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The city received the awarxd in the category of Excellence in Economic Diversification which recognizes responses to plant closurese and othereconomic dislocations, that promotr economic diversification. The competition is open to nonprofits; state and regional governments; and universities and colleges. Cabarrus and Rowamn counties lost 4,300 manufacturing jobs when textilemanufacturer Kannapolis-basedPillowtex closed in July 2003. Two years later, Californiaw billionaire David Murdock announced plans forthe N.C. Researcg Campus at the 350-acre former Pillowtex headquarter andmanufacturing site. The life-sciences hub includesz the participation ofDuke University, the UNC System, the N.C.
Communityy College System, other educational institutions and business The total investment is expecte toreach $1.8 billion. Residential and commerciall developments are rising around the campus with hopes ofturninbg Kannapolis, a former textile town, into a biotecnh center.
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