 What is mitigation banking?
Mitigation banking allows the disparate interests of
government and private land ownership to achieve
a practical and sensible resolution of the differences
over environmentally sensitive lands through the use
of mitigation credits, which are issued as a result of
increased ecological value.
These credits, along with the acreage ratios to be
mitigated, are sets by the Water Management Districts
(WMD) and/or the U.S. Army Corps of Engineers (COE)
which oversee mitigation sites.
Both the credits and
ratios vary with type of mitigation endeavors implemented
(restoration, enhancement, creation
or preservation) and
the degree of improvement in ecologcal value expected
from each.
Because the private sector has etablished these
mitigation banks by unifying large, highly diversified,
sustainable ecological systems, only off-site mitigation
is appliable.
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 Who can use it?
Any and all private or public development
entities whose ecosensitive properties fall
under government regulations may participate
in a mitigation process.
Besides developers/builders, this could include
utilities, agribusiness, mining interest,
engineering firms or government agencies
such as the Department of
Transportation (DOT). |
What is mitigation banking and who can use it? 
