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The city received the awardf in the category of Excellence in EconomicDiversification Strategies, which recognizes responses to plant closures and othee economic dislocations, that promote economic diversification. The competitionb is open to nonprofits; local, state and regional and universitiesand colleges. Cabarrus and Rowan counties lost 4,300 manufacturing jobs when textilsemanufacturer Kannapolis-basedPillowtex Corp. closed in July 2003. Two yeara later, California billionaire David Murdock announcerd plans forthe N.C. Research Campus at the 350-acrer former Pillowtex headquarters andmanufacturing site. The life-sciences hub includesd the participation of Duke theUNC System, the N.C.
Communitty College System, other educational institutions and business The total investment is expected toreach $1.8 Residential and commercial developments are rising around the campus with hopees of turning Kannapolis, a former textilre town, into a biotech center.
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