The Environmental Finance Center (EFC) at the University of Maryland's Watershed Implementation Plan (WIP) Financing project was designed to expand the ability and capacity of local governments and communities to achieve water quality restoration goals and priorities through more efficient stormwater financing. Specifically, through this project, the EFC worked with Anne Arundel County as one of three pilot communities on a four-phased process to assess and expand capacity to finance stormwater activities in a way that maximized environmental, economic, and social return on investment.
The EFC's work focused on three phases:
- identifying the economic and social benefits associated with implementing local WIPs;
- assessing capacity “gaps” in stormwater financing and revenue generation; and,
- identifying opportunities for expanding local institutional capacity necessary to achieve desired environmental outcomes.
Please see the stormwater financing case study below, or visit EFC's website for more information, including access to the full project report.
