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There are eight main laboratories in the David H. Murdock Core <br />Laboratoiy including Genomics, Proteomics, Metabolomics, <br />Histoclremistry, Microscopy, Cell Culture and Transgenics, Clinical <br />Discovery, and the Nuclear Magnetic Resonance spectrometer <br />effort. This new corridor will not only become a vital <br />part of the NCRC transportation support system, it will <br />also likely become a major economic support corridor <br />as well. <br />Five years into the project, the NCRC development <br />is moving, and the post recession pace has picked up. <br />New restaurants have opened in downtown Kannapo- <br />lis, and during the construction of the Core Lab sev- <br />eral of the universities took up temporary space in the <br />downtown retail district. Rowan- Cabarrus Community <br />College (RCCC) established a career development cen- <br />ter offering a variety of services to the general public. <br />The Cabarrus Health Alliance, the local public health <br />organization, is constructing its new facility near the <br />downtown area, to be completed in early 2012. <br />PREPARING THE LARGER COMMUNITY — <br />TRANSFORMING KANNAPOLIS' CULTURE <br />As the North Carolina Research Campus began to <br />develop, a top priority for the city was to make sure <br />the opportunities the campus presented could be <br />maximized. The city retained Market Street Services <br />from Atlanta, GA, to conduct an economic impact <br />and Strengths, Weakness, Opportunities, and Threats <br />(SWOT) analysis. The results were startling. <br />According to the impact analysis, the cam- <br />pus could generate 37,000 jobs in the six - <br />county region in about 25 years after full build - <br />out. In fact, this report confirmed what city <br />management suspected — that the campus has <br />"the potential to become a major economic en- <br />gine for the region and state." Although the <br />economy has slowed greatly since the impact <br />analysis was done in 2006, city officials believe <br />the potential job creation still exists but over a <br />much longer timeframe. <br />The SWOT found, however, that the po- <br />tential will not be realized unless the city <br />takes well - planned steps to maximize its im- <br />pacts. Market Street completed an in -depth analysis <br />that compared Kannapolis to Cary, NC; Rockville, MD; <br />and Rochester, MN. Each of these communities has an <br />economic base strongly influenced over many years by <br />biotechnology and other high -tech businesses. When <br />city management compared Kannapolis to these places, <br />areas were found where the entire community needed <br />to improve in order to reach its full potential. <br />These areas of improvement form the basis of Kan - <br />napolis' transformation from a textile community to <br />one that competes in a 21 century knowledge -based <br />economy. In fact, Market Street Services found that the <br />campus will not attract 37,000 jobs without the com- <br />munity as a whole aggressively addressing some of the <br />issues found in the comparison. <br />The key issues that the SWOT analysis highlighted <br />were related to: <br />• Improving K -12 education, <br />• Preparing the workforce for biotechnology- related <br />jobs, <br />• Improving quality of life by expanding amenities, <br />• Promoting smart growth and creating a sense of <br />place, and <br />• Embracing diversity. <br />Implementation of the SWOT analysis recommen- <br />dations and related strategies has been an incremental <br />process. A new biotechnology wing is being complet- <br />ed at A.L. Brown High School. The new building will <br />house current classes, such as genetics and biotechnol- <br />ogy and Mandarin Chinese, and will offer new courses <br />like molecular biology, engineering, and culinary arts. <br />In addition, one of the local elementary schools will be <br />converted into a STEM (science, technology, engineer- <br />ing, and math) magnet program. A two - county effort to <br />develop another STEM strategy is underway, facilitated <br />by the statewide NC STEM initiative. The chambers of <br />commerce, EDOs, and business leaders in both coun- <br />ties are working with RCCC to develop this as an edu- <br />cation and workforce development project. <br />In April 2011, Kannapolis adopted a Center City <br />Master Plan in an attempt to stimulate revitalization of <br />the downtown area. In addition, the city established <br />new citizens' commissions to advise City Council on <br />According to the impact analysis, the campus <br />could generate 37,000 jobs in the six - county <br />region in about 25 years after full build -out. In <br />fact, this report confirmed what city manage- <br />ment suspected — that the campus has "the <br />potential to become a major economic engine <br />for the region and state." <br />Attachment number 1 <br />Economic Development Journal / Spring 2011 / Volume 10 / Number 2 43 <br />1 -1 Page 603 <br />