The Purdue University Research Center in Economics (PURCE) was founded in 2013, when Krannert Professor of Economics John Umbeck established the center with Professors Jack Barron and Justin Tobias, and became the center's first director.
Under Umbeck's leadership, graduate students and seven economics faculty members were hired to the center, dramatically expanding the department's ability to produce empirical policy relevant research.
PURCE moved into its home in the newly-renovated Webster Suite on the 3rd floor of the Krannert Building on Purdue University's West Lafayette, Indiana, campus in Fall 2017.
In August 2017, Lynne Kiesling joined PURCE as associate director and visiting professor in the department of Economics.
At the end of the 2017-18 academic year, Professor Umbeck stepped down from his position as director. Professor Kevin Mumford was named the new director of PURCE effective with the 2018-19 academic year.
As of Spring 2019, PURCE has 28 faculty affiliates and 11 Ph.D. students.