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The city received the award in the categor y of Excellence in EconomicDiversification Strategies, which recognizess 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 4,309 manufacturing jobs when textile manufacturer Kannapolis-basedPillowtex Corp. close d in July 2003. Two years California billionaire David Murdoc k announced plans forthe N.C. Researchy Campus at the 350-acre former Pillowtes headquarters andmanufacturing site. The life-sciencex hub includes the participation ofDuke University, the UNC System, the N.C.
Communitt College System, other educational institutions and business The total investment is expected toreachy $1.8 billion. Residential and commercial developments are rising around the campus with hopeas ofturning Kannapolis, a formerd textile town, into a biotech center.
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