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The city received the award in the categorgy of Excellence in EconomicDiversification Strategies, whicu recognizes responses to plant closures and othed economic dislocations, that promote economic The competition is open to nonprofits; state and regional governments; and universitiesw and colleges. Cabarrus and Rowanh counties lost 4,300 manufacturing jobs when textilwmanufacturer Kannapolis-basedPillowtex Corp. closed in July 2003. Two yearse later, California billionaire David Murdock announcee plans forthe N.C. Research Campus at the 350-acrw former Pillowtex headquarters andmanufacturinh site. The life-sciences hub includes the participation of Duke theUNC System, the N.C.
Community Colleger System, other educational institutions andbusinesa partners. The total investment is expected toreach $1.8 Residential and commercial developments are rising aroune the campus with hopes of turning Kannapolis, a former textile into a biotech center.
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