An alumnus of Montana State University has donated more than $3 million to MSU's College of Business, reports the school. The gift will improve technology for entrepreneurship students.
The gift from Jake Jabs will provide computers, video conferencing equipment and other tools to help train students on the latest business technologies, as well as provide professional development and research opportunities for the college's faculty.
A portion of the gift will also go towards sustaining the Jake Jabs Center for Entrepreneurship for the New West, which provides entrepreneurship-related services and learning opportunities for students including mentoring, coaching and hosting entrepreneurs-in-residence. There will also be a scholarship fund for College of Business students created from the donation.
According to MSU President Waded Cruzado, the gift will go to good use, because the center has become so popular with students that its current offerings have reached capacity.
Jabs is the president and CEO of American Furniture Warehouse based in Denver. He graduated from then Montana State College in 1952 with a degree in vocational agriculture.
MSU also offers video conferencing technology through their Extended University, for members of the community, students and businesses to host a live two-way video connected service.