The long-standing partnership between State Farm Insurance Companies and Illinois State University has been recognized with the naming of the College of Business Building as the State Farm Hall of Business.
Illinois State has received support from State Farm Companies Foundation over the years, with more than half of their funding going to programs within the College of Business. In 1999 a grant of $9 million provided seed money that helped to leverage additional funds for construction of the College of Business building, which opened in 2005.
“State Farm’s financial support made it possible for us to construct a state-of-the-art building for our College of Business, which is ranked as one of the top 100 undergraduate business schools in the nation,” President Al Bowman said. “The company’s ongoing support of academic programs and research has played an important role in helping the College of Business establish its excellent reputation.”
State Farm CEO Ed Rust said the company is “honored to be recognized for its ongoing commitment to the College of Business. We’re proud of our long-standing relationship with the University, and of the fact that more than 4,000 Illinois State alumni work at State Farm today.”
