- On July 1, 1970, the College of Business began with one department, Department of Economics and Business, which moved from the College of Fine and Applied Arts.
- The BSBA in Business Administration and BSBA in Business with a concentration in Economics were offered.
- The first Business Advisory Council with 42 executives was held in July.
- The College of Business joined the American Association for Collegiate Schools of Business (later AACSB) in November.
