Healthcare product manufacturer BestCo LLC has announced a $47.5 million expansion in Mooresville, which will create 141 jobs with an average salary of $48,308 (about $1,000 higher than Iredell County’s average).
Governor Cooper sent out the following statement about the announcement:
“Companies choose to invest in communities where they’ll be able to succeed, and BestCo decided to expand in Mooresville because it knows this community. Employers that know North Carolina know we have the talent, infrastructure and businesses climate they need to thrive.”
BestCo was originally founded in 1976 as Beacon Sweets in Newark, New Jersey and moved to their current Mooresville location in 1988.
They started as a confectioner and is now a leading developer of consumer healthcare products, including over-the-counter drug products and dietary supplements. They offer product development and testing, manufacturing, packaging and marketing services to private label and contract manufacturing clients in the consumer healthcare and retail industries, including Fortune 100 companies.
A performance-based grant of $150,000 from the One North Carolina Fund will help facilitate BestCo LLC’s expansion of its existing facility in North Carolina. The One N.C. Fund provides financial assistance to local governments to help attract economic investment and to create jobs.
The starting average salaries for the new jobs will vary by position but will average $48,308, which is currently higher than the Iredell County average individual income of $47,345.