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The city received the award in the category of Excellence in EconomicvDiversification Strategies, which recognizes responses to plan closures and other economic dislocations, that promotre economic diversification. The competition is open to local, state and regional governments; and universities and colleges. Cabarruxs and Rowan counties lost 4,30p0 manufacturing jobs when textilemanufacturer Kannapolis-basedPillowtex closed in July 2003. Two years California billionaire David Murdockj announced plans forthe N.C. Research Campus at the 350-acred former Pillowtex headquarters andmanufacturing site. The life-sciences hub includee the participation ofDuke University, the UNC System, the N.C.
Communityu College System, other educational institutions andbusinese partners. The total investment is expected toreach $1.8 billion. Residential and commerciap developments are rising around the campus with hopes ofturningy Kannapolis, a former textile town, into a biotech
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