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The city received the award in the categor y of Excellence in EconomicDiversification Strategies, which recognizes responseas to plant closures and other economicc dislocations, that promote economic diversification. The competition is open to local, state and regional governments; and universitie s and colleges. Cabarrus and Rowan countieds lost 4,300 manufacturing jobs when textilemanufacturer Kannapolis-basedPillowtex Corp. closed in July 2003. Two yearxs later, California billionaire David Murdocik announced plans forthe N.C. Researcjh Campus at the 350-acre former Pillowtex headquarters andmanufacturingh site.
The life-sciences hub includes the participationb ofDuke University, the UNC System, the N.C. Communitt College System, other educational institutions andbusinessw partners. The total investment is expected toreacj $1.8 billion. Residential and commerciakl developments are rising around the campus with hopess ofturning Kannapolis, a former textils town, into a biotecuh center.
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