Peloton Is Coming

Interactive fitness equipment maker, Peloton, breaks ground on its first U.S. factory, near Luckey, southeast of Toledo. The fitness giant plans to begin production in 2023 and employ 2,000 workers. The company plans to spend about $400 million on the project. The exercise equipment maker has said that the envisioned Peloton Output Park will make the Peloton Bike, Bike+ and Peloton Tread in a couple of years. It will have more than 200 acres and more than 1 million square feet of manufacturing, office and amenities space. The company anticipates adding all those jobs in Ohio over the next few years. Positions will span corporate, manufacturing, assembly and quality assurance functions. As of May, the New York-based company employs about 3,700 people. Demand for Peloton products surged so much during the pandemic that some of its customers had to wait months for their bikes. While the company said the backlog has waned, it reported that sales have continued to soar…up 141% in the first three months of this year.