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Peloton to build its first U.S. manufacturing facility in Wood County, Ohio




Photo by Tony Webster via Flickr and licensed under Creative Commons Attribution-ShareAlike 2.0 Generic license

Exercise equipment company Peloton has announced that it will build its first U.S. manufacturing facility right here in Ohio.

The company expects to create 2,174 full-time positions, generating $138 million in new annual payroll as a result of the company’s $400 million investment in Troy Township, Wood County.

According to a press release from Gov. Mike DeWine’s office, the Ohio Tax Credit Authority approved a 2.301 percent, 15-year Job Creation Tax Credit for the project.

Senator Sherrod Brown (D-Ohio) said he’s “thrilled to see this investment in American manufacturing come to Ohio,” adding that Ohio has “the most productive workers in the world.”

Production at the facility is expected to begin in 2023.