A big part of the working capital that helps New Jersey open its doors, invest in new projects and grow its workforce comes from long-term investments by life insurers. Our companies have invested $205 billion in New Jersey’s economy with agricultural loans, education bonds, residential and retail mortgages and more. We are here to strengthen businesses and communities across the Garden State.
- $151 billion in stocks and bonds that help finance business development and create new jobs
- $27 billion in real estate, loans and other investments
- $27 billion in mortgage loans on farms, residential, and commercial property
Investing in Apartments/Multifamily
With investments in mortgages for apartments/multifamily units in Newark, Jersey City, Camden, Trenton and more, life insurers are helping families throughout the state call the Garden State “home.” In all, life insurers have provided $9 billion in financing for these loans.
Investing in Retail
A quarter of the jobs in the state are supported by the retail industry, says the National Retail Federation. Life insurers play a role in this story. They help keep people working and businesses thriving as a result of nearly $4.6 billion in retail mortgages they have provided.
Investing in Education
Life insurers have invested nearly $1 billion in bonds for education in New Jersey. These investments provide for safer school buildings. They help the state enhance technology for students and staff and ensure students have the tools they need to learn at their best.
Investing in Infrastructure
Life insurers have invested nearly $3 billion in bonds to help build the state’s infrastructure. This includes funding for roads and ports in New Jersey, as well as for water treatment by the North Hudson Sewerage Authority and other utility projects in Cumberland, Morris and Middlesex counties.
Investing in Industry
With investments in Vineland, Jersey City, Princeton and more, life insurers help make the state a hub for manufacturing and industry. In all, life insurers have invested more than $4.1 billion in mortgages for Garden State industries.
Investing in Residential
Families in Atlantic City, Ocean City, Bridgeton and more are receiving help obtaining their single-family homes from life insurers, who invested more than $1 billion in residential mortgages in the state.