Mitigation Banks in Georgia

IN GEORGIA THERE ARE A TOTAL OF 170 MITIGATION BANKS:

•112 Active Banks which includes:
88 Commercial
19 GA Department of Transportation
1 Georgia Power Company
3 Single User
1 Combination (private & public)

•8 Sold Out Commercial Banks

•23 Sold Out “In-Lieu-Fee” Banks

•23 Pending Banks

•4 Suspended/Withdrawn Banks

SO EXACTLY HOW MUCH OF GEORGIA HAS BEEN RESTORED AND PROTECTED THROUGH MITIGATION BANKING?

•45,500+ acres of land protected in perpetuity

•265+ miles of stream restored and preserved

•21,300+ acres of wetland and upland buffer restored and preserved

•In addition, there are 23 mitigation bank projects pending approval. That’s an additional 13,500+ acres consisting of an additional 36+ miles of stream restoration and preservation and 7,000+ acres of wetland restoration and preservation to be accomplished in the next few years!

COMPARED TO OTHER CONSERVATION ACTIVITIES

•Georgia Department Of Natural Resources

The Georgia DNR owns 440,000 acres of protected lands.
Mitigation banking in Georgia is equivalent to 13.5% of DNR owned lands.

•Conservation Tax Credits

The Georgia Land Conservation Program funds and jointly administers the state’s Conservation Tax Credit Program in partnership with DNR and DOR.

Tax credits are available to donors of both fee-title lands and easement-restricted lands that are determined to have significant conservation values. Since 2007, the tax credit program has incentivized the protection of 164,265 acres through the certification of 413 conservation donations. In 2012, DNR certified 70 donations covering 48,131 acres.

MITIGATION BANKING IN GEORGIA IS EQUIVALENT TO 37.5% OF THE GEORGIA LAND CONSERVATION PROGRAM.

**In summary, mitigation banking in Georgia has achieved significant land conservation at essentially ZERO COST to taxpayers**