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Peloton Will Build First U.S. Factory in Ohio
Peloton Interactive said Monday it plans to build its first U.S. factory in Troy Township within Ohio’s Wood County. The 200-acre Peloton Output Park will be dedicated to producing Peloton’s award-winning Peloton Bike, Bike+ and Peloton Tread starting in 2023.
“While we will continue to invest in our Asian manufacturing footprint as well as our existing facilities in the U.S. via our Precor sites, the new Peloton Output Park gives us a massive strategic lever to make sure we have capacity, quality, and economies of scale in our bike and tread product lines,” said Peloton CEO John Foley.
Peloton expects to break ground on the site later this summer. Throughout the multi-year development, Peloton will commit approximately $400 million to the facility.
The Ohio Tax Credit Authority approved a 1.124%, seven-year Job Creation Tax Credit for the Peloton Output Park project, according to an announcement from Gov. Mike DeWine’s office.
- ◦Development
