Stormwater Financing Economic Impact Assessment: Anne Arundel County, MD; Baltimore, MD; Lynchburg, VA
The following report provides results of an economic impact study conducted by the Environmental Finance Center at the University of Maryland, College Park in partnership with the Business Economic and Outreach Network (BEACON) at Salisbury University. This study assessed the anticipated economic impact of urban stormwater management investments, focusing specifically on the local impact of practices required as part of the federally mandated Chesapeake Bay restoration effort. The study was conducted as part of a local stormwater financing project led by EFC with the support of the National Fish and Wildlife Foundation.
Our goal with this study was to inform local decision-making associated with financing and implementing stormwater restoration and protection efforts. By understanding the impacts associated with stormwater investments, our hope is that local communities will be better able to link water quality restoration programs and requirements with other community priorities, specifically economic development and growth. In addition, we sought to inform the public discourse associated with Chesapeake Bay restoration policies and regulations by highlighting the links between financing costs and desired community outcomes.
For more information, contact:
Dan Nees, Senior Research Associate