CGB Green Liberty Notes LLC, part of the Connecticut Green Bank, has announced its seventh Green Liberty offering. The security is issued under Reg CF and sold on the Raise Green platform.
The offering allows individuals to participate for just $100 to support small businesses aiming to improve their energy efficiency and reduce energy costs.
Bryan Garcia, President and CEO of the Connecticut Green Bank, said they are pleased to see solid demand for these notes, adding that most investors are from Connecticut, their home state.
“Through our six offerings, we’ve raised $1.25 million, which helps small businesses lower their energy costs and allow our investors to earn a competitive return while combating climate change.”
The company reports that to date, 67% of investments have been $1,000 or less, with buyers from 35 states across the country.
Investments in the Green Liberty securities 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 state-level green bank claiming to have created more than 26,000 green jobs in the state,
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