N.Y. dealer to testify in front of Congress

Author:
Updated:
Original:

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.

Related

ABYC Foundation Seeks Nominations for Educator Award

The award recognizes “an outstanding instructor who is shaping future marine service technicians.”

P.R. Firm Rushton Gregory Signs ePropulsion

The Chinese manufacturer of electric propulsion products introduced a standardized lineup earlier this year.

Dometic Updates Pro-Trim System

The new design allows boaters to trim the outboard and adjust the jack plate without removing their hands from the wheel.

Brunswick Partners with Carnegie Robotics

Through the alliance, Brunswick aims to enhance its autonomous technology offerings.

Nicole Vasilaros to Depart NMMA

The group credits the senior vice president of government and legal affairs for “countless contributions to the protection and expansion of the recreational boating industry.”

Site Unseen

A website is often the first interaction a customer will have with a dealership, but it must provide more than an online brochure or they will click elsewhere.

C.G. Amends Documentation Rules

Federally documenting a boat now must be done every five years, rather than annually.

The 2021 Top 10 Most Innovative Marine Companies Awards

The marine industry consistently honors products and people. The industry, however, has not recognized forward-thinking companies that are moving the industry in new directions. Soundings Trade Only’s mission is to reflect, inform and inspire.