Bank of America said on Wednesday it plans to deploy $250 billion by July 2027 to support U.S. digital and infrastructure projects. The bank said this move would boost economic growth, and help create tens of thousands of jobs.
The bank said its “Critical Infrastructure Finance Initiative” will provide primary market lending, investments, capital markets services, and banking and advisory offerings.
There are three areas Bank of America would reportedly target — digital infrastructure, including data centers and computing; energy and power infrastructure, including renewable generation and energy storage; and core infrastructure including transportation and natural gas.
“Meeting America’s growing infrastructure needs requires mobilizing capital at scale across increasingly interconnected sectors,” said Karen Fang, global head of infrastructure and sustainable finance at Bank of America.
READ: Bank of America to hire 4,000 new recruits despite AI expansion (June 4, 2026)
“Delivering these projects requires integrated financing solutions spanning corporate and project-level capital in both public and private markets.”
The bank said the $250 billion target will be measured over an 18-month period from January 1, 2026, to July 4, 2027.
“If we all do our job right, we should be deploying more capital,” said Fang, who is also co-head of global capital solutions at BofA, when asked about potential deployment of more capital after July 2027.
“We are proud of our long history supporting the American economy. As America marks its 250th year, this initiative reflects our confidence in the country’s future and the investments that will shape it,” said BofA Co-President Jim DeMare. “The infrastructure that powers our economy, strengthens our energy security and secures our technological leadership will drive growth, create jobs and define America’s next chapter.”
READ: Bank of America posts strong 2026 earnings, beats expectations (April 15, 2026)
Bank of America recently reported second-quarter net income of $9.1 billion, up 27% from a year earlier, driven by record equities trading revenue and a rebound in investment banking fees.
The initiative also comes as other major U.S. banks have announced similar programs, according to Reuters. Morgan Stanley said it is deploying around $1.5 trillion over the coming decade toward technology and infrastructure financing. Last year, JPMorgan Chase unveiled a $1.5 trillion program aimed at industries central to U.S. national security and economic resilience, including defense, energy, and advanced manufacturing.
The $250 billion target will be measured based on eligible primary-market lending, investing, capital markets and advisory transactions between Jan. 1, 2026, and July 4, 2027. The bank said it will use a methodology consistent with its $1.5 trillion, 10-year sustainable finance goal.