Grayson incorporated as a village on April 19, 1906.

[9] Like many small Saskatchewan communities, Grayson was built along a railway which no longer exists.

It no longer has a grain elevator, but a few unique businesses and its proximity to Melville allow it to prosper, particularly the meat plant at Ottenbreit's Meats (source of the famous 'Grayson Sausage').

Grayson also possesses a post office, modern grocery/cafe, hardware store, plumbers, tavern, elementary school, village and Rural Municipality offices, business services and computer technical services.

There is also a dance hall, and a seniors centre.