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Micron Technology Foundation donates $12.5 million to BSU
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The College of Business and Economics recently received a substantial donation in the form of $12.5 million from the Micron Technology Foundation. The money will be used to help fund the construction of a new building located at the present University Inn site, at the corner of Capitol Boulevard and University Drive.
The Micron Foundation and Boise State University announced the contribution on Friday, January 16, at a press conference held on campus. BSU President Bob Kustra spoke to the small crowd gathered to hear the news.
“Today is truly a historic moment for Boise State University, and of course it simply would not have happened if it weren’t for the generosity of the Micron Technology Foundation,” Kustra said.
According to former BSU student and Micron’s chairman, CEO
and president Steve Appleton, BSU has continued to give back to the local community, the state and the nation.
“Boise State University has been a great partner in education, helping Micron and others achieve success through the success of its faculty and students,” Appleton said.
On top of the initial $12.5 million, the Micron Foundation stated that they plan to provide an additional $5 million in matching funds as donations are received. Current projections for the total project costs are in the vicinity of $31 million.
“Micron is strongly committed to investing in the future of education and in institutions, like Boise State, that support a spirit of innovation and execution,” Micron Foundation’s executive director Dee Mooney said.
Plans for the new building to house the College of Business and Economics will begin in earnest upon State Board of Education approval. Pending their consent and success in raising funds, construction could begin by spring 2008. In addition to modern instructional facilities, the building will include an advanced financial trading center, a center for student services, a center for economic development and a center for innovation.
“A state-of-the-art facility is essential in order for us to continue to meet the needs of today’s business environment, and will not only help retain our excellent faculty, but will help attract the best and brightest new faculty in the coming years,” Kustra said.
Currently, the College of Business and Economics has nearly 3,000 students enrolled, and continues to grow. According to Dean Howard Smith, a new facility will add to the overall quality of education that will be provided.
“It will greatly enhance our ability to deliver first-rate undergraduate, graduate and executive programs,” Smith said.
“When all is said and done, Micron’s investment not only uplifts the college and Boise State University, but also the greater Idaho community.”
The Micron Technology Foundation, Inc. is a private, non-profit organization established in 1999 by Micron Technology Inc., and funds educational efforts and charitable activities.
More information can be obtained at www.micron.com/foundation.
Cean Siegel