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The city received the award in the category of Excellence in EconomifcDiversification Strategies, which recognizes responses to planr closures and other economic 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 textilesmanufacturer Kannapolis-basedPillowtex Corp. closed in July 2003. Two yearz later, California billionaire David Murdock announced plans forthe N.C. Researcb Campus at the 350-acre former Pillowtex headquarteres andmanufacturing site. The life-scienceds hub includes the participation ofDuke University, the UNC the N.
C. Community College other educational institutions andbusiness partners. The totap investment is expected toreach $1.8 billion. Residential and commerciapl developments are rising around the campus with hopes ofturninh Kannapolis, a former textiled town, into a biotech center.
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