A big part of the working capital that helps North Dakota open its doors, invest in new projects and grow its workforce comes from long-term investments by life insurers. Our companies have invested $30 billion in North Dakota with agricultural loans, education bonds, retail mortgages and more. We are here to strengthen businesses and communities across the Peace Garden State.
- $27 billion in stocks and bonds that help finance business development and create new jobs
- $3 billion in real estate, loans and other investments
- $622 million in mortgage loans on farms, residential, and commercial property
Investing in Apartments/Multifamily
Life insurers have invested $175 million in apartment buildings and multifamily units, helping individuals and families call the Peace Garden State “home.”
Investing in Agriculture
Farmers in Ransom, Dickey, Sargent counties and others have received mortgage financing from life insurers, who have invested $175 million to help start and expand agricultural operations in the state.
Investing in Infrastructure
Life insurers have purchased bonds issued by the Basin Electric Power Cooperative totaling $125 million, helping 3 million consumers in North Dakota and eight other states get the power they need.
Investing in Affordable Housing
The North Dakota Housing Finance Authority, dedicated to making housing affordable for all North Dakotans, has raised $81 million through bonds purchased by life insurers.
Investing in Retail
Nearly a quarter of the jobs in the state are supported by the retail industry, says the National Retail Federation. Life insurers are part of this employment story, providing $66 million in retail mortgage loans.
Investing in Education
School districts in Kindred, Grand Forks, West Fargo and more have issued bonds purchased by life insurers. In all, life insurers have invested $49 million in education-based entities in the state.