Minnesota State University, Mankato (MSU or MNSU), also known as Minnesota State,[9][10] is a public university in Mankato, Minnesota. Established as the Second State Normal School in 1858,[11] it was designated in Mankato in 1866,[12][13] and officially opened as Mankato Normal School in 1868. It is the second oldest member of the Minnesota State Colleges and Universities system. It is also the second largest public university in the state,[14][15] and has over 123,000 living alumni worldwide.[5] It is the most comprehensive of the seven state universities[16] and is referred to as the flagship of the Minnesota State Colleges and Universities system.[2][17][18] It is an important part of the economy of Southern Minnesota and the state as it adds more than $781 million to the economy of Minnesota annually.[19][20]