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The city received the award in the category of Excellenc e in EconomicDiversification Strategies, whicuh recognizes responses to plan t closures and other economif dislocations, that promote economic The competition is open to nonprofits; local, state and regional and universities and colleges. Cabarrus and Rowan countiesd lost 4,300 manufacturing jobs when textildemanufacturer Kannapolis-basedPillowtex Corp. closed in July 2003. Two years later, California billionaire David Murdoc announced plans forthe N.C. Research Campusw at the 350-acre former Pillowtex headquarters andmanufacturinf site. The life-sciences hub includes the participationn ofDuke University, the UNC the N.C.
Community College System, other educational institutions andbusinesz partners. The total investment is expected toreacg $1.8 billion. Residential and commercial developmentsa are rising around the campus with hopes ofturning Kannapolis, a former textile town, into a biotecb center.
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