CGB Green Liberty Notes LLC, a subsidiary of the Connecticut Green Bank, has announced its fifth Green Liberty offering.
The securities are issued under Reg CF and are available to all investors for as little as $100. CGB Green Liberty NOtes has partnered with Raise Green to enable their impact securities offering.
Bryan Garcia, President and CEO of the Green Bank, said that their previous four securities offerings raised $800,000 – mostly from investors in Connecticut.
“The last two offerings were sold out and the number of investors across the country continues to grow. We are encouraging citizens to learn about the opportunity to make a difference and earn a competitive return on their money,” said Garcia.
According to a release, to date, 67% of the investments made have been $1,000 or less, and more than half of the investors have been Connecticut residents.
For this newest offering, the Green Bank is offering investors from the first round of Green Liberty Notes in January 2022 the opportunity to reinvest their principal and interest. This will include a slight increase in the interest rate.
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 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 energy jobs in the state while reducing the energy cost burden on over 66,000 families, businesses, and nonprofits.
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