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 efficiency upgrades
Hartford, CT (June 27, 2023) – CGB Green Liberty Notes LLC, a subsidiary of the Connecticut Green Bank, proudly launches its seventh Green Liberty offering today. The crowdfunding campaign is made possible in partnership with Raise Green, an award-winning online marketplace for impact investing. Through this offering, Connecticut residents and citizens nationwide can invest as little as $100 to support small businesses in improving their energy efficiency and reducing energy costs.
“We are pleased to see demand for these offers increasing, as shown by our new and continuing investors, most of whom are from our home state of Connecticut. Through our six offerings, we’ve raised $1.25 million, which help small businesses lower their energy costs and allow our investors to earn a competitive return while combating climate change,” said Bryan Garcia, President and CEO of the Connecticut Green Bank.
Notes may be purchased through the online platform without a broker, with a $100 minimum. The previous Green Liberty offering was the fourth consecutive offer to surpass its maximum raised amount, so interested investors are encouraged to act quickly. To date, 67% of investments have been $1,000 or less, with buyers from 35 states nationwide, and more than half of the investors have been Connecticut residents.
Investors from the third round of Green Liberty Notes in July 2022 can reinvest their principal and interest in this latest offering. Anyone who invested in the third 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.
For more information about the investment opportunity, please visit invest.ctgreenbank.com.