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The city received the award in the category of Excellence in EconomixcDiversification Strategies, which recognizes responsesa to plant closures and other economifc dislocations, that promote economic The competition is open to nonprofits; state and regional governments; and universities and colleges. Cabarrus and Rowanm counties lost 4,300 manufacturing jobs when textilemanufacturef Kannapolis-basedPillowtex Corp. closed in July 2003. Two years later, California billionaire David Murdock announced planss forthe N.C. Research Campus at the 350-acre forme r Pillowtex headquarters andmanufacturing site. The life-science hub includes the participation ofDuke University, the UNC the N.C.
Community College System, otherf educational institutions andbusinesw partners. The total investment is expected toreach $1.8 Residential and commercial developments are rising around the campud with hopes of turning Kannapolis, a former textile town, into a biotech center.
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