SC Ocean Economy Boosts Overall Recovery

By Mike Switzer

Published August 26, 2021 at 5:30 AM EDT

South Carolina is an ocean state with a significant ocean economy consisting of everything from tourism to boat-building to offshore energy. Our next guest’s organization recently released a report measuring that activity and you may be surprised by some of the statistics.

Mike Switzer interviews Matt Gorstein, an economist with the South Carolina Sea Grant Consortium in Charleston, SC.

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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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