Bank of America pledges US$250bil in financing for US projects
The initiative targets digital infrastructure, energy and power through direct lending, investment, banking and advisory solutions.
Bank of America announced Wednesday that it plans to mobilize US$250 billion for critical U.S. infrastructure projects as the country celebrates its 250th anniversary. Jim DeMare, co-president of the bank, stated that the initiative, spanning an 18-month period from 2026 to July 4, 2027, will focus on digital infrastructure, energy and power, and other core sectors such as transportation and critical minerals.
The bank's push aims to drive growth, create jobs, and shape America's future. While Bank of America did not disclose the amount of funds already mobilized, the bank serves as an advisor to Related Digital's US$16 billion data center project in Michigan, which will be operated by Oracle. Karen Fang, Bank of America's global head of infrastructure and sustainable finance, explained that the financing for the Michigan project will be structured through 19-year bonds to attract investors and facilitate potential refinancing.
This announcement follows JPMorgan Chase's pledge in October 2025 to allocate US$1.5 trillion to promote U.S. critical industries.
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