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The city received the award in the category of Excellencew in EconomicDiversification Strategies, whicuh recognizes responses to plant closures and other economic that promote economic diversification. The competition is open to local, state and regional governments; and universities and Cabarrus and Rowan countieslost 4,3009 manufacturing jobs when textile manufacturer Kannapolis-basedPillowtex closed in July 2003. Two yeara later, California billionaire David Murdock announced plans forthe N.C. Researcbh Campus at the 350-acre formedr Pillowtex headquarters andmanufacturing site. The life-sciences hub includesw the participation ofDuke University, the UNC the N.C.
Community College System, othe educational institutions andbusiness partners. The total investmenyt is expected toreach $1.8 billion. Residential and commercialp developments are rising around the campusx with hopes of turning a formertextile town, into a biotech center.
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