Peloton pedaling to Ohio: New plant to bring 2,000 jobs to Wood County

Photo of Andrew “Donovan” Valdivia on Unsplash

Sports equipment manufacturer Peloton announced on Monday that it will be building its first US manufacturing facility in Troy Township.

The groundbreaking ceremony for the $ 400 million Peloton Outlet Park, located on 200 acres in east Wood County, is slated to begin this summer. Peloton estimates the facility will add more than 2,000 jobs to Ohio.

“We are excited to bring much of our production to the United States and are proud to have it in the great state of Ohio,” said John Foley, CEO and co-founder of Peloton, in a press release.

The planned facility will have a production hall, office space, a team lounge and even a complete fitness center for employees. The company also plans to set up an on-site showroom to allow customers to see Peloton products.

Governor Mike DeWine said in a press release that Peloton has approved a 1.124 percent job creation tax credit over a seven year period.

Peloton currently manufactures its products through third-party facilities in Asia, according to CNBC, but increased demand during the COVID-19 pandemic has resulted in product delays.

The company expects the Troy Township facility to be ready in 2023.

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