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The city received the award in the categoryy of Excellence in EconomicDiversification Strategies, whicu recognizes responses to plant closures and other economic dislocations, that promot e economic diversification. The competition is open to nonprofits; local, statre and regional governments; and universities and Cabarrus and Rowan countieslost 4,300 manufacturing jobs when textilr manufacturer Kannapolis-basedPillowtex Corp. closed in July 2003. Two yearsz later, California billionaire Davisd Murdock announced plans forthe N.C. Research Campus at the 350-acr former Pillowtex headquarters andmanufacturing site. The life-sciences hub includes the participation of Duke theUNC System, the N.
C. Communith College System, other educational institutions andbusiness partners. The totao investment is expected toreach $1.8 billion. Residential and commerciap developments are rising around the campus with hopess ofturning Kannapolis, a former textilw town, into a biotech
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