N.Y. dealer to testify in front of Congress

Posted on

New York boat dealer David Bofill will testify this afternoon before the House Committee on Small Business on “Laying the Groundwork for Economic Recovery: Expanding Small Business Access to Capital.”

Speaking on behalf of his company, Dave Bofill Marine Inc., and the National Marine Manufacturers Association, Bofill will discuss the impact the current credit crisis has had on marine dealerships and their manufacturers and what Congress can do to help small businesses.

“During today’s hearing, we will examine what options are available to help small companies access capital, ” committee chairwoman Rep. Nydia Velázquez, D-N.Y,, said in a statement. “Lenders and entrepreneurs will share the real world challenges they face in today’s tightened credit conditions, as well as their ideas for making things better.”

The goal, she said, must be to expand options for small businesses seeking financing. In many communities, entrepreneurs have only one or two options for lending.

“That is not real competition and it doesn’t give firms the flexibility they need to realize their potential, grow and create jobs,” Velázquez said.

“There are small businesses throughout the country like Dave Bofill Marine that have always been strong, well-run companies but are now struggling to keep their doors open as a result of the unprecedented tightening of credit,” NMMA president Thom Dammrich said in a statement. “Congress must be proactive in addressing this issue in order to protect the small business community and encourage continued entrepreneurship.”

Bofill is scheduled to testify at 1 p.m. EDT. To read his written testimony, click here.

To learn more about NMMA’s economic relief efforts, click here.

Welcome to TradeOnlyToday’s premium content! To continue reading, please register now, for access to 10 free stories per month. Or subscribe, for unlimited access to all TradeOnlyToday content!

Click here to Register ... it's free!

Basic subscription: Registered members get free access to 10 premium content stories each month!

Not a member yet? Click here to Register!

Already a member? Click here to Login!

Subscribe ... for unlimited access!

Individual subscription: $29 for unlimited site access for one year.

Small Business subscription: $140 for unlimited site access for up to 10 members of a company for one year.

Corporate subscription: $300 for unlimited site access for all members of a company for one year.

You may close this dialog after seconds.

Comments

One comment on “N.Y. dealer to testify in front of Congress

  1. Bill Gardella

    Thanks for the update, and to Dave and NMMA for the DC forum.
    Of course, success is predicated on notion that BO and friends actually want to see recreational boating survive.  The realist ( cynic) i have become reminds me that there are many that want to see this industry die, as we no longer fit the dc business model as a ‘ proper use of scarce resources’.
    Yes, under the guise of Green, too many are too happy to assist with a slow, but deliberate death. I for one will fight to the end.
    Defend Liberty. Freedom( economic or otherwise)  is not free !
    Bill Gardella, Jr. cmm114

Leave a Reply

Your email address will not be published. Required fields are marked *

Comments are moderated and generally will be posted if they are on-topic and not abusive. For more information, please see our Comments Policy.

Vote Today

What is the best outcome for the marine industry in the November mid-term elections?

View Results

Loading ... Loading ...

Search Boats for Sale

Length
Year
Price

Login to Trade Only Today

Lost Password