A big part of the working capital that helps Vermont 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 $9 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 communities and families across the Green Mountain State.
- $8 billion in stocks and bonds that help finance business development and create new jobs
- $2 billion in real estate, loans and other investments
- $78 million in mortgage loans on farms, residential, and commercial property
Investing in Capital Improvements
Life insurers have invested more than $38 million in bonds with the state’s Municipal Bond Bank, which finances social and physical infrastructure for municipalities, the city of Burlington and more.
Investing in Education
Life insurers have invested more than $18 million in bonds for education in the state. This includes more than $12 million for school construction through Vermont Municipal Bond Bank, the Vermont Student Assistance Corporation and the University of Vermont & State Agricultural College.
Investing in Affordable Housing
Life insurers have invested more than $23 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 nearly $45 million in mortgages for lodging.
Investing in Retail
The industry has invested nearly $28 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.