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What is wetland mitigation banking?

The concept of wetland mitigation banking (banking) has been around since the ’70’s. Basically, mitigation banking creates an economic incentive for restoring, creating, enhancing and/or preserving wetlands.

Mitigation banks typically involve the consolidation of many small wetland mitigation projects into a larger, potentially more ecologically valuable site. Such consolidation encourages greater diversity of habitat and wetland functions. It also helps create more sustainable systems. Mitigation banks provide a greater likelihood of success, since the banks are up and running before unavoidable damage occurs to a wetland(s) at another site. With proper implementation, mitigation banking has the potential to increase ecological benefits, save money for project applicants, and improve efficiencies in application and permitting processes.

The wetland mitigation bank rule (WAC 173-700) identifies the criteria necessary for implementing an environmentally sound banking system in Washington State.

Where are banks located?

We have numerous banks across the state. Click on the map in the right hand column to see more details.

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Map of Mitigation Banks in Washington
Updated April 2013

 

NEW! - 02/08/13
Bank Credit Guide now available
 

BANKING RULE