The Idea Acceleration Spotlight is a new partnership between Silicon Bayou News (SBN) and LookFar, an idea acceleration company that partners with both startups and established businesses to execute game-changing ideas through their software development and business analysis expertise.
Magnolia Land Partners is developing critical wetland restoration projects in Louisiana through the sale of mitigation credits.
The startup is using a mechanism to develop thousands of acres of wetlands–990 secured acres in Louisiana to date–to help the underserved mitigation market in the state. As a for-profit company with non-profit goals, Magnolia hopes to help Louisiana get the attention it deserves and efficiently secure mitigation credits to sell to developers.
“Magnolia is one of only organizations that is fully focused on mitigation in Louisiana,” explains co-founder Mark Bernstein. There are currently 16 underserved mitigation areas in the state, and $80 billion in development projects slated for Southeast Louisiana alone.
Hear from Bernstein below: