A big part of the working capital that helps Pennsylvania 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 about $253 billion in Pennsylvania’s economy with agricultural loans, education bonds, residential and retail mortgages and more. We are here to strengthen communities and families across the Keystone State.
Investing in Apartments/ Multifamily
The industry has dedicated $3.5 billion in apartments/multifamily,
including $2.4 billion in Philadelphia and surrounding areas, $232
million in East Stroudsburg, and $67 million in State College, helping
individuals and families call the Keystone State “home.”
Investing in Residential
Life insurers have invested $1.1 billion in single-family mortgages in
the state, helping families in East Stroudsburg, York, New Castle and
Scranton call Pennsylvania “home.”
Investing in Retail
More than $2.7 billion in investments in retail mortgages throughout
the state help finance Pennsylvania’s shopping and merchandising.
Twenty-six percent of jobs in the state are supported by retail,
according to the National Retail Federation.
Investing in Education
Life insurers have invested more than $2.3 billion in bonds for
education. From financing for the School District of Philadelphia to the
University of Pittsburgh and Penn State, these bonds allow schools to
invest in safer buildings, enhance technology and ensure
Pennsylvania students have the tools they need to learn at their best.
Investing in Capital Improvements
With more than $1.7 billion invested in the Scranton Redevelopment
Authority, the Commonwealth Financing Authority, and the Delaware
Valley Regional Financing Authority, life insurers are helping cities and
towns throughout the Keystone State modernize.
Investing in Infrastructure
Life insurers have invested $1.8 billion to finance Pennsylvania ports,
transportation and clean water, including $1 billion for the
Pennsylvania State Turnpike, $37 million for the Allegheny County
Airport Authority and over $100 million for the Erie County Water
Authority.