Economic Development Authority

The city's Economic Development Authority (EDA) promotes the retention and expansion of existing businesses while attracting new businesses to the community in order to promote a diversified tax base, job opportunities, and convenient shopping for residents. The EDA is comprised of five City Council members, who meet monthly on the third Monday at 6:15 p.m., at City Hall. In order to serve, you must be 18 years old, a U.S. citizen and a resident of Farmington. Visit the Boards and Commissions page for an application to serve. 

Mission Statement

Farmington is commerce friendly, responsive, and innovative in the realm of economic development. The Economic Development Authority’s mission is to position Farmington as one of Minnesota’s most desirable cities to open, grow and maintain a business.

Vision Statement

The Economic Development Authority’s vision is to improve the economic vitality of the City of Farmington and to enhance the overall quality of life by attracting and retaining businesses, creating partnerships, fostering employment opportunities, promoting workforce housing, business growth and expanding the tax base through development and redevelopment.

The EDA's Strategies

  • Business Retention and Expansion

  • Business Recruitment

  • Encourage revitalization and redevelopment

  • Manage EDA programs and projects

  • Be the voice of economic development in city government

EDA Strategic Plan 2019 - 2021

The EDA Strategic Plan serves several purposes:

  • The plan articulates the vision, mission and fundamental principles that guide decision making and actions for the EDA.
  • The plan provides a framework for identifying potential roles for the EDA, prioritizing use of resources and periodically reviewing the actions taken by the EDA.
  • The plan serves as a tool for communicating information about the EDA to the city council, city departments and advisory boards, partner organizations in the economic development community and Farmington residents and businesses.

EDA Strategic Plan

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