Connecticut subsidiary Green Bank launches second investment offering via Raise Green… | News
Hartford, Connecticut, April 14, 2022 (GLOBE NEWSWIRE) — CGB Green Liberty Notes LLC, a subsidiary of Connecticut Green Bank, proudly announces its second offering Green Liberty, a crowdfunding campaign launched in partnership with Raise Green, an organization social and environmental impact investment market. This offer builds on the success of a similar offer in January that allowed citizens to invest in the Green Bank’s mission to fight climate change with as little as $100.
“We were encouraged by the interest generated by our first Green Liberty offering, which reached 180% of our goal in one month,” said Bryan Garcia, President and CEO of Green Bank. “With lower investment minimums, more ordinary people are able to help us fight climate change and make their money work by supporting small business energy efficiency. Raise Green’s crowdfunding platform makes investing accessible to residents of Connecticut and across the country. In our first offering, we had investors representing 25 states, motivated to make a difference. Our second offer is a great way to mark Earth Month and celebrate the 52nd Earth Day.
Investments in the Green Liberty offering support Eversource’s Small Business Energy Advantage (SBEA) program, which helps Connecticut small businesses reduce energy costs through efficiency upgrades and zero-interest loans .
Due to the climate benefits associated with the SBEA program, the Green Liberty offering has been reviewed and verified for its environmental attributes by Kestrel Verifiers.
For more information on the investment opportunity, please visitinvest.ctgreenbank.com.
About Connecticut Green Bank
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 23,000 green energy jobs in the state, while reducing the burden of energy costs for more than 55,000 families, businesses and non-profits. The Green Bank’s vision is a planet protected by the love of humanity and its mission is to address climate change and provide all of society with a healthier and more prosperous future by increasing and accelerating the flow of private capital to markets that boost the green economy. This is accomplished by leveraging limited public resources to increase and mobilize private capital investment in Connecticut. In 2017, Connecticut Green Bank received the Innovations in American Government Award from the Harvard Kennedy School Ash Center for Democratic Governance and Innovation for its “Sparking the Green Bank Movement” project. To date, Green Bank has mobilized nearly $2.3 billion into the state’s green economy. This has reduced energy costs for thousands of families and businesses and reduced greenhouse gas emissions that cause climate change and worsen public health.
For more information about Connecticut Green Bank, please visit www.ctgreenbank.com
About Raise Green
Raise Green is the leading marketplace in the United States for inclusive, local impact investing in climate solutions. In the Raise Green Investor Marketplace, anyone (individuals and institutions) can invest in community-driven climate infrastructure and resilience projects across a diverse range of project scales and minimum investments. Raise Green gives solar developers the tools to reduce soft costs and easily access funding of up to $5 million per year. Investors can create quantifiable impacts in local communities, as well as receive financial returns if the project is successful.
Rudy Sturk Connecticut Green Bank (860) 259-1154 [email protected]
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