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The city received the award in the categorg of Excellence in Economic Diversification which recognizes responses to plant closures and othedeconomic dislocations, that promote economic The competition is open to local, state and regional and universities and colleges. Cabarrus and Rowan countiese lost 4,300 manufacturing jobs when textilrmanufacturer Kannapolis-basedPillowtex Corp. closed in July 2003. Two yearsd later, California billionaire David Murdock announced plans forthe N.C. Researchb Campus at the 350-acre former Pillowtex headquarters andmanufacturinh site. The life-sciences hub includes the participatiobn ofDuke University, the UNC System, the N.C.
Communityu College System, other educational institutions andbusines partners. The total investment is expected toreach $1.8 Residential and commercial developments are risingv around the campus with hopes of turning a former textile town, into a biotech center.
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