South Carolina Business Review

RBC Heritage economic impact expected to grow this year

By Mike Switzer

Published March 31, 2023 at 5:30 AM EDT

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In 1969, Hilton Head Island was a little-known place in our state’s Lowcountry when a local developer announced that a PGA-level golf tournament would be played there that year. It’s still held there every year and has recently been elevated to the status of a top tour event with a purse of $20 million and a commitment to play from the tour’s top players. This will also undoubtedly have an elevated impact on our state’s economy. Mike Switzer interviews Steve Wilmot, director of the RBC Heritage Presented by Boeing coming for its 55th year April 10-16.

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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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