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Bank of America launches $250B initiative to finance US infrastructure
foxbusiness.com • • business
Key Points:
- Bank of America is launching a $250 billion Critical Infrastructure Finance Initiative to support U.S. infrastructure projects over 18 months, ending July 4, 2027, focusing on data centers, semiconductor facilities, power generation, and transportation.
- The initiative aims to strengthen energy security, technological leadership, and long-term economic growth by investing in digital infrastructure, energy and power systems, and core infrastructure such as transportation and water systems.
- The bank expects the investments to create tens of thousands of jobs in construction, manufacturing, technology, and infrastructure operations, complementing its ongoing workforce-development efforts that have connected thousands to employment and training opportunities.
- Bank of America's Global Capital Solutions and Global Infrastructure & Sustainable Finance teams will lead the initiative, which aligns with the bank's broader $1.5 trillion, 10-year sustainable finance goal.
