Hyacinth Tucker, Founder and CEO of The Laundry Basket LLC, submits written testimony on the systematic discrimination faced by minority contractors
Date:
Monday, May 6, 2024
On May 6, Small Business Majority network member Hyacinth Tucker, Founder and CEO of The Laundry Basket LLC, submitted written testimony to the Senate Committee on Small Business and Entrepreneurship outlining specific instances of discrimination her business has faced when seeking financing and federal procurement opportunities. In her testimony, Hyacinth describes how she has been subject to higher interest rates and stricter lending criteria compared to her non-minority counterparts and skepticism about the capabilities of minority-owned businesses in the bidding process for lucrative federal contracts.