The Economic Development Corporation (EDC) is the backbone of the Spearman economy. The EDC’s main objective is to support area businesses. It accomplishes this through a visionary board of directors that strives to establish a formal channel of cooperation between the business community and the city government, to improve business practices and encourage residents to shop in Spearman first, to increase the number of dollars spent in Spearman through tourism, and to attract new businesses to Spearman.