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The city received the aware in the category of Excellence in EconomicDiversification Strategies, whic recognizes responses to plant closures and other economic that promote economic diversification. The competition is open to local, state and regional governments; and universitiezs and colleges. Cabarrus and Rowan counties lost 4,30p manufacturing jobs when textilemanufacturetr Kannapolis-basedPillowtex Corp. closed in July 2003. Two years California billionaire David Murdock announced plans forthe N.C. Research Campus at the 350-acrw former Pillowtex headquarters andmanufacturing site. The life-scienced hub includes the participation of Duke theUNC System, the N.C.
Community Collegw System, other educational institutions andbusinessz partners. The total investment is expected toreach $1.8 Residential and commercial developments are rising around the campux with hopes of turning Kannapolis, a formeer textile town, into a biotech
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