CHARLOTTE, NORTH CAROLINA / RankWire.AI / – Bank of America has announced a $250 billion plan aimed at funding essential infrastructure projects across the United States. This 18-month initiative was unveiled on August 12 and is set to run from January 1, 2026, through July 4, 2027. The program coincides with the 250th anniversary of the United States and emphasizes digital systems, energy and power, along with core infrastructure sectors.
The $250 billion goal encompasses a broad spectrum of financial activities, extending beyond just direct loans or investments. Eligible activities include primary-market lending, investments, capital markets transactions, and advisory services, all counting toward the total. Additionally, the initiative offers banking and supply-chain solutions for qualifying projects. Funding can be allocated at both corporate and asset levels, with the bank collaborating across public and private markets to meet the capital needs of large infrastructure initiatives.
Digital infrastructure is identified as one of the initiative’s three primary categories. Projects eligible for support include data centers, computing hardware, chips, equipment, telecommunications networks, and semiconductor infrastructure. Energy-related projects span conventional and renewable power generation, energy storage, and distribution systems. Core infrastructure covers transportation, electric and energy transmission, grid optimization, water systems, critical minerals, and mining. The bank states these sectors reflect increasing demand for computing capacity, energy, manufacturing, transportation, and diversified supply chains across the country.
Funding spans digital, energy, and core infrastructure sectors
The bank explained that the program will mobilize capital through its global markets platform, advisory operations, and balance sheet. The effort will be led by the Global Capital Solutions and Global Infrastructure & Sustainable Finance teams. All eight of the bank’s business lines will contribute to supporting the initiative. Jim DeMare, co-president of Bank of America, connected the program to infrastructure that underpins economic activity, energy security, and technological advancement. The bank anticipates that eligible transactions during the period will contribute toward the $250 billion target.
Community development and employment are also key priorities within the initiative’s framework. Bank of America highlighted that infrastructure financing can generate jobs in construction, manufacturing, technology, and long-term operations. Projects like data centers, power plants, transportation networks, and grid upgrades demand workforce presence during both construction and ongoing operations. The bank further supports workforce training through collaborations with employers, nonprofit organizations, and community colleges. In 2025 alone, nearly $40 million was allocated to over 730 workforce development partners across various U.S. markets.
The program is scheduled to conclude on July 4, 2027
Partners involved in workforce development reported that their initiatives helped connect more than 90,000 individuals with employment opportunities in 2025. They also facilitated training, education, and career-readiness programs reaching over 290,000 people. These figures are reported separately from the infrastructure financing goal. Karen Fang, the bank’s global head of infrastructure and sustainable finance, emphasized that large-scale infrastructure projects require cross-sector financing and also serves as co-head of Global Capital Solutions.
Progress will be assessed based on eligible activities completed during the 18-month timeframe, following the methodology used for the bank’s existing $1.5 trillion, 10-year sustainable finance goal. The initiative specifically targets infrastructure modernization and development in the United States. Its July 4, 2027 deadline extends beyond the country’s 250th anniversary, aiming to bolster infrastructure, economic growth, job creation, and community development nationwide.