HARTFORD — CGB Green Liberty Notes LLC, a subsidiary of the Connecticut Green Bank, Friday, May 23 announced the launch of its 13th offering. To date, more than $3.3 million has been raised from investors across 43 states.
More than 60% of original investments have been $1,000 or less, and the majority of investors are from Connecticut. The crowdfunding campaign is made possible in partnership with Honeycomb Credit, an online marketplace that connects investors with impact-driven opportunities.
“Green Liberty Notes support our local economy by enabling investors from Connecticut and beyond to directly back energy efficiency for small businesses,” said Bryan Garcia, Connecticut Green Bank president and CEO. “We’re excited to continue with our 13th offering and invite investors to be part of a transformative effort that drives growth and resiliency within our communities.”
Green Liberty Notes are designed for accessibility, featuring a low $100 minimum investment, a one-year term, and a simple online purchase process. The previous Green Liberty offering, issued through the Connecticut Green Bank’s partnership with Honeycomb Credit, set a new record with more than 90 investments at or below $1,000.
Investments in the Green Liberty Notes offering support Eversource’s Small Business Energy Advantage (SBEA) program, which enables small businesses in Connecticut to lower their energy expenses through efficiency enhancements and interest-free loans. The benefits associated with the SBEA program have been reviewed and verified by Kestrel for their environmental impact.
