Advantages of Mitigation Credit Purchase

There are many benefits to purchasing mitigation credits Working with a mitigation bank saves time and money:  One of the benefits described in the Federal Guidance for the Establishment, Use and Operation of Mitigation Banks is that “Use of mitigation banks may reduce permit processing times and provide more cost-effective compensatory mitigation opportunities for projects that...
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What are Mitigation Bank Credits?

THE VALUE OF A MITIGATION BANK is defined in “compensatory mitigation credits”.  A certain number of credits are available for sale. Several in depth ecological assessment techniques certify that those credits provide the required ecological lift. In the United States, federal and state agencies (under section 404 of the Clean Water Act) require mitigation for the disturbance or...
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What is a Mitigation Bank?

WHEN A GOVERNMENT AGENCY, corporation, nonprofit organization, or other entity undertakes activities of unavoidable wetland impact a mitigation bank may be created under a formal agreement with a regulatory agency. The EPA defines a mitigation bank as: a wetland, stream, or other aquatic resource area that has been restored, established, enhanced, or (in certain circumstances) preserved for the...
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Costs and Benefits of Mitigation

WHEN A MITIGATION APPLICANT is seeking an off-site mitigation solution for an unavoidable and permitted wetland impact explores the costs and obligations for permittee-sponsored mitigation, the applicant discovers that the time, expense, and liability are daunting. Using a mitigation bank provides a turnkey solution that is typically much less costly than other options, and the liability issues...
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The Mitigation Banking Process

MITIGATION BANKS PROVIDE MANY BENEFITS compared to small permittee-responsible mitigation projects, the first of which is superior environmental restoration and protection. The benefits to the development application process are also abundant. Applicants must still engage in the sequencing process—avoid, minimize, and mitigate impacts—but if the impact is unavoidable, mitigation banks are now...
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