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The company has leased an approximately 50,000-square-foot space in Wilton’s I-Park, where it will handle marketing, research and development, and product design.
“The Cannondale brand was born in Wilton many years ago, so to have them return is a proud moment for all of us in town,” Wilton First Selectman Bill Brennan said in a statement from the governor's office. “CSU will bring quality jobs to our community and complements our economic development initiatives.
“I am particularly excited by the fact that the company, which is focused on biking and being outdoors, will be located in the I-Park office complex directly adjacent to the rapidly developing Norwalk River Valley Trail,” Brennan continued. “This project is a great fit for Wilton, Cannondale employees, and the region in so many ways.”
The company, which has outgrown its current Bethel headquarters, is the umbrella company that produces a broad range of brands, including Schwinn, Mongoose, RoadMaster, Kid Trax and Cannondale. The company expects to be in Wilton this fall.
“Cannondale Sports Unlimited has always revolved around great people who are passionate about building our brands to create a fun, healthy world,” Bob Baird, CEO and president of Cannondale Sports Unlimited, said in the statement. “After considering several locations in Connecticut and New York, we are thrilled to be able to expand our operations in Wilton, the original home of our Cannondale brand, to continue our legacy of growth and innovation.”
The state Department of Economic and Community Development has offered to provide the company with a 10-year loan of $3 million to outfit the new headquarters, purchase office and IT equipment, and support job training needs. The funding still needs to be approved by the state Bond Commission.
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