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Business & Economy

Husted talks Peloton and the business climate in Ohio right now

Dan Konik
Statehouse News Bureau

Earlier this week, Peloton announced it won’t be building the huge factory that had been planned in the Toledo area due to the company’s financial difficulties. Ohio Lieutenant Gov. Jon Husted said while the Peloton project won’t be going forward, he thinks something else might because they have "basically built a prime site up there for someone else."

“They have already invested $100 million in that facility. That’s my understanding. And that facility, they will sell to another end user. They basically built a prime site up there for someone else," said Husted.

The project was set to receive nearly $50 million in state tax incentives but wasn’t yet eligible, so no money has to be clawed back. Husted said he wouldn’t be surprised if another business decides to come into that space with a similar project.

 Rendering of planned Rumpke Recycling facility in Columbus, Ohio
Threadpath Media
Rendering of planned Rumpke Recycling facility in Columbus, Ohio

Husted said Ohio has attracted some new business projects around the state that are using state-of-the-art, cutting-edge technology. In addition to the massive $20 billion dollar Intel semiconductor chip processing factory planned in central Ohio, smaller projects are coming in too. Take the new Rumpke recycling facility in Columbus, being hailed as the 5th largest of its kind in North America.

“It’s a $50 million private investment. It will process up to 50 tons of material every hour for recycling,” said Husted.

Husted said it will be a 200,000 square foot facility that will use robotics and artificial intelligence to sort recycled materials. He said it is expected to create 60 new jobs for which people can be trained to do maintenance and handle software needs. The new Rumpke project will serve 36 Ohio counties and will remain in the Milo-Grogan area of Columbus where the company already has its headquarters. Husted said these new jobs will pay better than many typical factory jobs.

As far as incentives are concerned, Husted said the state did not give any financial incentives to Rumpke for its new venture. Reports from JobsOhio, the state’s non-profit job creation company, are not providing incentives for the Rumpke project either.

Copyright 2022 The Statehouse News Bureau. To see more, visit The Statehouse News Bureau.

Jo Ingles is a professional journalist who covers politics and Ohio government for the Ohio Public Radio and Television for the Ohio Public Radio and Television Statehouse News Bureau. She reports on issues of importance to Ohioans including education, legislation, politics, and life and death issues such as capital punishment.