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The Wetland Mitigation Banking Program (WMBP) is a competitive grants program that supports the development and establishment of wetland mitigation banks to make credits available for agricultural producers.
A mitigation bank is a site where wetlands and/ or other aquatic resources are restored, created, enhanced, or in exceptional circumstances, preserved expressly for the purpose of providing compensatory mitigation in advance of authorized impacts to similar resources.
A mitigation bank is a wetland, stream, or other aquatic resource area that has been restored, established, enhanced, or (in certain circumstances) preserved for the purpose of providing compensation for unavoidable impacts to aquatic resources permitted under Section 404 or a similar state or local wetland regulation. 1 A mitigation bank may ...
A wetland mitigation bank is a wetland area that has been restored and protected to provide compensation for impacts to wetlands.
EGLE has developed a mitigation banking program in Michigan to meet several goals. Mitigation banking may benefit a wetland permit applicant by reducing permit processing time and costs, and by increasing certainty regarding the availability of adequate mitigation sites.
A mitigation bank is a wetland, stream, or other aquatic resource area that has been restored, established, enhanced, or (in certain circumstances) preserved for the purpose of providing compensation for unavoidable impacts to aquatic resources permitted under Section 404 or a similar state or local wetland regulation. 1 A mitigation bank may ...
Mitigation banking is a way to offset the ecological loss of a development project by compensating for the preservation and restoration of a different area. Typically, mitigation banks include...
Mitigation banking is a market-based system of debits and credits (used primarily in the United States as part of its "no net loss" policy) that involves restoration, creation, or enhancement of wetlands to compensate for unavoidable impacts to a wetland in another location. [1]
About the Wetland Mitigation Banking Program. The WMBP helps agricultural producers comply with wetland conservation provisions and conserve ecologically important wetlands by allowing for off-site mitigation through the purchase of credits from wetland banks established and run by local partners.
A mitigation bank is typically used to offset wetland losses associated with several permits, rather than a single project. Q: I own property which includes natural wetlands. Can these wetlands be placed in a mitigation bank? A: Usually, no. Wetland mitigation banks will generally consist of wetlands restored or created under a formal ...