South Carolina Business Review

SC economy impacted by national trends

By Mike Switzer

Published September 7, 2022 at 5:30 AM EDT

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By now, we’re all pretty aware of the national economic trends underway of rising interest rates, high inflation, and a tight labor market. How are these currently impacting our state and what is the forecast? Mike Switzer interviews Mark Witte, director of the MBA program at the School of Business at the College of Charleston

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Mike Switzer

After almost 20 years, Mike Switzer retired from Wells Fargo Securities in 2001 as Senior Vice President/Investment Officer and Certified Portfolio Manager. In 1999, he and his wife, Maggie, purchased and operated for eight years the Baskin Robbins ice cream store on Forest Drive in Columbia. They grew the store from a bottom-tier operation in the Baskin Robbins franchise system to one in the top 5% nationwide within three years, tripling sales along the way. While operating the ice cream store, Mike and Maggie received patents for a portable ice cream sink and fold-down sneezeguard they invented and in 2002 started Magnolia Carts, an ice cream cart manufacturing company, which they sold in 2013.

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