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 City Council members. 

The EDA meets monthly on the fourth Monday of the month at 7:00 pm, City Hall Council Chambers.

The EDA’s mission is to improve the economic vitality of the City of Farmington and to enhance the overall quality of life by creating partnerships, fostering employment opportunities, promoting workforce housing and by expanding the tax base through development and redevelopment.