Peloton Announces First U.S. Factory in Ohio

Company will break ground in the summer of 2021 and create over 2,100 jobs in Northwest Ohio
Posted on

Company Name: Peloton Interactive, Inc.
Location: Wood County
Industry Sector: Advanced Manufacturing
Company Profile: Peloton Interactive, Inc. is primarily engaged in the retail sale of sporting goods, sporting equipment, and bicycles, bicycle parts, and accessories.
Company Website: https://www.onepeloton.com/

Project Summary:

  • Type of Project: New Location
  • Jobs:
    • Jobs committed: 2174
    • Jobs retained: 0
    • Types of Jobs: Over the next few years, Peloton expects to add jobs across executive, managerial, and entry-level opportunities. Positions will span corporate, manufacturing, assembly and quality assurance functions.
  • Capital Investment: $401,000,000

 

Company Need:

Peloton Interactive, Inc. announced plans to build its first U.S. factory. After a rigorous selection process, Peloton selected Troy Township in Wood County, Ohio for the site of Peloton Output Park (POP), a state-of-the art factory that will be dedicated to producing Peloton’s award-winning Peloton Bike, Bike+ and Peloton Tread starting in 2023. 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 new facility enables the company to on-shore operations with access to an available skilled manufacturing workforce, existing supplier network, speed to market, and an effective cost structure enabling Peloton to meet increased demand and reduce logistic costs and support speed to market.

Testimonial:

“We are thrilled to bring a good portion of our manufacturing to United States soil and proud that it will be in the great state of Ohio. 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, to support our continued growth for years and years to come. We are incredibly excited to meet and welcome the Troy Township community into the Peloton family fold.”
– John Foley, CEO and co-founder, Peloton

 

Why Ohio?

After conducting a nationwide search where the company evaluated numerous potential sites, we landed in Ohio because Troy Township delivers the right state and local partnerships along with the outstanding talent needed to build the team.

“Today’s announcement by Peloton is more evidence of the economic momentum in Ohio,” said J.P. Nauseef, president and CEO of JobsOhio. “As we emerge from the pandemic, Ohio is positioned to lead the American Midwest in the recovery. More and more businesses and individuals are seeing Ohio’s true potential and bringing their capital investment and families here. This is Ohio’s time!”

CLICK HERE to read the full release.

Collaborators:

JobsOhio, Ohio Development Services Agency, Regional Growth Partnership, Wood County Economic Development Commission, Ohio Department of Transportation, and local utility partners.