A big part of the working capital that helps Massachusetts open its doors, invest in new projects and grow its workforce comes from long-term investments by life insurers. Our companies have invested $191 billion in Massachusetts’ economy with agricultural loans, education bonds, residential and retail mortgages and more. We are here to strengthen businesses and communities across the Bay State.
Investing in Education
Life Insurers have invested $1.5 billion in bonds for education in Massachusetts. These bonds allow schools in the state to invest in safer buildings, keep up with and enhance technology for students and staff, and ensure Bay State students have the tools they need to learn at their best.
Investing in Office Space
Life insurers have invested nearly $8 billion in and around Boston in mortgages for office space, fueling the city’s historic role as the center of business and commerce in New England.
Investing in Apartment/Multifamily
The industry has dedicated more than $4.8 billion to mortgage loans for apartment/multifamily homes throughout the state, including $91 million in Worcester and $7.5 million in Springfield, helping more individuals and families call the Commonwealth of Massachusetts home.
Investing in Retail
Life insurers have invested in $1.7 billion retail mortgages in the state – this includes $102 million in Springfield, $27 million in Barnstable, $15 million in Pittsfield, in addition to $1.3 billion in Boston.
Investing in Industry
Life insurers have invested $832 million in mortgage loans for Bay State industries, from large loans in Boston and nearby areas totaling $719 million, to mid-size loans totaling $75 million in Worcester, to smaller loans totaling $3.7 in Springfield.
Investing in Infrastructure
Life insurers have invested $1.2 billion to finance Bay State transportation and utilities, including $190 million for the Massachusetts Water Authority, $210 million for the Port Authority and nearly $865 million for state transportation agencies.