Bank of America Pledges $250 Billion for US Infrastructure Over 1 Year
Updated
Updated · Bloomberg · Aug 12
Bank of America Pledges $250 Billion for US Infrastructure Over 1 Year
3 articles · Updated · Bloomberg · Aug 12
Summary
$250 billion will be deployed by Bank of America over the next year for critical US infrastructure, the bank said in a Wednesday statement.
The initiative targets data centers and compute power, renewable generation, energy storage, natural gas, electricity transmission, and critical minerals and mining.
Bank of America said the spending is meant to bolster energy security, create jobs, and improve US economic competitiveness.
The move adds Bank of America to a broader push by major banks to back infrastructure and innovation projects tied to rising power and computing demand.