The Career of Sam Kislin, Founder of Trans Commodities, Inc.
About Sam Kislin
Originally from the Ukraine, Sam Kislin relocated to the United
States in the 1970s. The holder of a degree from the Institute of
National Economy in Moscow, Kislin first resided in Boston with his
family prior to moving to Brooklyn. In New York, he opened Joy Lud
Electronics, a unique venture that became the city's first electronics
store catering to visitors from outside of America. He coordinated deals
with individuals in the former Soviet bloc, and many travelers from
Eastern Europe visited Sam Kislin's 23rd and 5th location for the latest
Following the fall of the USSR, Kislin transitioned into the commodities markets with the creation of Trans Commodities, Inc. For over 20 years, he has overseen the company, which sources metals in Russia and the Ukraine. This renowned entity has established branches in the Urals, Switzerland, Russia, and other countries. Moreover, Sam Kislin funds the operations of mills and the development of real estate in Odessa and Moscow.
The City of New York has recognized Kislin's many contributions to its business community. For seven years, he sat on the Mayor’s Council of Economic Advisors after being appointed by Mayor Rudolph Giuliani. In 2003, the New York City Council bestowed upon him its rare honorary citizenship for the city.
The Impact of Immigrant Entrepreneurs in the United States
A former member of the New York Economic Development Board and named “Man of the Year” by the UJA-Federation of New York, Semyon (Sam) Kislin also served on Mayor Rudy Giuliani’s Council of Economic Advisors. Sam Kislin established himself as a successful entrepreneur after immigrating to the United States from the Ukraine and currently leads Trans Commodities Inc., a company he founded more than two decades ago.
Immigrants have made a significant impact on entrepreneurship in the United States. The following are facts about their success stateside.
1. Approximately 40 percent of Fortune 500 companies in 2010 were founded by immigrants or their offspring. These companies generated jobs for 3.6 million people.
2. Notable American brands, including Kraft, Proctor & Gamble, Nordstrom, and Honeywell were launched by immigrants.
3. Immigrant-founded venture-backed companies that have gone public had a market capitalization of $900 billion as of June 2013.
4. Between the years of 2006 and 2012, a third of venture-supported companies that launched an initial public offering had at least one immigrant founder.