Wednesday, December 28, 2011

Kannapolis honored for economic strategy - Charlotte Business Journal:

pabigy.wordpress.com
The city received the award in the category of Excellence in EconomicDiversification Strategies, which recognizes responses to plant closurexs and other economic dislocations, that promotew economic diversification. The competition is open to local, state and regional governments; and universities and colleges. Cabarrusx and Rowan counties lost 4,300 manufacturing jobs when textilrmanufacturer Kannapolis-basedPillowtex Corp. closed in July 2003. Two yearss later, California billionaire David Murdock announced plans forthe N.C. Researchb Campus at the 350-acre former Pillowtedx headquarters andmanufacturing site.
The life-sciences hub includes the participation of Duke theUNC System, the N.C. Communityg College System, other educational institutions and business The total investment is expected toreacjh $1.8 billion. Residential and commercial developmentz are rising around the campus with hopes ofturning Kannapolis, a former textile town, into a biotechy center.

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