A big part of the working capital that helps South Dakota 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 $18 billion in South Dakota’s economy with agricultural loans, education bonds, and financing for health care, apartments/multifamily units and more. We are here to strengthen communities and families across the Mount Rushmore State.
Investing in Agriculture
Life insurers have invested $353 million in recent years in agricultural
loans in the Mount Rushmore State. From Rapid City to Watertown
and in farming communities throughout the state, these loans provide
the working capital farmers need to upgrade and purchase equipment,
expand their land and diversify their crops.
Investing in Healthcare
Life insurers have invested $129 million with the South Dakota Health
and Educational Facilities Authority, an organization with a mission to
enhance the health and education of citizens of the Mount Rushmore
state by providing healthcare, educational and other non-profit
institutions access to low-cost capital.
Investing in Capital Improvements
State agencies and municipalities throughout the state are regularly in
need of financing to upgrade parks, buildings and facilities. Life
insurers are consistently there to address their needs. They have
provided $91 million in financing through bond offerings from Rapid
City, Sioux Falls, and more.
Investing in Affordable Housing
Life insurers have invested nearly $50 million through the South
Dakota Housing Development Authority to provide decent, safe and
affordable housing to low and moderate-income South Dakotans.
Investing in Industry
In the cities of Mitchell and Aberdeen, and in Butte County, life
insurers have invested $3 million for industrial development.
Investing in Education
Life insurers have $22 million invested today in bonds for education in
South Dakota. These bonds allow school districts to invest in safer
buildings, keep up with and enhance technology for students and staff,
and ensure South Dakota students have the tools they need to learn
at their best.