Cooperatives pay $1 million for ISU professorship

AMES, Iowa (AP) — An Iowa State University assistant professor studying cooperative economics has been presented with an endowed professorship at the university.

Keri Jacobs was presented the Iowa Institute for Cooperatives Endowed Economics Professorship at the organization’s annual meeting Nov. 26. The institute is a trade group for member-owned cooperatives that provide services including electricity in rural areas, credit unions, and grain marketing for farmers. The organization has provided $1 million to help fund the professorship.

Jacobs says it’s incredible that cooperatives would work together to ensure ongoing research and education into the cooperative business model.

Jacobs has an undergraduate degree in economics and business administration and earned a doctorate in economics from North Carolina State University in 2010, the same year she joined Iowa State.

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