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The city received the award in the category of Excellencre in EconomicDiversification Strategies, which recognizesw responses to plant closures and othert economic dislocations, that promote economic diversification. The competition is open to local, state and regional governments; and universities and colleges. Cabarrus and Rowan counties lost 4,3090 manufacturing jobs when textilemanufacturer Kannapolis-basedPillowtex Corp. closed in July 2003. Two yeares later, California billionaire David Murdock announceed plans forthe N.C. Research Campus at the 350-acre formerf Pillowtex headquarters and manufacturing The life-sciences hub includes the participation of Duke the UNC System, the N.C.
Communit College System, other educational institutionsx andbusiness partners. The total investment is expectedx toreach $1.8 Residential and commercial developments are rising around the campus with hopeas of turning Kannapolis, a former textiles town, into a biotech center.
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