Jill Hall, US equity strategist at BofA, explains why the Russell 2000 is the best-performing benchmark. Bank of America (BofA) is launching a $250 billion initiative to finance a broad buildout of American infrastructure, including data centers, semiconductor facilities, power generation and transportation projects. The banking giant announced Wednesday that its Critical Infrastructure Financing Initiative will mobilize and deploy $250 billion through loans, investments, capital markets and advisory transactions over an 18-month period ending July 4, 2027. The effort comes as growing demand for computing power, electricity, manufacturing capacity and diversified supply chains drives infrastructure investment across the United States. BofA said the initiative will focus on projects that strengthen energy security, technological leadership and long-term economic growth. THE WORLD CUP HELPED DRIVE THE HIGHEST GROWTH IN CONSUMER SPENDING IN FOUR YEARS DURING JUNE, BANK OF AMERICA SAYS Bank of America is launching a $250 billion initiative to finance infrastructure projects in the United States spanning data centers, energy, semiconductors and transportation. (Nicolò Campo/LightRocket via Getty Images, File / Getty Images) “We are proud of our long history of supporting the American economy. As the United States celebrates its 250th anniversary, this initiative reflects our confidence in the country’s future and the investments that will shape it,” said BofA Co-Chairman Jim DeMare. “The infrastructure that powers our economy, strengthens our energy security, and ensures our technological leadership will drive growth, create jobs, and define America’s next chapter.” The initiative will focus on three broad areas: digital infrastructure, energy and electrical infrastructure, and core infrastructure. Digital projects can include data centers, computer hardware, chips, telecommunications and semiconductors. Energy investments can include conventional and renewable power generation, energy storage and distribution systems, while core infrastructure can include transportation, electrical and power transmission, network optimization, water systems, critical minerals and mining. BOFA CEO BRIAN MOYNIHAN DISMISSES RECESSION FEARS DESPITE WALL STREET FED’S HAWKEST FORECAST BofA’s initiative will focus on digital infrastructure, energy and electrical infrastructure, and core infrastructure. (Davis Turner/Getty Images, File / Getty Images) Bank of America said investments backed by the initiative could help create tens of thousands of jobs in construction, manufacturing, technology and infrastructure operations. The bank also highlighted its workforce development efforts. In 2025, Bank of America invested nearly $40 million in more than 730 workforce development partners across 97 U.S. markets. Those organizations estimate the financing helped connect more than 90,000 people to employment opportunities and provided more than 290,000 people with access to training, education and career readiness programs. Ticker Security Last Change Change % BAC BANK OF AMERICA CORP. 64.00 +0.14 +0.22% Bank of America’s Global Capital Solutions and Global Infrastructure & Sustainable Finance teams will lead the initiative, with support from the company’s eight business lines. business.CLICK HERE TO GET FOX BUSINESS ON THE GOThe $250 billion target will be measured based on eligible lending in the primary market, investments, capital markets and advisory transactions between Jan. 1, 2026 and July 4, 2027. The bank said it will use a methodology consistent with its 10-year sustainable finance target of $1.5 trillion.
