Here is a simple description of how mitigation banking works.
Suppose you have tracts of land that meet the criteria for being a mitigation bank, and the credit value of the land has been determined. In our example, Entity A has a development site, with a determined debit amount, in your locality, you can sell your credits to the developer, thus generating revenue from your land.
If you are a landowner, mitigation banking has tremendous potential for revenue generation while also responsible for protecting your land. What’s more, you can combine your mitigation credits (such as wetlands, stream, and nutrient credits) with the tax advantages created by a conservation easement to generate more revenue.
In his book, Stephen J. Small, the architect of the original conservation easement, maintains that there are other ways of exploiting the untapped natural values and natural assets inherent in your land.
Let Conservation Plus show you how to unlock the value laying dormant in your land, trees, and water.