Description
Two 19th-century scholars saw the need for an educational alternative for Minnesota youth, skills training that would lead directly to rewarding employment. As a result, two business colleges were founded, schools that continue today to provide students with career preparation.
Globe University and Minnesota School of Business are now operated cooperatively by the Terry and Kaye Myhre family as Globe University/Minnesota School of Business (GU/MSB). We hold to our founders’ shared mission: providing education that enables graduates to reach their career and life goals and become empowered, knowledgeable citizens
School/Higher Education Center history
Professor Alexander R. Archibald, formerly of Dartmouth College, founded Minnesota School of Business (MSB) in 1877. The school’s first location was a three-room building at Third and Marquette in Minneapolis, where Professor Archibald and an assistant taught bookkeeping, shorthand, English, and penmanship. In 1890, Charles T. Rickard and Grove A. Gruman purchased MSB and moved it to a larger facility in the Jewelers' Exchange Building on First Avenue North and Seventh Street in downtown Minneapolis.
Between 1929 and 1988, MSB changed ownership and location three more times, ending with the most recent purchase by Terry Myhre in January 1988. Today, MSB is completely owned and operated by the Terry and Kaye Myhre family. In October 1993, MSB moved from downtown Minneapolis to Richfield, Minn.
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