CHARLOTTE, NORTH CAROLINA / RankWire.AI / – Bank of America has initiated a $250 billion plan to finance vital infrastructure across the United States. Announced on August 12, this 18-month program will run from January 1, 2026, through July 4, 2027, emphasizing digital systems, energy and power, and core infrastructure sectors. The initiative also commemorates the 250th anniversary of the United States.
The $250 billion goal encompasses various types of financial activities rather than solely direct loans or investments. Bank of America will include eligible primary-market lending, investments, capital markets transactions, and advisory services in its total. In addition, the program offers banking and supply-chain solutions for qualifying projects. Funding can support both corporate and asset-level initiatives. The bank intends to collaborate across public and private markets as companies seek capital for large-scale infrastructure projects.
Digital infrastructure stands out as one of the three core categories of the initiative. Projects eligible for funding include data centers, computing hardware, chips, equipment, telecommunications networks, and semiconductor infrastructure. Energy initiatives may involve traditional and renewable power generation, energy storage, and distribution systems. Core infrastructure projects cover transportation, electric and energy transmission, grid improvements, water systems, critical minerals, and mining. The bank highlighted that these categories reflect the demand for computing capacity, energy, manufacturing, transportation, and diversified supply chains across the country.
Funding covers digital, energy, and core infrastructure sectors
According to Bank of America, the program will mobilize capital through its global markets platform, advisory services, and balance sheet. Leading this effort are its Global Capital Solutions and Global Infrastructure & Sustainable Finance teams. Support will come from all eight of the bank’s business units. Jim DeMare, co-president of Bank of America, connected the initiative to infrastructure that bolsters the economy, energy security, and technological progress. The bank anticipates that eligible transactions will contribute toward reaching the $250 billion target within the measurement period.
Community development and employment opportunities are also key goals of the program. Bank of America stated that infrastructure financing can generate jobs in construction, manufacturing, technology, and long-term operations. Projects such as data centers, power plants, transportation systems, and grid upgrades need workers during both construction and ongoing activity. The bank also promotes workforce development through partnerships with employers, nonprofit organizations, and community colleges. In 2025, it allocated nearly $40 million to over 730 workforce development partners across U.S. markets.
The program’s timeline extends to July 4, 2027
These workforce partners estimate that their programs connected more than 90,000 individuals with employment opportunities in 2025. They also reported providing access to training, education, and career-readiness programs for over 290,000 people. Bank of America clarified that 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 funding across interconnected sectors. She also serves as co-head of Global Capital Solutions.
Progress will be measured based on eligible activities completed during the 18-month period. The approach follows the methodology used for its existing $1.5 trillion, 10-year sustainable finance target. The new initiative specifically aims to support infrastructure development and modernization in the United States. Its July 4, 2027, deadline extends the program by a year beyond the country’s 250th anniversary. The bank stated that this financing effort seeks to promote infrastructure, economic growth, job creation, and community development nationwide.