State Farm Financial Services Resource Center was officially dedicated Oct. 10, on the first floor of the Business Building at Murray State University.
Speaking on behalf of State Farm was Mike Duncan, agency field executive from Hopkinsville. In addition, 10 other local/regional agents were in attendance.
MSU President Randy Dunn noted that the center had been a long-time goal of the department of economics and finance in the college of business. Through the efforts of Dr. David Durr, Dr. Tim Todd, Dr. David Eaton and development officers Stephen Crouch and Bob Jackson, a generous pledge was given to support the center and to endow scholarships in the college. Durr is a professor of finance and the Arthur J. Bauernfeind Endowed Chair of Business/Investment Management. Todd is dean of the college of business and Eaton is chair of the department of economics and finance.
The focus of the center is on career development and education for students interested in banking, financial planning, financial analysis and economic education. Students will gain hands-on experience working with commercial-grade financial planning software. At multiple workstations students will have live-feed and historic information on bonds, equities, commodities and currencies used by financial professionals around the world.
The suite will feature a boardroom for student and faculty uses in addition to a state-of –the-art LCD video wall comprised of four 46-inch monitors. The center will allow professors to take students beyond the theory and applications in textbooks into a more practical learning environment.
Also encompassed with the State Farm Center is the Center for Economic Education, directed by Barry Brown. For years, the CEE has assisted area school systems in incorporating economics and financial literacy into the K-12 curriculum.
The goal of the CEE is to improve the economic and financial literacy of current and future Kentucky school children.
The State Farm facility is Phase 1 of the “student-focused” centers in the College of Business. Phase 2, tentatively scheduled to open next summer, will be a “trading room”-type center. It will also be housed on the first floor of the Business Building.
Two major gifts, from alum Kris Robbins and U.S. Bank, have already been secured to support this new center.