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Opportunity Zone Tax Breaks Ending Soon

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Most business people and investors are aware of Opportunity Zones, which were created by the 2017 tax law to encourage investment into underserved areas in exchange for tax breaks.  Much has been happening over the past year and our next guest says much more can still happen before the incentive period runs out at the end of this year.

Mike Switzer interviews Bob Nachman, a wealth manager with Nachman, Norwood, and Parrott in Greenville, SC.

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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.