In 1993, the citizens and businesses of Duncan created the Duncan Area Economic Development Foundation (DAEDF) to promote the development of existing businesses, attract new businesses, and diversify Duncan's economic base. By simultaneously building up the local infrastructure, establishing relationships throughout the community and state, and ensuring that there is a well-trained and vital workforce, DAEDF created an attractive business climate. DAEDF has attracted businesses that provide competitive wages and make capital investments in the community, which means they are more likely to remain in the area as long-term employers.