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The city received the award in the categoryu of Excellence in EconomicDiversificatiohn Strategies, which recognizes responses to planf closures and other economic that promote economic diversification. The competitionh is open to local, state and regional governments; and universitiesz and colleges. Cabarrus and Rowanm counties lost 4,300 manufacturing jobs when textilemanufacturedr Kannapolis-basedPillowtex Corp. closed in July 2003. Two years California billionaire David Murdock announcedf plans forthe N.C. Research Campus at the 350-acre former Pillowtex headquarters and manufacturing The life-sciences hub includes the participation of Duke the UNC System, the N.C.
Community College other educational institutions andbusiness partners. The tota l investment is expected toreach $1.8 billion. Residential and commerciaol developments are rising around the campusx with hopes ofturning Kannapolis, a former textilew town, into a biotech center.
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