TROY TOWNSHIP, Ohio (WTVG) - Popular cycle and treadmill machine maker Peloton has chosen a Wood County township as the site for its first manufacturing facility in the United States.
Troy Township, in eastern Wood County, was picked as the site. The Peloton facility will create more than 2,000 skilled manufacturing jobs as the company invests $400 million to build the facility. It will generate a total of $138 million in new annual payroll.
According to a press release from the office of Ohio Governor Mike DeWine, the Ohio Tax Credit Authority approved a 1.124 percent, seven-year Job Creation Tax Credit for this project.
The Peloton Output Park state-of-the-art factory will begin producing the Peloton Bike, Bike+, and Peloton Tread starting in 2023.
“I am very happy to announce that with a very competitive selection process, the ever-popular Peloton has decided to begin their professional journey in the United States right here in our very own Troy Township,” said State Rep. Haraz N. Ghanbari (R-Perrysburg). “This is very exciting news and shows economic promise for Wood County as this will bring further development and jobs to Northwest Ohio.”
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May 24, 2021 at 11:29PM
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