Peloton Picks Ohio for Its First U.S. Factory

Peloton bike

Peloton Interactive announced plans to build its first U.S. factory in Ohio, creating more than 2,000 jobs and investing more than $400 million in the state-of-the-art factory.

The new facility, in Troy Township between Toledo and Bowling Green, will be named Peloton Output Park and will produce Peloton Bike, Bike+ and Peloton Tread starting in 2023. It will employee 2,174 people and generate $138 million in new payroll.

The state approved a 2.301%, 15-year job creation tax credit for the company.

Read More

US Economic Growth Hits 3.2 Percent in 2019

by Tim Pearce   The U.S. economy grew at an annualized rate of 3.2 percent in the first quarter of 2019, smashing experts’ expectations, according to the Department of Commerce (DOC) data released Friday. Economists predicted that the federal government shutdown and cold weather that slowed economic activity in parts…

Read More