Peloton to build first U.S. factory in Ohio’s Troy Township

The foundation stone for this summer will be laid with production from 2023. Over 2,000 jobs will be created.

WOOD COUNTY, Ohio – Peloton Interactive Inc., one of the best-known names in home fitness equipment, is planning to build its first US factory in Troy Township.

Peloton made the announcement on Monday. The company plans to lay the foundation stone for the facility known as Peloton Output Park this summer and begin production in 2023.

The $ 400 million investment creates more than 2,100 jobs and generates annual wages of $ 138 million.

The regional growth partnership confirmed Monday that the location is the Eastwood Commerce Center near US Route 20 near the I-280 interchange. The plant will stand on more than 200 hectares. The 1 million square meter plant will consist of production, office and equipment space.

Peloton Output Park. Coming in 2023. pic.twitter.com/7n0XW8e6xB

– Peloton (@onepeloton) May 24, 2021

The Ohio Tax Credit Authority approved a 15-year job creation tax credit of 2.301 percent for the project, according to Governor Mike DeWine’s office.

“We are very excited to be bringing a good portion of our production to US soil and are proud that it will be located in the great state of Ohio,” said John Foley, CEO and co-founder of Peloton The new Peloton Output Park features about ours Precor locations a manufacturing space as well as our existing facilities in the US and gives us massive strategic leverage to ensure we can support capacity, quality and economies of scale in our bicycle and treadmill product lines.We are thrilled to welcome the Troy Township community in the Peloton family. ”

BIG NEWS: Peloton is building its first U.S. factory in Ohio, creating over 2,000 skilled manufacturing jobs in Wood County.

I am delighted that this investment in American manufacturing is coming to Ohio – we have the most productive people in the world. https://t.co/vISry1AKO9

– Sherrod Brown (@SenSherrodBrown) May 24, 2021

🚨 Peloton ONLY announced that they will be laying the groundwork for a new facility in Wood County. The new plant will create over 2,000 jobs for # OH5! I look forward to the opportunities Peloton will bring to Northwest Ohio and our communities. https://t.co/A3qQsEtOAY

– US MP Bob Latta (@boblatta) May 24, 2021

WTOL will tell you more about this story as it develops.

RELATED: Signs of Life on Old Woodville Mall Lot as the Cornerstone of New Developments

RELATED: Peloton CEO Apologizes, Recalls All of His Treadmills After Child Death, 70 Incidents

Comments are closed.