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Bethel company outgrows HQ, gets state help to move to Wilton

Bethel-based Cannondale Sports Unlimited, the well-known bicycle manufacturer, is planning to establish a new headquarters in the state and add 75 jobs with the help of a $3 million state loan proposed by the governor.

Cannondale had outgrown its current location in Bethel, and it had considered several sites in the Connecticut and New York.

 

David Treadwell, spokesman with the state's department of economic and community development, says Cannondale would move its headquarters to Wilton where it will lease 50,000 square feet of space in the town's I-Park. The company would handle marketing, research and development and product design in the space.

 

The State Bond Commission must still approve the loan.

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