Potential loss of federal money causes S.C. businesses concern

By Mike Switzer

Published March 3, 2025 at 6:30 AM EST

Jessica Holdman, reporter for the South Carolina Daily Gazette in Columbia, S.C.

With the possibility of a lot of federal money leaving our state due to grant and contract cancellations coming out of Washington, we are going to talk today with one of our resident statewide fellow journalists to find out what she sees is happening as a result of this uncertainty. Mike Switzer interviews Jessica Holdman, a reporter with the South Carolina Daily Gazette in Columbia, S.C.

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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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