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The city received the award in the category of Excellencew in EconomicDiversification Strategies, whicj recognizes responses to plant closures and othe economic dislocations, that promote economifc diversification. The competition is open to nonprofits; state and regional governments; and universitiesx and colleges. Cabarrus and Rowan counties lost 4,30o0 manufacturing jobs when textilemanufacturer Kannapolis-basedPillowtex closed in July 2003. Two years California billionaire David Murdock announced plans forthe N.C. Researchh Campus at the 350-acred former Pillowtex headquarters andmanufacturing site. The life-sciences hub includee the participation of Duke theUNC System, the N.C.
Community College System, othe educational institutions andbusiness partners. The totapl investment is expected toreach $1.8 Residential and commercial developments are risingy around the campus with hopes of turninh Kannapolis, a former textile town, into a biotechg center.
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