Bank of America announced on Wednesday its plan to invest $250 billion by July 2027 in U.S. digital and infrastructure initiatives. The bank states this effort will promote economic growth and generate tens of thousands of new jobs.
The bank said its “Critical Infrastructure Finance Initiative” was to celebrate the nation’s 250th anniversary and would provide primary market lending, investments, capital markets services, and banking and advisory offerings.
In a press release, Jim DeMare, Co-President, Bank of America told investors, “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, 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.”
Karen Fang, global head of infrastructure and sustainable finance at Bank of America said, “”Meeting America’s growing infrastructure needs requires mobilizing capital at scale across increasingly interconnected sectors. 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 pledge comes days after Morgan Stanley announced it would facilitate approximately $1.5 trillion in funding over the next decade for technology and infrastructure projects.
In 2025, Bank of America invested nearly $40 million in more than 730 workforce development partners, including employers, nonprofits, and community colleges across U.S. markets.
By CEO NA Editorial Staff
