Federal designation at MSU could mean $750K in funding

A newly announced federal designation at Missouri State University could lead to funding coming down the pike.

MSU has been recognized as a Designated University Center by the U.S. Economic Development Administration, according to a news release.

With the designation, MSU could receive $750,000 in funding over the next five years to create the University Center to support regional economic resiliency, officials say. Those grant funds would be matched by MSU.

The Designated University Center status represents a partnership led by MSU divisions The Efactory, Community and Global Partnerships, the provost's office, Center for Resource Planning and Management, the Missouri Small Business Development Center at MSU and Jordan Valley Innovation Center.

“This competitive award is an exciting designation for Missouri State University and shows the caliber of our programs on a national stage,” said Rachel Anderson, Efactory executive director, in the release. “We’re excited to develop new resources for our region and to collaborate with university and regional partners to advance our community.”

The funding portion of the designation would result in a local economic impact creating an estimated 1,225 jobs, service toward 3,000 businesses and the generation of $48 million in research, operational capacity and grant support, officials say.

“EDA is pleased to support the designated University Centers as they help us invest in America’s future and grow opportunities to increase equity in American research institutions,” EDA Assistant Secretary of Commerce for Economic Development Alejandra Y. Castillo said in the release. “Their existing university resources will be bolstered to build regional economic ecosystems that support resiliency and inclusiveness.”