A big part of the working capital that helps South Dakota open its doors, invest in new projects and grow its workforce comes from long-term investments by life insurers. Our companies have invested $20 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 businesses across the Mount Rushmore State.
- $16 billion in stocks and bonds that help finance business development and create new jobs
- $3 billion in real estate, loans and other investments
- $528 million in mortgage loans on farms, residential, and commercial property
Investing in Agriculture
Life insurers have invested $385 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 $134 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 nearly $100 in financing through bond offerings from Rapid City, Sioux Falls, Minnehaha County 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 Sioux Falls, Mitchell and Aberdeen, and in Butte County, life insurers have invested $11 million for industrial development.
Investing in Education
Life insurers have $24 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.