Promoting Industrial Development in Guymon, OK

The Industrial Foundation’s roots can be traced back to efforts by the Guymon Chamber of Commerce along with city and county officials to spur economic development in the 1960s. In 1964, this effort resulted in the formation of the Guymon Industrial Development Company. This organization’s goal was to assist new employers in obtaining loans from the Small Business Administration. Several feed yards obtained financing in part through the assistance of the Development Company.

The next year, the Guymon Industrial Foundation was formed and merged with the Guymon Development Company. Directors were elected to serve on the board. The Guymon Industrial Foundation was formed as a public trust on December 1, 1965.

The foundation then set about building roads, a rail spur, and extended water, sewer and gas services to the south half of the acreage. Electricity and communications facilities are in place in most locations to meet the needs of any business. Guymon Industrial Park is a Certified Industrial Park and Enterprise Zone. A main line of the Union Pacific Railway is accessed via the spur.

The Guymon Industrial Foundation was formed by a local group of community business leaders in the 1960s. Their vision was to create a business park as a tool for economic development through business retention, new business and job creation. A parcel of land was purchased and platted on the NE side of Guymon, Oklahoma. It is located conveniently on a rail spur and a major highway, Highway 54.

In the 1990s the Industrial Park was annexed into the City of Guymon. The Foundation has offered incentives on land purchase price based on job creation and payroll since inception. Many new businesses have located in the Industrial Park and the original vision of the formative leaders is still providing a positive economic impact on the area. The Industrial Foundation has also proved pass through financing over the years to help spur economic development through it’s individual and combined efforts with the City of Guymon, PREDCI, the Guymon Chamber of Commerce and area business leaders.

The Board of Directors has always been comprised of 15 area business leaders representing a wide variety of industries encompassing business, agriculture, energy, banking, medicine, medical air flight, and oil and gas.