A big part of the working capital that helps Vermont open its doors, finance new projects and grow its workforce comes from long-term investments by life insurers. Our companies have invested $10 billion in Vermont’s economy through bond purchases for education and affordable housing, and mortgages for residential homes, retail and more. We are here to strengthen businesses and communities across the Green Mountain State.
Investing in Capital Improvements
Life insurers have invested more than $69 million in bonds with the state’s Municipal Bond Bank, which finances social and physical infrastructure for municipalities, school districts and public bodies; the state itself; the city of Burlington and more.
Investing in Education
Life insurers have invested more than $7 million in bonds for education in the state, providing funding for the Vermont Student Assistance Corporation, the University of Vermont & State Agricultural College, and Vermont Educational and Health Buildings Financial Agency.
Investing in Affordable Housing
Life insurers have invested $22 billion in bonds issued by the Vermont Housing Finance Agency, which finances and promotes affordable, safe and decent housing opportunities for low and moderate-income Vermonters.
Investing in Lodging
Life insurers have been helping the state’s tourism industry, investing $45 million in mortgages for lodging.
Investing in Retail
The industry has invested $30 million in mortgages for retail properties in Barre, Burlington and Bennington, among other places.
Investing in Residential
Life insurers have provided financing totaling more than $20 million for residential homes in towns and cities throughout the state.