A big part of the working capital that helps Wyoming 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 $12 billion in Wyoming’s economy with agricultural loans, education bonds, retail mortgages and more. We are here to strengthen communities and families across the Equality State.
Investing in Agriculture
Wyoming residents rarely link the life insurance business to livestock,
hay, barley, wheat, sugar beets and wool. But they should. Life
insurers strongly support agriculture in the state. With agricultural
mortgage loans totaling $64 million that have been issued to farmers
in Sheridan, Gillette, Casper, Riverton and more, life insurers are
aiding a major industry in the Equality State.
Investing in Retail
Mining, tourism and agriculture power Wyoming’s economy. But retail
plays an essential role as well. It accounts for 22 percent of jobs in the
state, according to the National Retail Federation. And life insurer
investments totaling $29 million in retail mortgages in the state support
many of these 96,600 jobs.
Investing in Residential
Life insurers have provided financing totaling $18 million for residential
homes in towns and cities throughout the state.
Investing in Affordable Housing
Life insurers have purchased bonds totaling $37 million issued by the
Wyoming Community Development Authority (WCDA), which “has
been making it easier for people across Wyoming to finance their first
home.” WCDA provides “low-interest single family mortgages and
education to help our customers buy and retain their homes.”
Investing in Lodging
Life insurers have been helping the state’s tourism industry, investing
nearly $115 million in mortgages for lodging in and around Jackson.
Investing in Industry
Life insurers have provided industrial mortgage loans to businesses in
Rock Springs and Casper totaling $15 million.