Best Bev NY Project

Best Bev provides co-packing, material sourcing, storage, and brand distribution for both alcohol and non-alcoholic beverages. Current demand in these areas outpace existing suppliers.Best Bev will establish a modern manufacturing facility located at 685 Broad Street Ext., Waverly. The firm has committed to a 20 year lease in a 136,000 SF warehouse with a 10 year option for renewal.Once the renovation is complete, the facility will house production equipment that will increase Best Bev’s canning capacity 10-fold. The new equipment along with its ideal location will help customers capitalize on innovation and scale without risk— and provide the possibility to introduce new high-quality products. Best Bev in turn will receive additional revenues with the increase in services, while the customers are in a better position to scale their products, increase their efficiencies and free up more time to focus on their sales instead of production. The Waverly multi-faceted facility will strategically take advantage of the future opportunities within the small to mid-size beverage production. This $16 million project will create 65 FTE jobs.
Program Name:
Empire State Development Grant Funds
Agency ID:
ESD
Applicant Name:
Best Bev
Region:
Southern Tier
County:

Tioga

CFA Number:
119250
Round Number:
12
Award:
$3,200,000

Project Status
Green - On Schedule
Anticipated Completion Date:
Contract Executed:
 
PROJECT STATUSES
Blue - Complete Green - On Schedule Yellow - Progressing Slowly Red - Concerns Pending Orange - Contract Not Executed Black - Cancelled/Declined