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Deal To Move Cannondale Bikes Back To Wilton Draws Questions

Cannondale's move to Wilton and the state loan it received to do so is raising questions with some local politicians.
Cannondale's move to Wilton and the state loan it received to do so is raising questions with some local politicians. Photo Credit: Cannondale Sports Unlimited Facebook

WILTON, Conn. -- When bike manufacturer Cannondale announced it was moving back to its original home in Wilton , the decision was hailed as an economic save for keeping 150 jobs within Connecticut borders, but concerns about the company's move are beginning to surface, according to the Danbury News-Times .

Cannondale was issued a $3 million loan from the state Department of Economic and Community Development, most of which is forgivable provided it adds 75 jobs. Some local politicians are concerned the loan amounts to corporate welfare, the News-Times reported.

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