CHARLOTTE, NORTH CAROLINA / RankWire.AI / – Bank of America has unveiled a $250 billion plan aimed at financing essential infrastructure projects throughout the United States. The 18-month initiative, announced on August 12, focuses on eligible activities from January 1, 2026, to July 4, 2027, and coincides with the 250th anniversary of the United States. The program emphasizes digital systems, energy and power, and critical infrastructure sectors.
This $250 billion goal encompasses a range of financial activities, not limited to direct loans or investments. Bank of America will include primary-market lending, investments, capital markets transactions, and advisory services in its count. Additionally, it offers banking and supply-chain solutions for qualifying projects, supporting both corporate and asset-level initiatives. The bank intends to collaborate across public and private markets as companies seek capital for major infrastructure projects.
Digital infrastructure is one of the initiative’s three primary categories. Eligible projects include data centers, computing hardware, chips, telecommunications networks, and semiconductor infrastructure. Energy-related projects can involve conventional and renewable power generation, energy storage, and distribution systems. Core infrastructure covers transportation, electric and energy transmission, grid enhancement, water systems, critical minerals, and mining. The bank noted these categories reflect the rising demand for computing capacity, energy, manufacturing, transportation, and diversified supply chains across the country.
Funding spans digital, energy, and critical infrastructure sectors
Bank of America stated that the program will mobilize capital via its global markets platform, advisory operations, and balance sheet. The effort will be led by its Global Capital Solutions and Global Infrastructure & Sustainable Finance teams. All eight of the bank’s business lines will support the initiative. Jim DeMare, co-president of Bank of America, connected the program to infrastructure that bolsters the economy, energy security, and technological progress. The bank anticipates eligible transactions will contribute toward reaching the $250 billion target during the program period.
Community development and employment are also central to the program’s goals. Bank of America highlighted that infrastructure financing can generate jobs in construction, manufacturing, technology, and ongoing operations. Projects like data centers, power facilities, transportation networks, and grid upgrades require workforce support during construction and long-term operations. The bank actively promotes workforce training through partnerships with employers, nonprofits, and community colleges, having invested nearly $40 million in over 730 workforce development partners across U.S. markets in 2025.
The program extends through July 4, 2027
In 2025, workforce partners reported helping over 90,000 individuals find employment and providing more than 290,000 people with access to training, education, and career programs. These figures are separate from the infrastructure financing goal. Karen Fang, the bank’s global head of infrastructure and sustainable finance, emphasized that large infrastructure projects require cross-sector funding. She also co-leads Global Capital Solutions.
Progress will be tracked based on eligible activities completed during the designated 18 months, following the methodology used for its existing $1.5 trillion, 10-year sustainable finance goal. The new initiative specifically targets infrastructure development and modernization efforts in the United States. Its deadline of July 4, 2027, extends beyond the country’s 250th anniversary, aiming to support infrastructure growth, economic expansion, job creation, and community development nationwide.