The Center for Private Enterprise was established at Baylor in 1977. As part of the private sector, the Business School and Baylor University have an obligation to promote the understanding of the American Economic System and to respond to the needs of those businesses that make the system work.

The Center conducts a wide variety of programs designed to improve the understanding of the private enterprise system by elementary and secondary teachers. Seminars are conducted on both the Waco campus and in St. Petersburg, Russia. Special emphasis is placed in those programs on teaching strategies and how economic understanding can be integrated into the curriculum of the school. Funding for workshops, institutes, and graduate level courses is provided by businesses, foundations, and the Texas Council on Economic Education.

The Center's library has a variety of resources available to educators, including materials and strategies for teaching about entrepreneurship both at the elementary and at the secondary level. In addition to teachers' programs, conferences are conducted for outstanding high school seniors.

The Center for Private Enterprise is affiliated with the Texas Council on Economic Education and the National Council on Economic Education.