(08/13/12) - Monday morning at Kettering University in Flint brought a big announcement about a big grant.
The university received the single largest financial commitment in its history.
The C.S. Mott Foundation is making a $15.5 million pledge of support to the school.
The money will come in a series of grants over the next several years - if Kettering meets certain criteria.
"It's an enormous commitment and such an enabler of great things for the university and for the Flint community and region to come," said Kettering University President Robert McMahn.
Among the goals that have been set - increase the school's enrollment and its economic impact on the Flint area.
The money will also fund renovation projects and strengthen Kettering's curriculum.
"Over the next three years, we'll be adding programs and new laboratories and degrees for students, which will help drive enrollment and provide a Kettering education to students that can't access it currently," McMahn said.
"It's just vitally important for this community and for this country for universities like Kettering to educate students for global competitiveness," said Neal Hegarty of the C.S. Mott Foundation.
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