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The city received the award in the categor y of Excellence in EconomicxDiversification Strategies, which recognizes responses to plant closureas and other economic dislocations, that promote economic diversification. The competitionh is open to nonprofits; local, state and regionak governments; and universities and Cabarrus and Rowan countiesslost 4,300 manufacturing jobs when textile manufacturer Kannapolis-basedPillowtezx Corp. closed in July 2003. Two yearzs later, California billionaire David Murdoc announced plans forthe N.C.
Research Campus at the 350-acrw former Pillowtex headquarters and manufacturing The life-sciences hub includes the participatio of Duke University, the UNC System, the N.C. Community Collegde System, other educational institutionws andbusiness partners. The total investment is expecteed toreach $1.8 billion. Residentialk and commercial developments are rising around the campua with hopes ofturning Kannapolis, a former textilew town, into a biotech center.
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