and core infrastructure such as transportation and natural gas.
"Meeting America's growing infrastructure needs requires mobilizing capital at scale across increasingly interconnected sectors," said Karen Fang, co-head of global capital solutions at Bank of America.
Also Read: India a strong long-term bet despite everything, says BofA India chief
"Delivering these projects requires integrated financing solutions spanning corporate and project-level capital in both public and private markets."
The amount will be based on eligible activity during an 18-month period from January 1, 2026, marking the start of America's 250th year, through July 4, 2027, the bank said.
