HARTFORD — CGB Green Liberty Notes LLC, a subsidiary of the Connecticut Green Bank, Thursday, Feb. 27 announced its 12th public offering of debt securities. Now in its fourth year, the crowdfunding campaign is made possible by Honeycomb Credit, an online marketplace for impact investing.
“Our raises over the past few years have been a tremendous success, and we’re proud to continue that momentum,” said Bryan Garcia, president and CEO of the Connecticut Green Bank. “This program bridges the gap between the climate investment marketplace and our local economy by allowing investors across the country, including the communities of our state, to directly support energy efficiency for Connecticut small businesses.”
Featuring a low minimum investment of just $100, a short one-year term, and an easy online purchase process, Green Liberty offerings were created to be accessible to nearly anyone who wants to invest.
In total, more than $3 million has been raised from Connecticut citizens and buyers from 40 states nationwide. Over 60% of original investments have been $1,000 or less, with more than half of the investors being Connecticut residents.
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.
Green Liberty Notes can be purchased at www.greenlibertynotes.com. The previous Green Liberty offering was the ninth consecutive offering to surpass its maximum raise amount.
Previous investors can now track all active Green Liberty Notes investments through the Honeycomb platform, which provides a centralized location for investors to access. Reinvesting is streamlined through the Honeycomb wallet, allowing investors from the ninth round of Green Liberty Notes to reinvest both principal and interest into the latest offering.
Additionally, investors who participated in the ninth round and choose to invest in this offering — whether by reinvesting or contributing a different amount — will receive an interest rate “boost” as a token of appreciation.
