Stream Mitigation Banks
New regulations in Minnesota and Wisconsin require mitigating impacts on existing streams. Other Midwest states will soon have similar requirements. When existing streams are altered, the entity causing an unavoidable impact must offset the damage. Restoring a stream on your property might create the desired habitat and might offer a financial reward for its long-term maintenance and preservation.
What Are Stream Mitigation Banks?
Stream or wetland mitigation bank projects are restoration projects completed to a very high standard. Once proven to have met those standards, they can generate sellable credits on an open market. These projects are protected by a permanent conservation easement and will provide habitat and environmental benefits for future generations.
Creating a market for enhanced or restored streams attaches some monetary value to important ecosystem attributes. This systematic approach provides an efficient, market-based system that assigns sorely needed financial worth to complex functions like flood control, water quality protection, and wildlife habitat.
How It Works
Stream Mitigation Banks provide a reliable and efficient way to offset unavoidable impacts on streams and their habitats. MWI can help you comply with environmental regulations while supporting the restoration, creation, enhancement, and preservation of stream ecosystems on your property.
- Credit Availability: Contact us to inquire about the availability of mitigation credits for your specific project location and impact requirements.
- Credit Purchase: We can help you purchase the required mitigation credits from recognized regulatory organizations.
- Compliance Assurance: Our team helps you utilize the purchased credits to offset stream impacts, ensuring compliance with regulatory requirements.
- Project Design: Our team can complete an initial assessment of your property for mitigation bank potential, and if the concept moves forward, we can complete the construction plans to include permit approvals.
- Regulatory Permitting and Project Approval: Our team will complete and submit the regulatory documentation and design documents, including a prospectus for approval and the final Mitigation Banking Instrument (MBI) preparation.
- Construction Bidding and Oversight: We have a network of qualified dirt work and vegetation contractors with whom we have worked before. We can help manage the bidding process and oversee construction and maintenance activities to ensure the project is built to design specifications.
- Restoration and Monitoring: MWI oversees the implementation of your mitigation project, including restoration activities and long-term monitoring to ensure the success of the mitigation efforts.
Why Choose MWI?
Midwest Wetland Improvements partners with stream and wetland ecologists, hydrologists, and regulatory experts who deeply understand stream restoration and mitigation principles. We work closely with you and our partners to develop customized mitigation plans that meet specific project requirements and environmental obligations. We work toward the long-term success of all our mitigation projects, focusing on sustainable and resilient stream ecosystems.
Let’s Discuss Your Project
Ready to explore how Stream Mitigation Banks can support your project’s stream mitigation needs? Let us help you navigate the complexities of stream mitigation while contributing to the enhancement and preservation of our valuable stream ecosystems. Contact us today to discuss your specific requirements.
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