Bank of America (BofA) is launching a $250 billion initiative to finance a broad expansion of U.S. infrastructure, encompassing data centers, semiconductor facilities, power generation, and transportation projects.

The banking giant announced Wednesday that its Critical Infrastructure Finance Initiative will mobilize and deploy $250 billion through lending, 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. The push builds on a wave of federal legislation — including the Infrastructure Investment and Jobs Act, the CHIPS and Science Act, and the Inflation Reduction Act — that has channeled hundreds of billions of dollars into roads, bridges, broadband, domestic semiconductor manufacturing, and clean energy over the past several years. BofA said the initiative will focus on projects that strengthen energy security, technological leadership, and long-term economic growth.

"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 BofA Co-President Jim DeMare. "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."

The initiative will target three broad areas: digital infrastructure, energy and power infrastructure, and core infrastructure.

Digital projects may include data centers, computing hardware, chips, telecommunications, and semiconductors. Demand for data center capacity has surged alongside the rapid expansion of artificial intelligence, cloud computing, and large-language-model training, placing unprecedented strain on regional power grids and accelerating the need for new generation and transmission infrastructure. Energy investments can cover conventional and renewable power generation, energy storage, and distribution systems. Core infrastructure may encompass transportation, electric and energy transmission, grid optimization, water systems, critical minerals, and mining.

Bank of America said investments supported by the initiative could help create tens of thousands of jobs across 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 funding helped connect more than 90,000 people with employment opportunities and provided more than 290,000 people with access to training, education, and career-readiness programs.

Bank of America's Global Capital Solutions and Global Infrastructure & Sustainable Finance teams will lead the initiative, with support from all eight of the company's lines of business.

The $250 billion target will be measured based on eligible primary-market lending, investing, capital markets, and advisory transactions between Jan. 1, 2026, and July 4, 2027. The bank said it will use a methodology consistent with its $1.5 trillion, 10-year sustainable finance goal.