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.
About the Connecticut Green Bank
The Connecticut Green Bank was established by the Connecticut General Assembly in 2011 as the nation’s first green bank and has since supported the creation of more than 26,000 green jobs in the state, while reducing the energy cost burden on over 66,000 families, businesses, and nonprofits. The Green Bank’s vision is a planet protected by the love of humanity and its mission is to confront climate change by increasing and accelerating investment into Connecticut’s green economy to create more resilient, healthier, and equitable communities. This is accomplished by leveraging limited public resources to scale-up and mobilize private capital investment into Connecticut. In 2017, the Connecticut Green Bank received the Innovations in American Government Award from the Harvard Kennedy School Ash Center for Democratic Governance and innovation for their “Sparking the Green Bank Movement” entry. To date, the Green Bank has mobilized nearly $2.5 billion into the State’s green economy. This has reduced the energy costs for thousands of families and businesses, and reduced greenhouse gas emissions that cause climate change and worsen public health. For more information about the Connecticut Green Bank, please visit www.ctgreenbank.com
About Raise Green
Raise Green is the first marketplace in the U.S. for local and inclusive impact investment into climate solutions. On Raise Green’s investor marketplace, anyone (individuals and institutions) can invest in community-focused climate infrastructure and resilience projects across a varied range of project scales and minimum investments. Raise Green gives solar developers the tools to cut soft costs and easily access financing for up to $5M per year. Investors can create quantifiable impacts in local communities, as well as receive financial returns if the project is successful.
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For More Information, Contact:
Rudy Sturk (rudy.sturk@ctgreenbank.com)