Sam Seltzer has been committed to personal enterprise throughout his life. In 1960, he founded Allison Corporation, a company that manufactures and sells a wide variety of automobile accessories with facilities in East Asia, Europe, and the United States. Allison was one of the first American companies to do business in Mainland China.
By the early 1980s, Sam came to recognize the need for undergraduate education in business skills, specifically for those young people wishing to join family enterprises or for those willing to make the commitment and to take the risks to start their own businesses. Thus, he became the founding chairman of Cornell PEP (Personal Enterprise Program); a program which began with one course in Business Planning, quickly grew to over 35 courses, mostly at the undergraduate level, and eventually merged into Entrepreneurship@Cornell (Entrepreneurship@Cornell).
In 1954, Seltzer started one of the first manufacturing operations to be set up under the Puerto Rican government's Operation Boot Strap. He was founder and an officer of the Commonwealth Manufacturers Association of Puerto Rico and the Plastic Manufacturers Association of Puerto Rico. The U.S. and Puerto Rican governments appointed him to serve on their respective committees to determine minimum wages for the island. From 1975-92, Sam Seltzer was also an officer and trustee of the Pension Fund of the United Furniture and Bedding Workers Union.
Sam Seltzer is a graduate of Cornell University.
One of the best ways that I created personal wealth other than the business was that I would never rent other than the first place for a year we rented. After that somehow or other I managed to buy the factory or warehouse without a mortgage or I paid it off as quickly as I could because the express...(Full transcript available to logged in subscribers.).
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