Rudy Sturk,
Associate Director, Marketing & Communication Strategy
August 13, 2024
Nine consecutive raises have exceeded their maximums, more than $3.0 million has been raised cumulatively from investors in Connecticut and across the country
Hartford, CT (August 12, 2024) – CGB Green Liberty Notes LLC, a subsidiary of the Connecticut Green Bank, successfully closed their eleventh Green Liberty offering, surpassing its maximum raise amount for the ninth consecutive time. To allow for more investors to participate in this innovative and certified green investment opportunity, this was the fifth offering that featured an increased maximum raise limit of $350,000. This is the ninth consecutive offering to exceed the maximum. In total, more than $3.0 million has been raised from Connecticut citizens and nationwide investors in support of small businesses improving their energy efficiency and reducing their energy costs. The campaign is made possible in partnership with Raise Green, an award-winning online marketplace for impact investing.
Green Liberty Notes, which are offered quarterly, can be purchased through the Raise Green online platform without a broker, with a minimum investment of just $100. To date, more than 60% of original investments have been $1,000 or less, and more than half of the investors have been Connecticut residents. In total, individuals from 35 states have invested in 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. The Connecticut Green Bank and Amalgamated Bank (America’s largest B Corp bank) recently celebrated the purchase of more than $100M of SBEA loans, driving environmental benefits and economic growth in local restaurants, town halls, community organizations, and more.
As a result of the climate benefits associated with the SBEA program, this Green Liberty offering has been reviewed and designated a Green Bond by Kestrel, a leading provider of external reviews for green, social and sustainability bond transactions and a Climate Bonds Initiative Approved Verifier.
“We are proud of the success of the Green Liberty Notes which support small businesses all over Connecticut and give citizens across the country the opportunity to invest in the clean energy transition and to help in the fight against climate change. With only $100 required to participate, and with this program offered quarterly, the ability to invest in the green economy is now available to everyone!” said Bert Hunter, EVP and Chief Investment Officer of the Connecticut Green Bank. The next quarterly offering of Green Liberty Notes is being planned for October.
For more information about this investment opportunity, please visit invest.ctgreenbank.com.
