Cuts, not bruises: Former MMA fighter opens barber shop in Spartanburg

She once doled out uppercuts. Now she gives haircuts.

But Ashley Rushing is still tough — covered in tattoos all the way up to her neck and a blue-green pixie cut, she’s opened up the Bareknuckle Barbershop in Drayton Mills Marketplace, the name a nod to her MMA fighting career.

Once known as Doll Face in the MMA world, Rushing fought for a little more than a decade, starting with an amateur career at a North Carolina gym. She began her professional career when she moved to South Carolina and fought in two professional fights with Invicta Fighting Championships, a women’s MMA organization.

A photo of Ashley Rushing, known as Doll Face during her MMA career. Provided by Ashley Rushing.

But she’s always had a passion for cosmetology, too, and has worked as a cosmetologist for about 15 years.

“My family’s always done hair, so I’ve kind of always been around it,” Rushing said.

When Rushing broke a lower vertebrae ending her fighting career, she decided to focus on hair full time which led to the opening of Bareknuckle Barbershop.

Ashley Rushing, stylist and co-owner of Bareknuckle Barbershop, works with customer Leon Wilkie in the newly-opened shop at the Drayton Mills Marketplace, in the Drayton community of Spartanburg, Wednesday, August 12, 2020. TIM KIMZEY / Spartanburg Herald-Journal

She co-owns the shop with Tyler Maupin, who isn’t a stylist, but works on the business and financial side. He created the name and helped with the design for the shop.

Artist Leon Wilkie created the logo – two fists (or bare knuckles) grasping a pair of scissors. The shop also displays some of Rushing’s belts from her fighting career.

However, Maupin and Rushing don’t go way back. Maupin was just a client of Rushing’s when she worked at a different Spartanburg barber shop before opening up her own.

Tyler Maupin and Ashley Rushing, co-owners of Bareknuckle Barbershop, in the newly-opened shop at the Drayton Mills Marketplace, in the Drayton community of Spartanburg, Wednesday, August 12, 2020. TIM KIMZEY, TIM KIMZEY/Spartanburg Herald-Journal

“I scheduled an appointment with her when she worked at the Black Derby (in downtown Spartanburg),” Maupin said. “And then she noticed that I was coming in every week and then we just started talking.”

Rushing and Maupin opened up shop Aug. 1, behind Dray Bar & Grill, and business has been successful for the almost two weeks since they’ve opened, they said.

Bareknuckle Barbershop hasn’t faced too many challenges due to COVID-19 either, Rushing said. It opened after Gov. Henry McMaster reopened salons and barber shops in South Carolina.

“I think with men’s grooming, it’s always gonna be around,” Rushing said. “Men have to get their hair cut.”

Bareknuckle Barbershop is newly-opened at the Drayton Mills Marketplace, in the Drayton community of Spartanburg, Wednesday, August 12, 2020. TIM KIMZEY, TIM KIMZEY/Spartanburg Herald-Journal
Ashley Rushing, stylist and co-owner of Bareknuckle Barbershop, in the newly-opened shop at the Drayton Mills Marketplace, in the Drayton community of Spartanburg, Wednesday, August 12, 2020. TIM KIMZEY, TIM KIMZEY/Spartanburg Herald-Journal

And if this barber shop isn’t tough enough for you yet, there’s a whiskey tap right when you walk in.

“So I give complimentary beverages with all services,” Rushing said pointing to the tap and a beer fridge next to it. “So when guys come to check in they literally help themselves, pour themselves (a drink), grab whatever and just hang out.

Rushing found she prefers doing men’s cuts and women’s pixie cuts over a traditional women’s color and highlights that can take hours at a salon.

“I didn’t like standing behind someone’s head for four hours,” Rushing said. “I’ve only had my barbers license for about a year. But when I got into barbering, and started shaving, I got super addicted.”

There’s no specific demographic that comes into the shop, co-owner Maupin said, mostly men of all ages, races and ethnicities come to Bareknuckle Barbershop.

“Ashley really works with all types of ethnicities and hair,” Maupin said.

It may seem like a drastic career change, but to Rushing, her life is pretty simple.

“That’s it,” she said with a laugh. “Just an MMA background and hair.”

Contact Genna at gcontino@gannett.com or on Twitter @GennaContino.

Moxie Closes and Funds Sherbert Group QOF

Last month, Moxie closed and funded Sherbert Group QOF, which intends to invest in mixed-use real estate in a Qualified Opportunity Zone in Rock Hill, SC. The planned projects would result in $20 Million of investment in the community. sherbertgroup opportunityzone

Opportunity Zone Overview Presentation

On July 18, Aaron Mayer with The Sherbert Group presented a technical overview of Opportunity Zones at the Convening for Opportunity event in Wilmington, NC. With more than 100 participants, this was the latest Sherbert presentation in a series of regional sessions organized by Jeanne Bonds with the Federal Reserve Bank of Richmond, with the aim to educate the public on the OZ program and to bring together community leaders and prospective developers, business owners and investors. opportunityzones

LOOK INSIDE: Events at Drayton Mills holds grand opening

From GoUpstate.com – Nov. 15, 2018

Events at Drayton Mills, a 34,800-square-foot indoor/outdoor event venue at the renovated textile mill on Spartanburg’s east side, celebrated its grand opening Thursday night.

Attendees toured the space and met with local vendors, including caterers, florists, bakers, photographers and event rental companies, according to a statement from the company.

The space is billed as a “premiere venue” for weddings, corporate gatherings and special events.

“At Drayton Mills, we are all about community, so we are incredibly proud to be able to offer such an amazing space for community events, family milestones and corporate gatherings,” TMS Development Managing Principal Tara Sherbert said in the statement. “We look forward to hosting Spartanburg’s most celebrated events and playing an even larger role in the fabric of this wonderful community.”

Events at Drayton Mills’ Great Hall can seat up to 300 and includes a cocktail lounge and private green rooms, the statement said.

The 8,800-square-foot indoor space includes a dance floor, catering kitchen and a fleet of mobile beverage stations. Elevated boardwalks, courtyards and covered gathering areas add an additional 6,000 square feet, and a 20,000-square-foot natural lawn is also available.

Holly Richter, program manager for Drayton Mills, said response and interest in Events at Drayton Mills ahead of the opening was “tremendous.”

“We can’t wait for even more people to see what Events at Drayton Mills has to offer,” Richter said in the statement. “We are an extremely versatile space, so we can accommodate larger and smaller events. And, of course, everything is set against the historic elegance of Drayton Mills.”

To make a reservation or for more information, call 864-573-0092, visit DraytonMills.com or email events@draytonmills.com.

For more, visit click here.

 

Tax Reform Efforts of The Sherbert Group

With industry professionals responding to policy shifts in tax reform that jeopardized the Historic Tax Credit, we had to do something, and we did—by bringing multiple cosponsors from the Senate Finance Committee to restore the Historic Tax Credit.

On November 6th, 2017, we were honored to host Senator Tim Scott and Secretary Dr. Ben Carson of Housing and Urban Development at Drayton Mills which is a Sherbert Group development and the largest historic restoration project in South Carolina to-date. The historic renovation of Drayton Mills is becoming a national model for success in using Historic Tax Credits (HTC) to revitalize communities, and Sen. Tim Scott showcased the project during the Nov. 16, 2017, Senate Finance Committee hearings.

Please view the video: www.HTCisnotHistory.com

As many of you know, the HTC encourages private sector investments but more importantly we are able to transform communities together, and many of you have been part of those projects.

Senator Scott told Senate Finance Committee member, “I had the good pleasure and privilege of taking Sec. Ben Carson to Drayton Mills in Spartanburg, S.C., an old factory that has benefited from historic preservation dollars and vision that has brought new life back into an old community, a dilapidated part of the community.”

Tara Sherbert, CEO of The Sherbert Group, stated, “Senator Scott’s support of the HTC program has been instrumental in ensuring that this program will be sustained for continued redevelopment throughout the state of South Carolina and nationwide.”

Senator Scott’s (R-S.C.) bipartisan legislation, Investing in Opportunity Act (IIOA), passed out of the Finance Committee as a part of the tax reform bill that will be voted on by the full Senate in the coming weeks. IIOA incentivizes investment in economically distressed areas by allowing billions of dollars in private capital to be used to encourage small businesses and to develop at-risk communities most in need of a resurgence.

Using Drayton Mills as an example, Governor Henry McMaster (R-S.C.) lauded efforts by congressional members and encouraged their support in economic growth initiatives stimulated by HTC, such as Drayton Mills.

During recent remarks at Knowledge Park, a large redevelopment effort that The Sherbert Group is working on in Rock Hill, S.C., Gov. McMaster again acknowledged community revitalization efforts through historic tax credits and commended the transformation taking place at Knowledge Park, where a once-thriving textile manufacturing operation spanning city blocks had sat blighted and abandoned. Because of HTC, the more than 1,000,000-square-foot redevelopment will host jobs in the knowledge-based economy through a variety of business tenants, new hotels, an athletic center and the largest recreational sports arena in the Carolinas.

Drayton Mills and Knowledge Park are just two examples of tax credit industry leaders championed by The Sherbert Group. We strive to continually build communities through excellence and are thankful for your partnership and friendship.

Drayton Mills, a Sherbert Group Development in Spartanburg, S.C. Used as Model for Success in Congressional Tax Credits Debate

CHARLOTTE, N.C.–(BUSINESS WIRE)–The historic renovation of Drayton Mills is becoming a national model for success in using tax credits to revitalize communities, with Sen. Tim Scott showcasing the project during the Nov. 16, 2017, Senate Finance Committee hearings.

Historic Tax Credits (HTC) encourage private sector investments in the rehabilitation and re-use of historic buildings. With industry professionals responding to policy shifts in tax reform that jeopardized the Historic Tax Credit, Sen. Tim Scott, R-S.C., offered Drayton Mills as an example of how tax credits can be used to renovate an historic structure and transform a community. See www.HTCisnotHistory.com.

On Nov. 6, 2017, Senator Tim Scott and Secretary Dr. Ben Carson of Housing and Urban Development visited Drayton Mills to witness firsthand the successful historic renovation project. “I had the good pleasure and privilege of taking Sec. Ben Carson to Drayton Mills in Spartanburg, S.C., an old factory that has benefited from historic preservation dollars and vision that has brought new life back into an old community, a dilapidated part of the community,” Scott told committee members.

Tara Sherbert, CEO of The Sherbert Group, stated, “Senator Scott’s support of the HTC program has been instrumental in ensuring that this program will be sustained for continued redevelopment throughout the state of South Carolina and nationwide.”

Senator Scott supported efforts to incentivize investment in economically distressed areas by allowing billions of dollars in private capital to be used to encourage small businesses and to develop dilapidated properties in at-risk communities most in need of a resurgence. Senator Scott’s (R-S.C.) bipartisan legislation, Investing in Opportunity Act (IIOA), passed out of the Finance Committee as a part of the tax reform bill that will be voted on by the full Senate in the coming weeks.

Using Drayton Mills as an example, Governor Henry McMaster (R-S.C.) lauded efforts by congressional members and encouraged their support in economic growth initiatives stimulated by HTC, such as Drayton Mills. Drayton Mills is the largest historic restoration project in South Carolina to-date. The site of a former textile mill and mill warehouses that were constructed between 1902 and 1950, Drayton Mills offers 70 unique floor plans, as well as a variety of mixed-use space.

During recent remarks at Knowledge Park, a large redevelopment effort in Rock Hill, S.C., Gov. McMaster again acknowledged community revitalization efforts through historic tax credits and commended the transformation taking place at Knowledge Park, where a once-thriving textile manufacturing operation spanning city blocks had sat blighted and abandoned. Because of HTC, the more than 200,000-square-foot redevelopment will host jobs in the knowledge-based economy through a variety of business tenants, new hotels, an athletic center and 175,000-square-foot arena.

Drayton Mills and Knowledge Park are just two examples of tax credit industry leaders championed by The Sherbert Group.

Contacts
The Sherbert Group
Tara Sherbert, 704-399-4455
Managing Principal
tara@sherbertconsulting.com
www.sherbertgroup.com

Tax Reform: Unified Framework for Fixing our Broken Tax Code

The Internal Revenue Code is currently structured as one of the most complicated and confusing tax codes in the world. While the U.S. tax code provides a great way to get your children to sleep (what tax accountant has not tried this neat trick), it is not the most effective system, and many have called for its revision for years. Since the election in November 2016, many Americans have anticipated the reform of the income tax code. The question on everyone’s mind has been how will tax reform affect me and my business?

On September 27, 2017 the Trump Administration, along with the House Committee on Ways and Means and the Senate Committee on Finance released a unified framework on tax reform. The framework contains provisions which would impact both businesses and individuals.

On the business front, major changes include reducing the top corporate tax rate from 35% to 20%, allowing businesses to expense the cost of new investments in otherwise depreciable assets other than structures (presumably personal property) for a period of at least 5 years and limiting the tax rate applicable to business income from small and family owned businesses to 25%. Also for businesses, many special exclusions or deductions would be eliminated, repealed or restricted, such as the domestic production deduction under Internal Revenue Code Section 199. Many of the business incentives are deemed no longer necessary due to the corporate rate reduction and new benefits such as the expensing of capital investments.

There is good news for our LIHTC developers. The framework explicitly includes preservation of the low-income housing tax credit and the Research and Development Tax Credit. Both of these credits are deemed by the framework to be important to the American economy and effective in promoting policy goals. Other business credits may not fare as well because the framework includes the possibility to repeal them. The Sherbert Group is working with various legislators and coalition members to demonstrate the importance of the Historic Rehabilitation Tax Credit to ensure that this will be one of the other business credits which is retained.

On the individual front, there are many provisions contained in the framework. The first major provision is the increase of the standard deduction. The framework proposes to increase the standard deduction for married taxpayers filing jointly to $24,000 and for single filers to $12,000. In conjunction with the increase in the standard deduction, the framework proposes to eliminate all personal exemptions.

The next major provision is to modify the tax rate brackets because the current tax code has seven tax rate brackets. The framework proposes to consolidate these into three brackets of 12%, 25% and 35%, but the framework does not provide the levels of income which would fall into each bracket.

In addition to these two major provisions, the framework proposes to increase the child tax credit which currently stands at $1,000 per child. The framework does not state how much the increase would be but does state that the first $1,000 of the credit will be refundable. In conjunction with the increase in the child tax credit, the framework proposes to increase the income levels at which the credit will begin to phase out, presumably opening the credit to taxpayers whose income exceeds the current phase-out amounts. Also provided for in the framework is a non-refundable $500 credit for non-child dependents.

Other provisions of the framework include the recommendations to repeal the Alternative Minimum Tax (both for individual and corporate filers), repeal the death tax and generation-skipping transfer tax, retain tax benefits which encourage individuals to work, seek higher educational opportunities, and invest for retirement security. The framework proposes to eliminate many Itemized Deductions, while maintaining the mortgage interest deduction as an incentive for home ownership and preserving charitable contribution deductions. Major itemized deductions that would be eliminated under the framework are tax deductions for state income taxes and real estate taxes.

The next steps in the process will be for the House Ways and Means Committee to work on a bill to enact legislation which would then go before the full House of Representatives and then for the Senate Finance Committee to work on a bill to enact legislation and then would go before the full Senate. Afterwards, the House and Senate would need to collaborate on the legislation and work out any differences.

The Sherbert Group will continue to monitor the progress of pending legislation and we will provide updates once there is more definitive information. If you have any questions regarding the article, please email jbuckland@sherbertgroup.com .

How Do We Deal with the Impact of Tax Reform for LIHTC Projects?

The question of the hour that everyone in our industry is asking. Thankfully, we have a solution for you! The threat of tax reform has sent investor pricing down by over $.10, which inevitably will make deals, especially deals awarded pre-election, much harder to successfully develop. Further, there is discussion that tax credits will be completely eliminated as part of tax reform. How can we solve this issue together?

The Sherbert Group has been working diligently to create strategies to minimize adverse impacts of tax reform for our LIHTC developer clients, and we hope to provide some insightful feedback.

In June, we had the opportunity to meet with several members of Congress in Washington D.C. to discuss the tax reform issue. We were very encouraged by the bipartisan support to protect the current LIHTC incentives in tax reform. Most of the Congressional members are supportive of successful public-private partnerships, and we can alleviate any concern that those tax credits will be eliminated in tax reform. We are also excited that our Public Policy team reports that Sen. Orrin Hatch (R-Utah), Finance Committee Chairman, and Sen. Maria Cantwell (D-Wash.) have introduced legislation (S. 548) which expands and protects the LIHTC Program.

The industry has been spoiled over the last few years by terrific investor pricing. It is easy to develop a successful LIHTC project when investor pricing is greater than $1 per credit. There was a time when investor pricing was in the $.70’s, and the deals were still successfully completed. Deals will continue to be successfully completed, but developers will need to be more diligent and look for ways to improve financing and lower construction costs.

One method, which we have worked successfully with our clients, is our approach to obtaining the best investor pricing. We have developed a methodology that analyzes an investor’s benefit streams and identifies benefits that the investor had not factored in their return calculations. Through the identification of these missed benefits to the investor, we can usually improve investor pricing by $.02 to $.05 per credit. This additional amount, by itself, is not enough to make up for the investor price reductions that have occurred due to the threat of tax reform, but it is often sufficient to make the difference between a successful and a struggling project.

The Sherbert Group has worked with several clients using our methodology of analysis, and we would be excited to discuss your projects with you or even have a general discussion regarding tax reform with your team. If we can be of any help please let us know by emailing Bill Sherbert at bsherbert@sherbertgroup.com.

Ribbon-Cutting at Drayton Mills Marketplace

Drayton Mills Marketplace celebrated a ribbon-cutting ceremony on Tuesday, April 11th as hosts of the Spartanburg Area Chamber of Commerce’s April Business After Hours event. South Carolina Governor Henry McMaster spoke at the event and toured the Drayton Mills campus. During the event, guests were able to tour the marketplace and meet the businesses opening soon at Drayton Mills including The Standard, Mozza Roasters and Burn Boot Camp.

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