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As published in Toledo Business Journal - June 1, 2021

Woman exercising using Peloton Tread

Peloton to build first US plant in Troy Township in Wood County

Peloton to invest $400M in Troy Township

Company to create close to 2,200 new jobs in plant opening in 2023

Peloton Interactive, Inc. is planning to build its first US factory in northwest Ohio. After a rigorous selection process, Peloton selected Troy Township in Wood County 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 Ohio Tax Credit Authority (TCA) has approved a 2.301%, 15-year Job Creation Tax Credit for this project.

“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,” said Peloton’s CEO and cofounder John Foley. “While we will continue to invest in our Asian manufacturing footprint, as well as our existing facilities in the US 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.”

Investing in American manufacturing

According to the company, Peloton Output Park is expected to sit on over 200 acres and have more than one million square feet of manufacturing, office, and amenities space, making it one of the largest connected fitness manufacturing plants in the world. The facility will be built from the ground up in the center of Troy Township and house industrial technology and automation to make products more efficiently and to ensure quality unit assembly. On campus, Peloton plans to incorporate renewable energy sources to power its operations.

“The pandemic has demonstrated the need to on shore manufacturing and rebuild supply chains, and Peloton’s decision to build its first North American manufacturing facility in Ohio is a great example of an American company stepping up and leading that effort,” said Ohio Governor Mike DeWine. “Ohio is excited to partner with Peloton’s forward-looking leadership team in developing a new, state-of-the-art facility using connective technology, and creating 2,174 new manufacturing jobs in Wood County.”

Peloton Output Park will be the latest addition to the company’s growing global manufacturing network that includes third-party partners in Asia and Peloton’s own facilities. Peloton will have more than one and a half million square feet of owned and leased manufacturing space just in the United States, including the Precor facilities in North Carolina and Washington state.

Growing the Peloton team and community

Woman working out using Peloton App on the monitor built into a Peloton Bike

Over the next few years, Peloton expects to add over 2,000 jobs to the Troy Township area across executive, managerial, and entry-level opportunities. Positions will span corporate, manufacturing, assembly, and quality assurance functions. The new jobs will generate $138 million in new annual payroll.

In addition to the active manufacturing floor, Peloton has plans to build ample office space for new team members including a fitness center with the latest connected fitness equipment and a team lounge with plenty of room to collaborate.

Peloton Output Park will also be open to the Troy Township and larger Midwest community. The company plans to host facility tours and open an on-site showroom. Customers will also have the option to check out Peloton products first hand.

Peloton’s site selection in Troy Township is contingent upon final approvals from State and local officials. The company is working closely with community leaders – such as JobsOhio, the Ohio Development Services Agency (ODSA), and the Regional Growth Partnership (RGP) – to bring the project to Wood County and make sure this new location complements the existing Troy Township community.

Peloton products

According to Peloton, an interactive fitness platform, with a loyal community of more than 5.4 million members, pioneering connected, technology-enabled fitness, and the streaming of immersive, instructor-led boutique classes for its members. Working at the nexus of fitness, technology, and media, Peloton has reinvented the fitness industry by developing a subscription platform that combines quality equipment, proprietary networked software, and streaming digital fitness and wellness content, creating a product that has enabled it to grow its members, noted officials. The brand’s content is accessible through the Peloton Bike, Peloton Tread, Peloton Bike+, Peloton Tread+, and Peloton App, which allows access to a full slate of fitness classes across disciplines, on any iOS or Android device, Apple TV, Fire TV, Roku TVs, and Chromecast and Android TV. Founded in 2012 and headquartered in New York City, Peloton has a growing number of retail showrooms across the US, UK, Canada, and Germany.