Gov. Jay Nixon is freeing up $1.875 million to complete renovations at Missouri State University’s Glass Hall, which houses the university’s College of Business.
Nixon made the announcement from inside the facility Wednesday. He was joined by business students, faculty and school administrators.
“The bottom line is that by watching our dollars carefully, and in investing in the things that we think can make the most difference, we have been able to get to where we are today,” he said.
Nixon talked about Missouri’s economic growth and said education is its driving force, calling it the “best economic development tool there is.”
In total, roughly $4 million in education and law enforcement dollars were freed up Wednesday. It came on the same day Nixon announced he was restricting $51 million in spending for Medicaid and excess bond authority.
The Glass Hall project includes a complete renovation and expansion, with a 37,000 square-foot addition that will include a modern facility with work rooms, an advising center, and a career center. Additionally, students can experience a simulation of the New York Stock Exchange. Crews broke ground on the building in October 2015.
This funding is the final component for completion of $5 million in renovations at Glass Hall, and $24 million total at Missouri State.
“Don’t let anyone say that education is a cost; higher education is an investment. It’s an investment in our joined future to compete in a world economy” said Nixon.
Joshua Vogel, a sophomore accounting major in the College of Business, tells KSMU, “I think every aspect of this academic college is really trying to continue to grow bigger and bolder, and I think the physical growth of the building is a really good demonstration of that.”