Bank of America Pledges $250 Billion for U.S. Projects

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Written by Danny Levin, Deputy Editor for IIR News Intelligence (Sugar Land, Texas)

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Summary

Bank of America pledged to deploy $250 billion in financing and investment by July 2027 to support U.S. infrastructure projects, including data centers, energy and critical minerals, in addition to performing advisory services. This comes as other major banks and financial institutions have made similar pledges, which will facilitate capital through corporate balance-sheet lending and debt underwriting, among other institutional measures that do not involve customer funds.

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Bank of America's Pledge

Bank of America on Wednesday announced an initiative allocating $250 billion worth of financing and investment through July 4, 2027, for U.S. infrastructure projects--including data centers, power generation and transmission, and critical minerals, among other sectors. The initiative also includes advisory services.

The Critical Infrastructure Finance Initiative will target three categories, the company said:

• Digital infrastructure, which includes data centers and computing infrastructure--such as hardware, computer chips and equipment--semiconductors and telecommunications
• Energy and power infrastructure, including conventional and renewable power generation, and energy storage
• Core infrastructure, which applies to electric and energy transmission, grid optimization, and critical minerals and mining, among others

Industrial Info Resources data show more than $250 billion worth of active and planned projects across the sectors Bank of America pledged to support.

In a press release, Karen Fang, Global Head of Infrastructure & Sustainable Finance and Co-Head of Global Capital Solutions at Bank of America said these infrastructure projects require "mobilizing capital at scale across increasingly interconnected sectors."

Bringing together capital providers, developers, corporations and investors, "delivering these projects requires integrated financing solutions spanning corporate and project-level capital in both public and private markets."

This comes as other financial institutions also have announced funding to support U.S. infrastructure projects. Morgan Stanley on August 10 said it plans approximately $1.5 trillion over the next decade to support technology and infrastructure, including artificial intelligence (AI), semiconductors, pharmaceuticals and critical minerals. JPMorgan Chase last year highlighted its own 10-year, $1.5 trillion program aimed at supporting infrastructure, including $10 billion for direct equity and venture capital investments.

U.S. Infrastructure Projects

Following the completion of Bank of America's advisory services, data center developer Related Digital and investment firm Blackstone in April announced they secured $16 billion in financing for a 1-gigawatt (GW)-plus, three-building data center campus in Saline Township, Michigan. The campus is specifically designed for Oracle as part of Project Stargate, a massive network of AI data centers across the country. Site work began in July, and overall construction of the first building could wrap up next year; work on the subsequent buildings could follow. Industrial Info Resources offers more information in its Global Market Intelligence (GMI) Industrial Manufacturing Project Database, where readers can find details--including construction schedules, investment values and necessary equipment--in detailed project reports.

Meanwhile, Morgan Stanley advised Meta Platforms Incorporated on its $27 billion joint venture fund featuring Blue Owl Capital for the development and ownership of what would be Meta's largest data center: the 2-GW Hyperion data center campus in Richland Parish, Louisiana. Funds managed by Blue Owl Capital will own an 80% interest in the project, while Meta will retain the remaining 20% ownership while supervising construction. Readers can view a full list of projects related to the data center buildings and accompanying power infrastructure. Construction of the first three buildings is underway, with the projects expected to wrap up by the end of next year. Another potential six buildings could subsequently begin construction.

In critical minerals, J.P. Morgan was the sole financial advisor for U.S. rare earth giant MP Materials' $1 billion debt financing package to build a rare-earth mining and magnet-manufacturing supply chain backed by the Department of Defense. Related projects include a new rare-earth magnet complex in Northlake, Texas and the expansion of separation capabilities at the only operational commercial-scale rare-earth mining and processing facility in the U.S., in Mountain Pass, California. The GMI Metals & Minerals Project and Plant databases offer view more information on the Northlake and Mountain Pass projects, and related plant profiles.

Earlier this year, J.P. Morgan announced a $75 million investment into Perpetua Resources, which hosts the U.S.' only reserve of antimony capable of meeting U.S. defense requirements for munitions. Perpetua is in the process of restoring/redeveloping that site (Stibnite in Yellow Pine, Idaho), and initial work began in October 2025. View the project report here.

View a full list of detailed reports for projects mentioned in this article and a full list of related plant profiles.

Key Takeaways

• Bank of America pledged $250 billion in financing and investment, as well as advisory services, for U.S. infrastructure projects.
• The initiative will run through July 4, 2027
• This includes data centers, semiconductors, energy and critical minerals, among other sectors.

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About Industrial Info Resources
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, Industrial Info Resources is tracking over 250,000 current and future projects worth $30.2 trillion (USD).