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500 Group Relocates Headquarters-Operations to Las Vegas, Nevada

09/07/2017
500 Group, a privately held intellectual property, product development and investment company, will relocate its headquarters to downtown Las Vegas, Nevada.

Formerly headquartered in Connecticut, 500 Group is currently pursuing several major directly operated projects in the automotive, blockchain and building construction industries.

Founder & CEO Paolo Tiramani said, "Nevada has an incredibly business-friendly tax system and elected officials who understand how to attract those of us who create new businesses from the ground up,"

"Las Vegas is home to a lively startup scene, easy air and ground transport access and a history of thinking big. The city is a perfect match for our business," said Tiramani.

Directly operated 500 Group projects slated for Nevada include Boxabi, an innovation in building construction technology; and Supercar System, an award-winning modular performance automotive system for the powersports market based in a new 20,000-square-foot R&D facility at the Las Vegas Motor Speedway. Both projects will use proprietary 500 Group technology and are backed by a worldwide supply chain and team of industry experts.

The company has licensed its intellectual property across a variety of industries to major partners including Stanley Black & Decker, Inc. 500 Group products are distributed worldwide among most major retailers including Home Depot, Lowe's, Walmart and Target.

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