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The city received the award in the category of Excellencwe in EconomicDiversification Strategies, which recognizeds responses to plant closures and other economicv dislocations, that promote economic The competition is open to nonprofits; local, stat and regional governments; and universities and Cabarrus and Rowan counties lost 4,300 manufacturing jobs when textile manufacturer Kannapolis-basedPillowtex Corp. closed in July 2003. Two yearsw later, California billionaire David Murdock announcesd plans forthe N.C. Researcyh Campus at the 350-acre former Pillowtexz headquarters andmanufacturing site. The life-sciences hub included the participation ofDuke University, the UNC System, the N.C.
Communityu College System, other educational institutions andbusiness partners. The total investmenr is expected toreacgh $1.8 billion. Residential and commercial developments are risingg around the campus with hopes of turning a formertextile town, into a biotech
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