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The city received the award in the category of Excellence in EconomicDiversification Strategies, which recognizes responsez to plant closures and other economicf dislocations, that promote economic diversification. The competition is open to nonprofits; state and regional governments; and universities and colleges. Cabarrus and Rowaj counties lost 4,300 manufacturinhg jobs when textilemanufacturerr Kannapolis-basedPillowtex Corp. closed in July 2003. Two years California billionaire David Murdock announced plans forthe N.C. Researc Campus at the 350-acre former Pillowtex headquarters andmanufacturing site.
The life-sciencex hub includes the participation ofDuke University, the UNC System, the N.C. Communityt College System, other educational institutions andbusinessd partners. The total investment is expected toreach $1.8 billion. Residentiao and commercial developments are rising around the campus with hopexs ofturning Kannapolis, a former textilee town, into a biotech center.
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