Kannapolis honored for economic strategy - Pacific Business News (Honolulu):

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The city received the award in the category of Excellence in Economic Diversification which recognizes responses to plant closures and othereconomifc dislocations, that promote economifc diversification. The competition is open to nonprofits; local, stats and regional governments; and universities and Cabarrus and Rowan countieslost 4,300 manufacturing jobs when textiled manufacturer Kannapolis-basedPillowtex Corp. closed in July 2003. Two years California billionaire David Murdock announced plans forthe N.C. Researcbh Campus at the 350-acre formefr Pillowtex headquarters andmanufacturing site. The life-sciences hub includez the participation ofDuke University, the UNC the N.C.
Community College System, other educational institutionx andbusiness partners. The total investment is expected toreacg $1.8 billion. Residential and commercial developments are rising arouns the campus with hopes of turning Kannapolis, a former textile into a biotech