The Critical Infrastructure Finance Initiative aims to mobilize $250 billion in financing through July 4, 2027, and provide lending, investment, capital-markets services, and banking and advisory support for projects in both public and private markets.
Bank of America said in its announcement that the projects targeted by the initiative could include data centers and computing facilities, semiconductor and related hardware manufacturing, renewable and conventional power generation, energy storage, transportation, natural gas infrastructure, water systems and critical-mineral projects.
The announcement comes as the United States faces rapidly growing demand for electricity, computing capacity and industrial infrastructure, driven in part by the expansion of artificial intelligence. Bank of America said the initiative will focus on three broad areas: digital infrastructure, energy and power infrastructure, and core infrastructure.
The initiative has been unveiled as the nation celebrates its 250th anniversary, Bank of America said. It reflects the bank's commitment to supporting the country's long-term economic growth and infrastructure needs, according to the company.
Fang added that projects increasingly require financing solutions that combine corporate and project-level capital across public and private markets.
Fang indicated that demand could extend beyond the initiative's target.
“If we all do our job right, we should be deploying more capital,” Fang said when asked about the possibility of continued financing after July 2027.
Of the $1 billion Stanley Black & Decker plans to invest through 2028, roughly half will be dedicated to research and development aimed at creating next-generation tools and innovative solutions for trades professionals. The remaining $500 million will fund capital expenditures and other long-term investments designed to expand the company’s U.S. manufacturing footprint and support new product development.
The White House characterized the latest investments as part of the "Trump Effect," suggesting President Donald Trump and his administration have helped encourage companies to expand their investments in U.S. manufacturing.