Natural Resources Conservation Service (NRCS) is announcing the availability of Wetland Mitigation Banking Program grant funds for the development and establishment of mitigation banks and banking opportunities solely for agricultural producers with wetlands subject to the wetland conservation compliance provisions of the Food Security Act of 1985 (as amended).
Donor Name: Natural Resources Conservation Service (NRCS)
State: All States
County: All Counties
Type of Grant: Grant
Deadline: 08/02/2024
Size of the Grant: $500,000 to $1 million
Grant Duration: 4 Years
Details:
Purchasing credits from a wetland mitigation bank provides a legal mechanism for agricultural producers to maintain their eligibility for USDA program benefits if they convert agricultural wetlands. A producer may offset the loss of wetland acres and functions resulting from conversion activity by restoring, enhancing, or creating wetland functions and values on a different site. Through a mitigation bank, producers can purchase offsetting wetland credits generated from previously drained (prior to 1985) wetlands that have been restored and approved for wetland mitigation.
WMBP supports establishing and developing wetland mitigation banks to create credits for USDA program participants. WMBP awardees work with the NRCS to develop a mitigation banking instrument that provides details for developing, establishing, and operating a mitigation banking program. Mitigation banking instruments are developed with technical oversight from national and state NRCS staff and are subject to NRCS approval.
Proposed projects must be performed in any of the 50 states, the District of Columbia, the Caribbean (Puerto Rico and the U.S. Virgin Islands), and the Pacific Islands (Guam, American Samoa, and the Commonwealth of the Northern Mariana Islands).
Funding Information
- The Federal funding agency expects to award approximately $7 million.
- The estimated funding floor for this opportunity is $100,000 and the estimated funding ceiling is $1 million.
Performance Period
Projects may be between 1 and 4 years in duration.
Eligibility Criteria
Eligibility for this opportunity is limited to the following entity types:
- City or township governments
- County governments
- For profit organizations other than small businesses
- Native American tribal governments (Federally recognized)
- Native American tribal organizations (other than Federally recognized tribal governments)
- Nonprofits having a 501(c)(3) status with the IRS (other than institutions of higher education)
- Nonprofits that do not have a 501(c)(3) status with the IRS (other than institutions of higher education)
- Private institutions of higher education
- Public and State-controlled institutions of higher education
- Small businesses
- Special district governments
- State governments
For more information, visit Grants.gov.
