Florida Mitigation Bank System

The Florida Mitigation Bank System is a regulatory program that allows developers to offset environmental impacts, particularly to wetlands and waterways, by purchasing credits from approved mitigation banks. These banks create or restore natural habitats to replace those that are harmed elsewhere, ensuring ecological functions are maintained or improved. Managed by state agencies, this system streamlines environmental permitting, encourages sustainable habitat preservation, and promotes responsible development by ensuring environmental impacts are balanced with conservation efforts.