Economic boom in Pampa
Mon, 28 Apr 2014 23:25:59 GMT —
The City of Pampa is in the middle of an economic boom - something the city's Economic Development Corporation said it hasn't seen since 1980's.
The biggest sight to see in the city related to that growth is the demolition of the old Pampa Junior High School. It will be turned into Edwin Park Subdivision, which is a housing community. On that same plot of land at 23rd and Perryton Parkway, AimBank will soon be located.
Cody Bivens, Market President for AimBank, said they're still finalizing plans and a budget, but hope to start construction in early summer and be in the building before the end of the year. Bivens said the bank is thrilled to be part of the economic boom in Pampa.
"It's great for AimBank. It gives us the opportunity to get in front of a lot of potential customers and with the economy the way it is in Pampa with the oil and gas and with wind energy and cattle and farming, we're confident that Pampa is in a growth mode," said Bivens.
So what's behind the boom? Clay Rice, Executive Director at Pampa's Economic Development Corporation, said the region is rich in oil, gas, manufacturing and retail.
"We have an industrial park, Pampa Energy Center and there are several companies that are out there. There are more prospects as well. We have a methonal plant that's under construction now and a special compressor company that compresses and ships oil and gas products as well as other things," said Rice. "Retail is really strong in Pampa. The medical industry is growing, our college is doing very well. We're seeing some housing, we're about to see more of that."
Rice said he estimates Pampa's population around 19,000 and only expects that to grow.