Bank of America to Deploy $250 Billion for US Digital, Infrastructure Projects
The target includes loans and arranged transactions as the bank joins rivals backing infrastructure, power grid and data-center projects.
- On Wednesday, Bank of America announced a $250 billion 'Critical Infrastructure Finance Initiative' to deploy capital through July 4, 2027, supporting U.S. digital and infrastructure projects.
- Launched in honor of America's 250th anniversary, the initiative targets three sectors: digital infrastructure including data centers, energy and power systems with renewable generation, and core assets like transportation.
- "Meeting America's growing infrastructure needs requires mobilizing capital at scale," said Karen Fang, global head of infrastructure and sustainable finance at Bank of America; progress will be measured over an 18-month period.
- Recent commitments from Morgan Stanley and JPMorgan Chase, each pledging roughly $1.5 trillion, reflect an industry-wide trend addressing rising demand for data centers and energy grid upgrades.
- Co-President Jim DeMare stated the investments reflect confidence in the country's future, while the bank previously invested nearly $40 million in workforce-development partners supporting career readiness.
35 Articles
35 Articles
Bank of America commits $250 billion for US finance infrastructure
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 r…
Bank of America Commits $250 Billion to U.S. Infrastructure Investment
Bank of America has pledged to deploy $250 billion to support U.S. infrastructure, the latest big Wall Street bank to direct vast sums of private capital toward those projects. The bank on Aug. 11 announced its Critical Infrastructure Finance Initiative, saying it will provide lending, investments, capital markets services, and banking and advisory offerings to support a “new wave of infrastructure investment.” The financing will focus on three …
First Morgan Stanley, Now BofA To "Mobilize And Deploy" $250 Billion Into America's Infrastructure Supercycle
First Morgan Stanley, Now BofA To "Mobilize And Deploy" $250 Billion Into America's Infrastructure Supercycle Bank of America unveiled a massive 18-month initiative to mobilize and deploy $250 billion across critical US infrastructure, targeting the computing, energy, and industrial systems needed to support artificial intelligence and accelerate the transition toward physical AI. The announcement comes just days after Morgan Stanley launched it…
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