The White House released a Presidential Memorandum that endorses private sector restoration banking strategies. In Presidential Memorandum: Mitigating Impacts on Natural Resources from Development and Encouraging Related Private Investment the President directs Federal agencies* to develop criteria for implementing habitat banking, 404 wetland compensation banking, and NRDA. According to the memo implementation is to be completed by November 2016.
Bluefield currently provides NDRA credits in the Lower Duwamish River and is evaluating opportunities to provide Section 404 credits in the same area.
* Federal Agencies Referenced: The Secretary of Defense, The Secretary of the Interior, The Secretary of Agriculture, The Administrator of the Environmental Protection Agency, The Administrator of the National Oceanic and Atmospheric Administration