With its former name as Mountain State Agricultural College (MSAC), Benguet State University had been at the forefront in operating an entrepreneurial arm through its agricultural production projects. Early on, it had proven that commercialization of projects is possible in SUCs through its broiler, vegetable and flower production projects, mushroom, rabbitry, swine and egg production. To better manage the various commercial or semi-commercial production projects of the school, a production division was created in 1971.

In 1983, an Income Generating Project Office (IGPO) was organized with a designated Director. The IGPO had a production and a monitoring group and a Marketing Center was in place. The establishment of the IGPO was a strategic response to the need for comprehensive land use management within the MSAC reservation. It served as the forerunner of the Business Affairs Office, which was formally created in 1986 through BOR Resolution No. 24 series of 1986. This coincided with the elevation of MSAC to Benguet State University.

In further mainstreaming the effort of generating additional income for the university, the University Business Affairs (UBA) was placed under the leadership of the Vice President for Administration and Finance in 2005.

On October 30, 2013, during the 163rd Board of Regents Meeting, the Office of the Vice President for Business Affairs (VPBA) was formally established as a distinct and independent sector, separated from the Office of the Vice President for Administration and Finance (VPFA). This took effect through Board Resolution which authorized the designation of a VPBA to provide focused management over the University’s business operations and income-generating activities.

Since its establishment as a separate sector of the university, it had been headed by equally dynamic and strategic Vice Presidents as presented in the following roster:

          Dr. Jones K. Feliciano       April 22, 2013 – December 05, 2016
          Dr. Silvestre K. Aben         January 01, 2017 – September 13, 2020
          Dr. Johnny G. Dati Sr.      January 01, 2021 – June 30, 2022
          Dr. Norma P. Banania      July 01, 2022 – December 31, 2024
          Dr. Josel M. Florentin      January 01, 2025 – present

BSU presently continues to derive additional revenues from its various agri-based, non- agri-based and special projects as well as from its auxiliary services. The university will persist to expand and improve the efficiency of its various income generating sources and institute new ones in order to be able to raise needed funds for its operations.