Mitigation Banks

Mitigation banks are environmental projects that create or restore wetlands, habitats, or ecosystems to compensate for environmental damage caused by development activities. When a developer impacts a natural area, they can purchase "credits" from a mitigation bank, which has already preserved or restored an equivalent natural space. This process helps ensure that, overall, the environment remains healthy by balancing ecological losses with gains. Mitigation banks aim to maintain biodiversity and promote sustainable development while meeting legal and regulatory requirements for environmental protection.