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

• The $250 billion will be deployed through lending, investments, capital markets and advisory transactions between January 1, 2026 and July 4, 2027
• Focus areas include data centers, semiconductor facilities, power generation (conventional and renewable), energy storage, transportation, and critical minerals
• Bank of America invested nearly $40 million in workforce development in 2025, helping connect more than 90,000 people with employment opportunities across 97 U.S. markets

Summary: Bank of America's $250B Infrastructure Initiative

Key Announcement:

Bank of America has launched a $250 billion Critical Infrastructure Finance Initiative to fund U.S. infrastructure development through lending, investments, capital markets, and advisory services. The 18-month program runs from January 1, 2026, through July 4, 2027, coinciding with America's 250th anniversary.

Investment Focus Areas:

The initiative targets three primary sectors:

• Digital Infrastructure: Data centers, semiconductors, telecommunications, and computing hardware
• Energy & Power: Conventional and renewable generation, energy storage, and distribution systems
• Core Infrastructure: Transportation, electric grid optimization, water systems, critical minerals, and mining

Strategic Rationale:

BofA Co-President Jim DeMare cited growing demand for computing power, electricity, manufacturing capacity, and diversified supply chains as key drivers. The initiative aims to strengthen U.S. energy security, technological leadership, and long-term economic growth.

Economic Impact:

The bank projects the investments will create tens of thousands of jobs across construction, manufacturing, technology, and infrastructure operations.

Workforce Development:

In 2025, Bank of America invested nearly $40 million in over 730 workforce-development partners across 97 U.S. markets, connecting approximately 90,000 people with employment opportunities and providing 290,000+ with training and career-readiness programs.

Implementation:

BofA's Global Capital Solutions and Global Infrastructure & Sustainable Finance teams will spearhead the effort, supported by all eight business lines. The measurement methodology aligns with the bank's existing $1.5 trillion, 10-year sustainable finance commitment.