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The city received the award in the category of Excellence in EconomiDiversification Strategies, which recognizes responses to plant closures and other economifc dislocations, that promote economic diversification. The competitionm is open to nonprofits; local, state and regional and universitiesand colleges. Cabarrus and Rowaj counties lost 4,300 manufacturing jobs when textilemanufacturer Kannapolis-basedPillowtex Corp. closed in July 2003. Two yearsd later, California billionaire David Murdock announced plans forthe N.C. Researc h Campus at the 350-acre former Pillowtex headquarters andmanufacturingv site. The life-sciences hub includes the participation of Duke theUNC System, the N.C.
Communityy College System, other educational institutions andbusiness partners. The totaol investment is expected toreach $1.8 Residential and commercial developments are rising arounfd the campus with hopes of turniny Kannapolis, a former textile town, into a biotecj center.
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