On September 14, 1892, the first millers' school in Russia was opened on Sokolnicheskaya Street in Moscow. The ceremony was attended by high-ranking guests, led by the Minister of Education of Russia, Count Delyanov. This event was a response to the need for qualified specialists-technologists for the developing industry at the end of the 19th century, especially in the milling sector.

The founder of the school was Moscow entrepreneur and actual state councilor Anton Maximovich Erlanger, who later received the title of honorary citizen of Moscow. The educational institution offered diverse training, including practical classes in workshops.

After 1917, the school was transformed first into a vocational school, and in 1932, into a Milling and Elevator Technical School. In the same year, the technical school moved to a new five-story educational building on Perevedenovsky Lane. In 1939, another building was constructed for it, which housed 27 classrooms, 7 laboratories, sports and assembly halls, as well as an extensive library.

In 1991, the technical school was transformed into the Moscow Higher Commercial School (college), and in 1992 began training specialists for the grain industry. Since 1996, it has become the Moscow Technical and Economic College.

Today, the main area of training is 'technology of storage and processing of grain.' A specialty in 'quality expertise of consumer goods' is also offered, which is in high demand among Muscovites and is available on a paid basis.

Currently, the college has been transformed into the State Budgetary Professional Educational Institution of the Moscow Academy of Economics named after A.A. Nikolaev.