A big part of the working capital that helps Vermont open its doors to families, invest in new projects and grow its workforce comes from long-term investments by life insurers. Our companies have invested more than $10 billion in Vermont’s economy through bond purchases for education and affordable housing, and mortgages for residential homes, retail and more. We are here to strengthen communities and families across the Green Mountain State.
- $8 billion in stocks and bonds that help finance business development and create new jobs
- $2 billion in real estate, loans and other investments
- $90 million in mortgage loans on farms, residential, and commercial property
Investing in Capital Improvements
Life insurers have invested $26 million in bonds with the state’s
Municipal Bond Bank, which finances social and physical
infrastructure for municipalities, the city of Burlington and more.
Investing in Education
Life insurers have invested $4 million in bonds for education in the
state. This includes $3 million for the University of Vermont, and nearly
$2 million for the Vermont Student Assistance Corporation that helps
Vermonters achieve their education and training goals after high
school.
Investing in Affordable Housing
Life insurers have invested $25 million in bonds issued by the Vermont
Housing Finance Agency, which finances and promotes affordable,
safe and decent housing opportunities for low and moderate-income
Vermonters.
Investing in Industry
Life insurers have invested $34 million in Vermont for industrial
development in towns and cities throughout the state.
Investing in Retail
The industry has invested $22 million in mortgages for retail properties
in Barre, Burlington and Bennington, among other places.
Investing in Residential
Life insurers have provided financing totaling more than $28 million for
residential homes in Burlington, Lebanon, Barre, Brattleboro, Rutland
and other parts of the state.