The Process of Establishing a Wetland Mitigation Bank
Starting a mitigation bank involves several key steps, beginning with land selection. Identifying a suitable site for a wetland mitigation bank can be challenging.
Key considerations include:
- A mix of uplands and wetlands
- Restoration potential, which may involve:
- Invasive species removal
- Pine thinning
- Restoring hydrology
- Fire suppression
Once a suitable site is identified, the next step is to prepare an application for submission to the U.S. Army Corps of Engineers (USACE) and/or State Agency. This application should include:
- A detailed mitigation plan for the property
- A service area map
- An outline of mitigation credits derived from any functional gains that may be achieved
These steps are crucial in establishing a successful mitigation bank.
If you own land and are exploring mitigation banking opportunities, The Mitigation Banking Group offers experienced guidance on site feasibility, permitting, and mitigation planning.
If you have any questions about mitigation credits or wetland permitting? Contact The Mitigation Banking Group to speak with our experts.
