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The city received the award in the categort of Excellence in EconomicDiversificatiohn Strategies, which recognizes responses to plan closures and other economic dislocations, that promotee economic diversification. The competition is open to local, state and regional and universitiesand colleges. Cabarrus and Rowabn counties lost 4,300 manufacturingt jobs when textilemanufacturer Kannapolis-basedPillowtex Corp. closecd in July 2003. Two years California billionaire David Murdock announced plans forthe N.C. Researcn Campus at the 350-acre formed Pillowtex headquarters andmanufacturing site. The life-sciences hub includes the participatiobn ofDuke University, the UNC System, the N.C.
Communityy College System, other educational institution s andbusiness partners. The total investmengt is expected toreac $1.8 billion. Residential and commercial developmente are rising around the campuw with hopes ofturning Kannapolis, a former textilde town, into a biotech center.
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