- Home
- Government
- Departments
- Community Development
- Economic Development
- Why Farmington
- Community Business Strengths
Community Business Strengths
Farmington offers a strong, business driven environment built on proactive leadership and smart investments in infrastructure making it an ideal location for startups, expansions, and corporate relocations alike.
Home to more than 23,600 residents, Farmington has grown 3.3% since 2020 and continues to thrive as a vibrant, family friendly community. With a median age of 35.6 and a median household income nearly $118,500, the city boasts a dynamic demographic profile. Farmington residents have a labor participation rate of 77.6% which is well above national averages and further reinforces a stable and sustainable workforce pipeline.
Together, Farmington’s strategic location, modern infrastructure, collaborative governance, and strong community spirit create a place where businesses don’t just operate - they excel! This is a city designed to support growth, innovation, and long term success.
Click through the tabs below to explore just a few of the ways Farmington is leading the pack!
- Metro Accessibility: Located just south of the Twin Cities and minutes from Minneapolis St. Paul (MSP) International Airport and Interstate Highway 35, Farmington is well-positioned for regional logistics and commuter convenience. Highway 3 enhances freight routes as well as a great commuter connection for employee mobility. A few miles east of the city and you’ll find that Highway 52 connects you to our capital city to the north, St. Paul and Rochester, home of Mayo Clinic, to the south.
- Digital Capabilities: Hiawatha Broadband Communications (HBC) has deployed multi-gig fiber access across the city, offering speeds up to 10 Gbps and free park Wi‑Fi. Additional providers like Frontier and Metronet offer residents and businesses options, which further ensures reliable, high-speed business connectivity.
- Economic Development Authority (EDA): The city has an active EDA that works with local and regional bodies and supported by a dedicated levy of approximately $250,000/year to fund retention, expansion, and recruitment programs.
- Incentive Programs: Farmington works to offer business assistance to current and future businesses where there is a need and a gap. The city also offers and enjoys celebrating new and expanding businesses with groundbreaking and ribbon-cutting events complete with video production! This is all designed to spotlight your business and accelerate business success.
- State-Supported Credits: Businesses can also leverage Minnesota-wide tools that are offered by the State of Minnesota. City staff will work with businesses to identify any incentives and credits that might be available to them.
- Major Employers & Talent Base: Home to anchor employers like Farmington Public Schools (839 employees), the FAA (357), and Installed Building Solutions (500), the city provides a diverse talent pool. Farmington offers a public school education in primary and secondary grades; an alternative to public schools, Great Oaks Academy offers primary grade level education in the heart of downtown Farmington.
- Higher Education Opportunities: Dakota County Technical College (DCTC) and Inver Hills Community College actively collaborate with Farmington-area businesses through customized training and continuing education programs tailored to industry needs. These colleges deliver non-credit, on-site, online, and on-campus instruction, offer internship, apprenticeship, and workforce pipelines, and support high school engagement and early career recruitment
- Community Ethos: With a collaborative spirit, Farmington offers a family-oriented culture, engaged neighborhoods, expanding housing stock including market-rate multifamily, workforce townhomes, parks, trails, and amenities that enhance employee attraction and retention.