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Demand to invest in Green Liberty Notes offered with as little as $100 through Raise Green’s award-winning online platform surpasses $368,000
Hartford, CT (February 10, 2023) – CGB Green Liberty Notes LLC, a subsidiary of the Connecticut Green Bank, announces the closing of their fifth Green Liberty offering, which far-exceeded the maximum raise amount of $250,000 in less than one week (total investment demand surpassed $368,000). The crowdfunding campaign has been made possible in partnership with Raise Green, an award-winning online marketplace for impact investing. In total, more than $1 million has been raised from Connecticut residents and citizens nationwide who are able to invest as little as $100 to support small businesses improving their energy efficiency and reducing energy costs.
“We are pleased to see increasing demand for these offerings. This is the third consecutive offering that has sold out, and this one was over-subscribed by more than $100,000,” said Bryan Garcia, President and CEO of the Green Bank. “We were also encouraged by the continued show of support from previous investors, and an influx of new investors wanting to earn a competitive return while helping confront climate change through energy efficiency assistance to small businesses.”
Notes are easy to purchase through an online platform without a broker, with $100 minimums. For this latest offering, more than 60% of accepted investments were $1,000 or less, and more than 60% of the investors have been Connecticut residents.
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.