National Wetland Mitigation Banking Study. Commercial Wetland Mitigation CreditVentures: 1995 National Survey

摘要

This report uses the survey results, and information gathered in follow-upcontacts with District regulators and the sponsors of operating ventures, to organize and present information on the nationwide development of commercial credit ventures and credit trading within the 404 program. This information is provided in three parts. First, the report presents a summary review of the development of credit ventures nationwide using the information directly gathered in the IWR survey. The summary also discusses how the development of area-wide rules or guidance for commercial credit trading in certain parts of the country has affected the development of credit ventures. Second, the report identifies and provides an overview of those surveyed ventures that were in operation as of summer 1995. These ventures are classified and reviewed according to a taxonomy developed in a previous research effort for the National Wetland Mitigation Banking Study. This taxonomy helps to illustrate and facilitate discussion of the wide range of institutional forms and operating characteristics of operating credit ventures. Third, the reports provides case studies for six operating credit ventures which are representative of the different types of ventures defined by the venture taxonomy.