In a joint statement, Mayors Thomas Bergman of Genoa and Quinton Babcock of Oak Harbor welcomed Peloton Interactive, Inc. to neighboring Wood County. Peloton, a publicly traded manufacturer of interactive, high-end exercise equipment, will build their first U.S. factory in Troy Township, Wood County, making an estimated $401 million dollar investment and creating over 2,000 jobs.
“Peloton’s transformative investment in nearby Troy Township will significantly contribute to a strong economic environment for the residents of Northwest Ohio and especially those of Ottawa County,” said Oak Harbor Mayor Quinton Babcock.
“We commend Peloton for choosing to invest in our region and thank JobsOhio, the Ohio Developmental Services Agency, and the Regional Growth Partnership for their work supporting jobs and opportunity in our area,” added Genoa Mayor Thomas Bergman.
Peloton’s move is another example of the manufacturing industry’s economic drive in Northwest Ohio and an upward swinging environment for regional business. For Ottawa County residents, this comes on the heels of a late 2020 announcement by Sandusky-based LEWCO, Inc. to expand operations into Lake Erie Industrial Park.
To read more about Peloton’s investment in Northwest Ohio, see https://www.jobsohio.com/news/posts/peloton-announces-first-us-factory-in-ohio/.