Mitigation Banking Frequently Asked Questions
Learn more about mitigation banking and conservation bank credits.
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What is mitigation banking?
Mitigation banking unites sound environmental and economic practices to restore and enhance wetlands, streams, and other habitat resources.
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Who purchases mitigation bank credits?
Anyone, including developers, transportation agencies and single-family homeowners, who have applied to the appropriate regulatory agency responsible for wetland/stream or species permitting and provided adequate justification of a need to impact the natural resource in question.
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What are the benefits of utilizing mitigation or conservation bank credits?
- Mitigation Banks improve the time and cost of permit processing for both the regulator and project owner
- Mitigation Banks shift the responsibility and risk for successful restoration from the project owner to the mitigation banker.
- The mitigation bank assures appropriate financial and scientific resources are utilized to ensure the mitigation is successful. The perpetual maintenance of the bank’s environmental assets creates a higher level of success.
- Restoration in advance of development ensures a known economic, temporal, and environmental outcome for all project stakeholders.
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Do you only offer your services in Florida?
No, we offer our mitigation banking services throughout the U.S.