Mitigation Information

Florida plans to increase wetland mitigation banks, and the Mitigation Banking Group is at the forefront of this exciting trend. Learn why more banks are crucial for balancing environmental preservation and economic growth

Fungible Assets Driving Mitigation Success and Innovation in Florida In Florida, where rapid development is a constant, the urgency to strike a balance between progress and environmental preservation is palpable. Environmental offsetting emerges as the solution, ensuring that for every detrimental environmental impact, a corresponding positive action restores balance elsewhere. As industries grow and landscapes change, fungible assets like mitigation credits become essential tools in this endeavor. Through ecosystem marketplaces like mitigation banking, fungible assets play a role

The National Environmental Banking Association (NEBA) has recently alerted senior government officials and industry that more than two years of persistent regulatory slow-downs and few Mitigation Banking Instrument (MBI) approvals by the U.S. Army Corps Mitigation Program has led to a significant backlog of projects without needed go-aheads to conserve, restore and protect. This graph displays the 419 Mitigation Banks currently awaiting approval by the Corps/IRTs across the various Districts. Some of these MBI’s have been pending for as much as

Clean Water Act in Florida The recent ruling by the U.S. Supreme Court in Sackett v. EPA has sparked concerns about the future of wetlands protection in Tampa Bay, Florida. This decision redefines the scope of protected wetlands under the Clean Water Act, with isolated wetlands now exempt from federal protection. We explore what this decision means for Florida’s environment and the stance of various stakeholders, drawing insights from the original article by Jack Prator from the Tampa Bay

National Wetland Inventory   Wetlands are vital resources for habitat and water quality. To protect them for future generations, the state and federal agencies requires people who plan to remove or add material to wetlands (or waterways) to get a permit. But how do we determine if a patch of land is a wetland? The National Wetlands Inventory (https://fwsprimary.wim.usgs.gov/wetlands/apps/wetlands-mapper/) is the best place to start for approximating where wetlands might be located. However, sometimes onsite assessment by a qualified wetland professional is

  In many ways, the mitigation banking industry is one of the first environmental markets, as well as one of the pioneers of offsetting and ecosystem valuation. Looking at how we have done it gives a foundation from where things will grow. As the oldest environmental market in the United States, our methods for environmental valuation is a good place to start that understanding.    We used to get rid of wetlands, what changed? Our understanding of the importance of

How much does it cost to Permit a Mitigation Bank?   The cost of permitting a mitigation bank can vary widely depending on several factors, including the size and complexity of the site, the scope of the proposed restoration activities, and the specific regulatory requirements that apply to the project. However, it is generally recognized that the cost of permitting a mitigation bank can be substantial! According to the USACE, the cost of developing a mitigation bank can range from $500,000.00-$5 Million, depending

About MitigationBankSearch.com   Have you just bought a property that you were hoping to build on and found that a wetland habitat is on the property? Is a regulatory agency telling you that you will have to calculate the impacts that your development will have on the wetland and that you will have to purchase mitigation credits for those impacts? Mitigation Banking Group simplifies the process, explaining the steps to take and help you purchase those mitigation credits from the right place. These steps