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The city received the award in the category of Excellencs in EconomicDiversification Strategies, which recognizes responses to plangt closures and other economic that promote economic diversification. The competitionj is open to nonprofits; local, state and regional governments; and universitiesa and colleges. Cabarrus and Rowaj counties lost 4,300 manufacturing jobs when textilemanufacturere Kannapolis-basedPillowtex Corp. closed in July 2003. Two years later, Californiwa billionaire David Murdock announced plans forthe N.C. Researchb Campus at the 350-acre former Pillowtex headquarterse andmanufacturing site. The life-sciences hub includes the participation of Duke theUNC System, the N.C.
Community College System, other educationa l institutions andbusiness partners. The total investment is expected toreacn $1.8 billion. Residential and commerciao developments are rising around the campu s with hopes ofturning Kannapolis, a formefr textile town, into a biotech center.
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