MUSCATINE, Iowa (KWQC) – A $1 million pledge from the HNI Charitable Foundation will help the University of Iowa’s Tippie College of Business create a new state-of-the-art business education facility. HNI Corporation, headquartered in Muscatine, Iowa, is a major provider of workplace furnishings and residential building products. University of Iowa will use the money to help fund the renovation of two adjacent buildings to create a single facility with new classrooms and learning spaces with updated technology, according to the university press release.

Jeff Lorenger, chairman, president and CEO of HNI Corporation, said the pledge is an investment in Iowa’s business community and the “next generation of leaders.“ The college’s enrollment is more than double what one of the buildings served when it was built in 1994, and enrollment is expected to continue growing, said Amy Kristof-Brown, Henry B. Tippie dean.

The estimated $60 million, two-year project is funded largely by private giving and is expected to be complete by fall 2028.