Pharmaceutical positions are opening up to nearly 400 jobs. Over-the-counter pharmaceutical company BestCo LLC is investing another $177 million in expanding its North Carolina facilities. This is according to an announcement from the Iredell County Economic Development Corporation and state officials. BestCo has developed and manufactured over-the-counter drugs, vitamins, and dietary supplements. Designed to increase the company’s production capacity, the investment is going to create 394 jobs with an average salary of $51,209, which is slightly higher than the Iredell County average. Also, the company is moving into an existing 215,000 square foot manufacturing building at 208 Manufacturers Blvd., about 40 minutes north of Charlotte, and building a new facility on the same site.
Pharmaceutical Positions – BestCo
In 2019, BestCo did invest about $50 million in an expansion. Thus, at the time, the company did have roughly 500 employees. Then, with the latest expansion which is complete, that number is going to double. A 12-year, performance-based Job Development Investment Grant is what the company is going to receive up to $2,000,250 in state incentives.
“Also, North Carolina is one of the top locations in the world for pharmaceutical(s),” Gov. Roy Cooper did say in a news release. “Plus, manufacturers do like BestCo help to keep us there.”
Therefore, BestCo’s customers do include private label retailers in the food, drugstore, and mass merchant industries. Those are branded global consumer product companies. Also, BestCo’s products do include Lozenges, Soft Chews, pan-coated SuperChew, and the industry’s first drug-compliant chewable gel gummy, which is known as the SuperGel. This is according to the state. Moreover, BestCo’s project in the local city will add a production. Plus, the packaging capacity to its present operations with really a focus on its gummy line of products.
“Moreover, there is ongoing support and partnership from the state, county, and city officials which been instrumental in BestCo’s rapid growth and success in the region in the most present years,” company President Tim Condron said in a statement. In fact, the counties are surrounding Charlotte have thus attracted a number of large-scale economic development projects in the last year. Last month, the pharmaceutical giant Eli Lilly has announced that it would build a major manufacturing facility in Concord. In fact, it has created about 600 jobs and thus invested nearly $1 billion. Moreover, the facility will be at the old Phillip Morris cigarette manufacturing site. That same site attracted a $740 million investment from beverage companies Red Bull and Rauch last summer.