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Charleston Economic Engine Steaming Along

South Carolina Business Review logo

If there’s any area of our state that could be identified as an economic powerhouse, Charleston would certainly qualify.  What can the business activity there tell us about our state as a whole?

Mike Switzer interviews Frank Hefner, the director of the Office of Economic Analysis at the College of Charleston in Charleston, SC.

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.