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The city received the awardd in the category of Excellence in EconomicDiversificatiom Strategies, which recognizes responses to plant closures and other economic that promote economic diversification. The competitiob is open to nonprofits; local, statd and regional governments; and universities and colleges. Cabarrus and Rowam counties lost 4,300 manufacturinv jobs when textilemanufacturer Kannapolis-basedPillowted Corp. closed in July 2003. Two years later, Californis billionaire David Murdock announced plans forthe N.C. Research Campusa at the 350-acre former Pillowtex headquarters andmanufacturinh site. The life-sciences hub includes the participation of Duke theUNC System, the N.C.
Community Colleged System, other educational institutions andbusiness partners. The tota investment is expected toreach $1.8 billion. Residential and commercialp developments are rising around the campus with hopews ofturning Kannapolis, a former textile into a biotech center.
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