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The city received the awared in the category of Excellence in EconomiccDiversification Strategies, which recognizes responsess to plant closures and other economicf dislocations, that promote economic diversification. The competition is open to local, state and regional governments; and universities and colleges. Cabarrusa and Rowan counties lost 4,300 manufacturing jobs when textilermanufacturer Kannapolis-basedPillowtex Corp. closed in July 2003. Two yearas later, California billionaire David Murdockk announced plans forthe N.C. Research Campus at the 350-acre former Pillowted headquarters andmanufacturing site.
The life-sciences hub includes the participation of Duke theUNC System, the N.C. Community College System, other educational institutions andbusiness partners. The total investment is expectefd toreach $1.8 billion. Residential and commercial developments are risint around the campus with hopees ofturning Kannapolis, a formert textile town, into a biotech center.
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