Bank of America launched a $250 billion initiative on Wednesday to finance U.S. infrastructure development through lending, investments, capital markets activity, and advisory services over an 18-month period ending July 4, 2027. The Critical Infrastructure Finance Initiative will target three broad categories, the company said: digital infrastructure, spanning data centers, computing hardware, chips, telecommunications, and semiconductors; energy and power infrastructure, covering both conventional and renewable generation alongside storage and distribution; and core infrastructure, encompassing transportation, grid optimization, water systems, critical minerals, and mining. Bank of America's Global Capital Solutions and Global Infrastructure and Sustainable Finance teams will oversee the effort, drawing on all eight of the company's lines of business. Karen Fang, Bank of America's global head of infrastructure and sustainable finance and co-head of global capital solutions, said in a statement that delivering infrastructure projects "requires integrated financing solutions spanning corporate and project-level capital in both public and private markets." Bank of America said the initiative has the potential to generate tens of thousands of positions spanning construction, manufacturing, technology, and the broader infrastructure workforce.