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Turning textile mill blight into opportunity

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

Late last year, we spoke with our next guest about our state’s Textile Mill Revitalization Tax Credit, designed to rehabilitate old textile mills and turn them into economic opportunities. Many mills have taken advantage of this, but what about the blight that still surrounds these old mills? Well, the Department of Revenue has just issued new guidance on this topic. Mike Switzer interviews Phillip Land, an attorney with Haynsworth Sinkler Boyd 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.