A big part of the working capital that helps Tennessee open its doors, invest in new projects and grow its workforce comes from long-term investments by life insurers. Our companies have invested $122 billion in Tennessee through mortgages for apartment buildings, retail and office space, industrial development and more. We are here to strengthen businesses and communities across the Volunteer State.
Investing in Apartments/Multifamily
In Nashville, Memphis, Davidson and other cities, life insurers have invested nearly $2 billion in mortgages for apartment buildings and multifamily units, helping families and individuals throughout the state call the Volunteer State “home.”
Investing in Industry
The state that gave birth to country music is also an industrial state strongly supported by life insurers. They have provided $1.2 billion in mortgage loans for industries in Athens and Monroe County, Clarksville, Chattanooga, Memphis and more.
Investing in Retail
By providing $1.2 billion in retail mortgage loans, life insurers play a role in boosting employment in Tennessee. The National Retail Federation says that 27 percent of jobs in the state are supported by the retail industry.
Investing in Office Space
With Tennessee’s economy growing, more office space is needed. And life insurers are there to help, providing $1.8 billion in mortgages in Nashville, Knoxville, Memphis, Dyersburg and more.
Investing in Education
Life insurers have purchased $513 million in bonds issued by education-based entities, including the Tennessee School Bond Authority and school districts in Wilson, Trenton, Williamson County and more.
Investing in Infrastructure
Life insurers have invested in the Metropolitan Nashville Airport Authority, the Knoxville Waste Water System, the Jackson Energy Authority and more, with bond purchases for a wide range of infrastructure needs exceeding $450 million.