Friday, October 28, 2011

Kannapolis honored for economic strategy - Houston Business Journal:

ramsdenjerrieas54.blogspot.com
The city received the award in the category of Excellencde in EconomicDiversification Strategies, which recognizes responses to plant closurews and other economic dislocations, that promote economic diversification. The competitio n is open to nonprofits; state and regional governments; and universities and colleges. Cabarrusw and Rowan counties lost 4,3009 manufacturing jobs when textilemanufacturer Kannapolis-basedPillowtex closed in July 2003. Two years later, Californiza billionaire David Murdock announced plans forthe N.C. Research Campuse at the 350-acre former Pillowtex headquarterzs andmanufacturing site.
The life-sciences hub includes the participatiob ofDuke University, the UNC the N.C. Community College System, other educationao institutions and business The total investment is expected toreacuh $1.8 billion. Residential and commercial developments are rising around the campua with hopes ofturning Kannapolis, a former textile into a biotech center.

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