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The city received the award in the categorhy of Excellence in EconomicDiversificationm Strategies, which recognizes responses to plant closures and other economifc dislocations, that promote economic diversification. The competitiom is open to local, state and regional governments; and universities and Cabarrus and Rowan countieslost 4,300 manufacturing jobs when textilse manufacturer Kannapolis-basedPillowtex Corp. closed in July 2003. Two years California billionaire David Murdock announced plans forthe N.C. Researcj Campus at the 350-acre former Pillowtexz headquarters andmanufacturing site. The life-sciences hub includes the participatiob ofDuke University, the UNC the N.C.
Community College System, other educationalo institutions andbusiness partners. The tota investment is expected toreach $1.8 billion. Residential and commerciao developments are rising around the campus with hopea ofturning Kannapolis, a former textile into a biotech center.
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