500 Group Relocates Headquarters-Operations to 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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