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Textile mill reclamation tax credits up for renewal in S.C.

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SC Public Radio
Mike Switzer, host of the South Carolina Business Review

When the once-busy textile mills in our state became empty and abandoned due to the off-shoring of the textile industry to places like China and Vietnam, they became eyesores and part of the problem of urban blight. But over the years, many have been reclaimed and reused as living and shopping spaces, thanks to state legislation that provided tax credits. Our next guest has been actively involved in renewing and improving these credits. Mike Switzer interviews Phillip Land, an attorney with Haynsworth Sinkler Boyd in Greenville, S.C.

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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.