Connecticut Green Bank Opens Sixth Investment Offering for Citizens to Support Small Business Energy Efficiency Upgrades

Through Raise Green’s award-winning online platform, anyone can invest as low as $100 to help combat climate change and support small business energy upgrades in Connecticut

 

Hartford, CT (April 18, 2023) – CGB Green Liberty Notes LLC, a subsidiary of the Connecticut Green Bank, proudly launches its sixth Green Liberty offering today. The crowdfunding campaign is made possible in partnership with Raise Green, an award-winning online marketplace for impact investing. Connecticut residents and citizens nationwide can invest as little as $100 to support small businesses improving their energy efficiency and reducing energy costs through this offering.

“We’re encouraged to see the demand for Green Liberty Notes increasing, with the last three offerings selling out and most of the investors being from our home state in Connecticut. So far, through our five offerings, we’ve raised more than $1 million, which will be used to support small businesses in the state as they look to make energy efficiency upgrades, reduce energy costs, and help address the harmful impacts of climate change,” said Bryan Garcia, President and CEO of the Connecticut Green Bank.

Notes are easy to purchase through an online platform without a broker, with a $100 minimum. The previous offering reached and surpassed its maximum raise in less than a week, so interested investors are encouraged to act quickly.  To date, 67% of the investments have been $1,000 or less, and more than half of the investors have been Connecticut residents.

Investors from the second round of Green Liberty Notes in April 2022 can reinvest their principal and interest in this latest offering. Anyone who invested in the second round and invests in this offering, either by reinvesting their principal and interest or by investing a different amount, will receive an interest rate increase as a thank-you for their early support of the Green Liberty Notes.

Investments in the Green Liberty offering support Eversource’s Small Business Energy Advantage (SBEA) program, which enables small businesses in Connecticut to reduce their energy costs through efficiency upgrades and zero-interest loans.

As a result of the climate benefits associated with the SBEA program, this Green Liberty offering has been reviewed and verified for its environmental attributes by Kestrel Verifiers.

For more information about the investment opportunity, please visit invest.ctgreenbank.com.