The Town of Dumfries is considering forming its own Economic Development Authority (EDA), a move that town leaders say would give them more flexibility and control over how to attract, retain, and grow businesses within the town’s borders.
At its April 1, 2025 meeting, the Town Council received a detailed presentation outlining the authority and potential benefits of creating an EDA under the Virginia Industrial Development and Revenue Bond Act, passed by the state legislature in 1966. The act allows localities to establish Economic or Industrial Development Authorities (EDAs or IDAs) as separate legal entities to facilitate economic development.
