With More than $3 Million Already Raised from the Crowd, New Opportunities for Connecticut Residents to Invest Directly in Projects that Confront Climate Change are on the Horizon
On the back of the Connecticut Green Bank’s 16th Green Liberty Notes offering going live on Honeycomb Credit’s platform, both organizations announce a new agreement that increases future opportunities for participation in the green economy by residents.
HARTFORD, Conn. (April 14, 2024) – The Connecticut Green Bank, the nation’s first state-level green bank, and Honeycomb Credit, the nation’s leading debt-based crowdfunding platform, today announced a new agreement that continues their successful partnership and opens the door for future expansion that will allow more Connecticut residents to participate in the green economy. The announcement comes as the Green Bank’s sixteenth Green Liberty Note offering opens in celebration of Earth Month, allowing investors to support a series of offerings that has already raised more than $3 million for Connecticut’s green economy. More than half of all investors have been Connecticut residents, and more than 60% of investments have been $1,000 or less.
“The Connecticut Green Bank has always believed that confronting climate change requires public participation,” said Bryan Garcia, President and CEO, Connecticut Green Bank. “This agreement strengthens our ability to mobilize investment from Connecticut’s residents directly into projects that benefit our communities, including reducing energy costs and creating jobs. We’re not just building a greener Connecticut – we’re building a coalition of climate investors at the local level to help get us there.”
A Foundation Fifteen Raises in the Making
The announcement builds on one of the most successful community investment programs in the country and demonstrates that everyday investors – not just institutional ones – will show up for climate. To date, the Green Liberty Notes offerings have all supported Eversource’s Small Business Energy Advantage (SBEA) program, which enables the state’s small businesses to reduce their energy costs through efficiency upgrades and zero-interest on bill financing. SBEA offers a no-cost, no-obligation energy assessment to small businesses, providing a one-stop service that combines easy access to energy efficiency measures as well as incentives and payment plans.
Now, given the infrastructure, investor community, and institutional trust built across 15 successful raises, the Green Bank and Honeycomb Credit are making plans to go further by funding specific projects in Connecticut communities with more direct support from the residents those projects will serve.
“Honeycomb was built on the idea that communities should have a stake in what gets built around them,” said Jackie Logan, Director of Climate Finance at Honeycomb Credit. “Our partnership with the Connecticut Green Bank has proven that model works at scale. This agreement is about taking it further – connecting more Connecticut residents to more climate projects, and turning individual investors into a real force for the green economy.”
Projects on the Horizon
The new agreement opens the door to a range of project-specific investment opportunities currently under exploration, including distributed solar projects, electrification of school buses, and other clean energy and environmental infrastructure initiatives. Connecticut residents, and individuals all over the U.S. will be able to invest starting at $100, completing the process in minutes on desktop or mobile.
The Connecticut Green Bank is emerging as a nexus for community climate investment – a platform where residents, foundations, and institutions can come together around a shared stake in Connecticut’s green future. Together, the two organizations are building what they believe can become a model coalition of climate project investors: one community, one offering, one project at a time.
Green Liberty Notes Round 16 Now Available
While working toward these specific project raises, the Green Bank will continue to offer quarterly Green Liberty Notes through the Honeycomb Credit platform. A Note celebrating Earth Month is now open, and as with the prior raises, investors can participate with as little as $100. To learn more, please visit www.greenlibertynotes.com.
About Honeycomb Credit
Honeycomb Credit is a Pittsburgh-based financial technology company and SEC/FINRA-registered Funding Portal, founded in 2018. The nation’s leading platform for debt-based Regulation Crowdfunding, Honeycomb has facilitated over $50 million in community-backed capital for more than 600 businesses and projects across the country. In 2025, Honeycomb integrated Raise Green to accelerate its climate finance strategy. Learn more at honeycombcredit.com.