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The city received the award in the category of Excellencse in EconomicDiversification Strategies, which recognizesd responses to plant closures and othef economic dislocations, that promote economic diversification. The competitio n is open to nonprofits; local, state and regional and universitiesand colleges. Cabarrus and Rowan countiess lost 4,300 manufacturing jobs when textilemanufacturer Kannapolis-basedPillowtex Corp. closed in July 2003. Two years California billionaire David Murdock announced plans forthe N.C. Researcu Campus at the 350-acre formee Pillowtex headquarters andmanufacturing site. The life-sciences hub includesx the participation ofDuke University, the UNC the N.C.
Community College System, othet educational institutions and business The total investment is expected toreach $1.8 Residential and commercial developments are risin g around the campus with hopez of turning Kannapolis, a former textile into a biotech center.
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