In October 2011, the EFC was awarded a grant by the National Fish and Wildlife Foundation (NFWF) to implement a stormwater financing technical assistance project in three urban communities across the region. While the overarching goal of this effort was to expand the ability of local governments to achieve water quality restoration goals through more efficient stormwater financing, the project focused on three primary objectives:
This two-year project—completed in the fall of 2013—was implemented in three phases:
Economic Impact Assessment. Phase 1 of this project included the application of an economic impact assessment associated with achieving aspirational stormwater management goals in the three pilot communities. Though achieving stormwater restoration goals will obviously come with fiscal costs to communities, these investments will be made within a complex economic system and thereby become part of the economic engine that drives and sustains our way of life. Economic impact assessments, enabled through the application of sophisticated models, provide local leaders with an understanding of the role that these types of investments will have on their communities, the jobs supported through the investments, and the industry sectors and skill sets necessary for supporting stormwater investment activities. These types of studies are important for developing and implementing strategies to ensure that achieving environmental goals and measurable outcomes can be done symbiotically with economic and community development.
Final project reports were delivered to each of the communities in December 2013. These reports provided an assessment of the financing challenges within each community, the financing opportunities available for meeting those challenges, and the potential impact that investments in stormwater management will have on local job development.
National Fish and Wildlife Foundation