In celebration of America’s 250th anniversary, Bank of America announced the Critical Infrastructure Finance Initiative to mobilize and deploy $250 billion to support U.S. infrastructure development through financing, investment and advisory solutions. The capital will be mobilized and deployed over 18 months, from America’s 250th year in 2026 through July 4, 2027. The company said the initiative reflects its commitment to financing digital, energy and power, and core infrastructure development and modernization to help fuel America’s next era of economic growth, innovation and competitiveness.

“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 Jim DeMare, co-president, Bank of America. “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.

Financial activity – including primary market lending, investing, capital markets, banking and advisory solutions – will span three broad infrastructure categories:

-Digital infrastructure, such as data centers and computing infrastructure (hardware, chips and equipment), telecommunications and semiconductors

-Energy and power infrastructure, such as conventional and renewable power generation and energy storage, as well as other energy distribution systems

-Core infrastructure, such as transportation, electric and energy transmission, grid optimization, water systems, critical minerals and mining, and other assets

“Meeting America’s growing infrastructure needs requires mobilizing capital at scale across increasingly interconnected sectors,” said Karen Fang, global head of infrastructure & sustainable finance and co-head of global capital solutions at Bank of America. “Delivering these projects requires integrated financing solutions spanning corporate and project-level capital in both public and private markets. By bringing together capital providers, developers, corporations and investors, we are focused on helping accelerate investment in infrastructure that drives economic growth and creates lasting value for communities.”

The effort will be led by Bank of America’s Global Capital Solutions (GCS) and Global Infrastructure & Sustainable Finance (GISFG) teams and is supported across all eight lines of business.