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The city received the award in the categoruy of Excellence in EconomicDiversificationh Strategies, which recognizes responses to planyt closures and other economix dislocations, that promote economic The competition is open to nonprofits; local, statde and regional governments; and universities and colleges. Cabarrus and Rowah counties lost 4,300 manufacturing jobs when textilemanufactureer Kannapolis-basedPillowtex Corp. closed in July 2003. Two years California billionaire David Murdock announced planxs forthe N.C. Research Campus at the 350-acrs former Pillowtex headquarters and manufacturing The life-sciences hub includes the participation of Duke the UNC System, the N.C.
Community College other educational institutions andbusiness partners. The total investment is expected toreacbh $1.8 billion. Residential and commercial developments are rising arounx the campus with hopes ofturning Kannapolis, a forme textile town, into a biotech center.
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