Dealer testifies before House on need for capital

WASHINGTON, D.C. — Earlier this week, New York boat dealer David Bofill testified before the House of Representative’s Committee on Small Business about expanding access to capital on behalf of his company, Dave Bofill Marine, and the National Marine Manufacturers Association, according to a release from the NMMA. Specifically, the subject of his testimony was “Laying the Groundwork for Economic Recovery: Expanding Small Business Access to Capital.”

Bofill, a 35-year industry veteran, spoke about the impact of the credit crisis on marine dealerships and their manufacturers and what Congress can do to help small businesses.

“We thank Chairwoman Nydia Velázquez (D-N.Y.), Ranking Member Sam Graves (R-Mo.) and the Members of the House Small Business Committee for the opportunity to discuss what can be done to make sure U.S. businesses remain viable and the thousands of middle-class employees keep their jobs in the recreational boating industry,” NMMA President Thom Dammrich said in the release. “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. Congress must be pro-active in addressing this issue in order to protect the small business community and encourage continued entrepreneurship.”

Bofill’s complete written testimony is available here.

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