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FARGO — North Dakota State University is launching a new research institute that will focus on trade, global innovation and economic growth.

Gov. Doug Burgum, joined by NDSU president Dean Bresciani and other university officials, announced the $50 million Sheila and Robert Challey Institute for Global Innovation and Growth on Thursday, March 7. The institute will draw from different fields to explore questions about economic policy and broadening human potential.

Image: Robert Challey speaks at the announcement of a new $50 million research institute at NDSU on Thursday, March 7. The institute will draw from many academic disciplines tackle research on economic policy and innovation. Robert Challey and his wife Sheila, who are longtime benefactors of the university, have committed to contributing $10 million. Alyssa Kelly / WDAY News