The Chesapeake Bay Foundation (CBF) and multiple partners are expected to match a three-year $415,000 Conservation Innovation Grant from the U.S. Department of Agriculture. The program is intended to reduce farm runoff and enable municipalities to comply with stormwater pollution reduction requirements while returning profits to the program’s capital investors. The “pay for success” program could be a win-win-win for the environment and the economy, said CBF’s Pennsylvania executive director Harry Campbell.
“Farms get practices that reduce the amount of polluted runoff entering our rivers and streams,” he said. “Municipalities get credit toward their MS4 [Municipal Separate Storm Sewer System] requirements and save money doing it, and investors make a profit.”Read More