Local Project Financing
As coastal restoration and renourishment projects get more expensive and federal funding becomes less reliable, coastal states and communities are providing a greater share of the bill to maintain their healthy and resilient coastlines. ASBPA seeks to empower coastal communities to generate their own funding for coastal projects and/or to provide local cost-shares for federal projects.
ASBPA will be providing research, sharing best practices and innovative project financing techniques, and developing a network of coastal professionals who are experienced in financing local projects. Our focus is in three areas:
- Advancing local funding solutions for beach and shoreline projects;
- Sharing information via surveys, white papers, and trainings;
- Supporting local advocacy for federal investment in coastal restoration and resilience.
Check out our new report: Local Funding for Coastal Projects: An Overview of Practices Policies and Considerations (pdf 548KB)
Advancing Local Funding
Local government officials are looking for ways to pay for long-term shoreline management projects and programs — how to create and structure the local funding streams, how to maximize state or federal dollars, and how to develop support for the funding plan in the community and in the political process. The ASBPA Local Funding Working Group is dedicated to helping local communities solve their beach and shoreline program funding problems by providing white papers, a funding toolkit, workshops and trainings to the ASBPA community.
Interested in joining this working group? Email Derek Brockbank.
Share your local funding story!
We are collecting information to help us better understand how local shoreline projects often rely on blended streams of funding — local taxes, grants, state cost-share programs, etc.
We will be developing toolkits, fact sheets and a network of professionals who are experienced in different local financing techniques.
Advocacy for Federal Investment in Our Coast
Healthy coasts are a wise federal investment. Healthy coastlines bring multiple returns on the investment made by the federal government. Including these multiple benefits in benefit-cost ratios (BCRs), as well as looking for cost efficiencies through collaboration, are critical to preserving our coasts. ASBPA advocates to ensure federal funding for coastal restoration, resilience and research is, at minimum, maintained at current annual levels, and a policy or commitment for long-term coastal funding has been introduced in Congress.
The best advocates for federal funding in coastal restoration are the communities and people who are managing projects on a day to day basis. ASBPA is eager to help you tell your story to federal decision-makers in Congress or in federal agencies. Reach out to Derek Brockbank if you will be in DC and would like help meeting with federal officials.