Business

BestCo will add 141 new jobs in Mooresville

Feb. 20. BestCo, a developer and manufacturer of consumer healthcare products, will invest $47.5 million in its Mooresville operations, creating 141 jobs.

BestCo, which began as a confectioner known as Beacon Sweets in New Jersey, is now a leading developer of consumer healthcare products, including over-the-counter drug products and dietary supplements.

The company creates new medications and supplements with flavor appeal, such as chewable products.

“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,” Gov. Roy Cooper said. “Employers that know North Carolina know we have the talent, infrastructure and businesses climate they need to thrive.”

Tim Condron, president and COO, said the fast-growing business is starting a new chapter.

BestCo began as a candy company and used its knowledge of customer tastes to make medicines and supplements more appealing.

Salaries for the new jobs will vary by position but will average $48,308, higher than the Iredell County average wage of $47,345.

A performance-based grant of $150,000 from the One North Carolina Fund is part of the eco-devo package.  The One N.C. Fund provides financial assistance to local governments to help attract economic investment and to create jobs. Companies receive no money upfront and must meet job creation and capital investment targets to qualify for payment. All One NC grants require a matching grant from local governments and any award is contingent upon that condition being met.

In addition to North Carolina Commerce and the Economic Development Partnership of North Carolina, other key partners in the project include the North Carolina General Assembly, North Carolina Community College System, Centralina Workforce Development Board, NC Works, the Economic Development Partnership of North Carolina, the City of Mooresville and Iredell County.

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