Investment plan

University of Missouri touts $ 1.5 billion investment plan | Education

COLUMBIA, Mo. – The University of Missouri announced Monday that it plans to spend $ 1.5 billion over the next 10 years to hire approximately 300 additional teachers and staff to enhance the research mission of university.

The plan, named MizzouForward, will use new and existing resources to recruit around 150 full and tenure-track professors and around 150 staff positions, the school said in a press release.

The funding will also go towards performance-based salary increases for faculty and staff, new or upgraded science facilities, and support for student academic success, including improved graduation rates.

Some of the funding sources listed by the university include $ 250 million from MU Health Care, $ 100 million from donors, $ 300 million from tuition income, $ 100 million from industry partners, and support from state to the NextGen Precision Health Initiative.

“MizzouForward will provide our faculty with the resources, infrastructure and support they need to conduct cutting-edge research, educate the next generation of our workforce, and translate their academic activities to benefit our communities and the society, ”said Mun Choi, president of the University of Missouri system and chancellor of the University of Missouri.