This paper documents the pioneering effort associated with the development of a Corporate Engineering Degree Program (CEDP) made available to industry personnel who desire to receive a traditional bachelor's degree via distance learning. This program, a model of a close university/industry collaboration, provides a broad vision for industry needs and makes a quality education available to adult learners. The paper explains the motivation in implementing the program, profiles students, faculty, and industry personnel, examines the challenges in implementing the program, and details accomplishments and continuing developments that have resulted since the program's inception in 1988. The paper also describes the dynamic processes of faculty enrichment and curricular development that resulted during the planning, implementation, and evolvement of the program, all of which have also had an impact on the traditional, on-campus program and students at the University of North Dakota.