A big part of the working capital that helps Louisiana open its doors, invest in new projects and grow its workforce comes from long-term investments by life insurers. Our companies have invested $73 billion in Louisiana’s economy with agricultural loans, education bonds, residential and retail mortgages and more. We are here to strengthen businesses and communities across the Bayou State.
Investing in Infrastructure
The East Baton Rouge Sewerage Authority, the Louisiana Energy & Power Authority and the New Orleans Aviation Board are just a few of the infrastructure-based agencies that have issued bonds purchased by life insurers. In all, $267 million in industry infrastructure investments help keep the water clean, the power on, and the transportation system prepared to keep Louisiana moving forward in the future.
Investing in Agriculture
Farmers in East Carroll, La Salle, Franklin and Catahoula parishes and other locales throughout the state have received a total $162 million in agricultural mortgage loans.
Investing in Retail
Life insurers have provided $229 million for retail mortgages, helping make Louisiana a magnet for retail while also helping support 706,000 retail jobs. Put another way, 26 percent of jobs in Louisiana are supported by the retail industry.
Investing in Residential
Individuals and families in Morgan City, Hammond, Metairie, Lake Charles and throughout the state have received financing from life insurers for single-family homes. In all, life insurers have invested $125 million in residential mortgages in the state.
Investing in Education
The Tulane Educational Fund, Louisiana State University, as well as the Zachary Community School District No. 1 and Lafayette Parish School Board, have issued bonds purchased by life insurers. In all, life insurers have invested $117 million in these education-based entities and others, helping prepare Louisiana students for the future.
Investing in Industry
Life insurers support industrial development in the Bayou State. They have provided $61 million to industries in New Orleans, Lafayette, Baton Rouge and more throughout Louisiana.