As much as the economic downturn hit hard the technology sector, it is one of the sectors expected to make a big comeback. Global spending in technological products as well as services will rise by the end of the current year to about 3.4 trillion dollars, a 4.6 percent rise. Such increases in expenditure and the obvious proliferation of such new platforms as cloud computing, WiFi, Social Networks and virtualization is expected to aid in the driving the economic recovery realm, while creating employment opportunities.

The usual case of job creation goes hand in hand with expenditures in terms of computers, software and equipment. Thus, Bank of America has endeavored to help its clients grow industries catalyzing growth in the economy, with some of the solutions ranging from capital raising, advisory, research capabilities, trading and sales among others.

This has seen Bank of America offer advice to transactions hitting about 9 million dollars, while acting as buy-side in terms of finances to different companies like the global leader in technology, Hewlett-Packard and other companies dealing with distribution of electronic products, video products manufacturing such as Avnet and Harmonic.

The Bank of America is also at the helm of debt and equity offerings as well as a number of IPOs. In fact, as technological companies continue to find growth opportunities while improving the markets, the momentum is deemed to continue with some crucial transactions expected.

Companies are also seeking ways of being efficient while soaring their focus on aspects of energy conservation while making sure environmental impacts are reduced. The Bank of America is at the heart of financing companies and projects within its 20 billion dollar ten year initiative in environment. While such projects have been determined to lower costs, they also mean creation of new jobs and skills as industries emerge.

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