Mitigation Bankers

Companies that establish mitigation banks in North Carolina work with DMS by selling compensatory-mitigation credits to the program. DMS purchases credits from banks through an Information For Bid (IFB) process: a one year on call contract with multiple mitigation banks across the state. Mitigation Banks submit projected credit releases for the contract year and set prices for DMS to purchase released credits. More information about mitigation banks can be found on the Division of Water Resources website.