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The Trump administration is bringing Nicki Minaj and Dean Cain to Washington, D.C., next month for a Shark Tank-style competition in which small businesses will battle for a piece of $1 million in prize money.
The Small Business Administration will hold its Million Dollar Pitch Competition on Sept. 18, with five companies making their cases before a celebrity judging panel, Fox News Digital reported Monday.
Minaj will serve as a judge alongside private equity fund manager Grant Cardone and Airbnb co-founder and U.S. Chief Design Officer Joe Gebbia, according to Fox. Cain will host the event.
SBA Administrator Kelly Loeffler framed the competition as part of the agency’s celebration of the country’s 250th anniversary.
“As our nation marks its 250th anniversary, the SBA is celebrating America’s legacy of free enterprise through the Million Dollar Pitch Competition—a historic live event showcasing the essential contributions of America’s small businesses,” Loeffler told the outlet.
Businesses from around the country submitted pitches earlier this year before the field was narrowed to five finalists: defense technology company Compotech, Inc. of Brewer, Maine; Winton Machine of Suwanee, Georgia; Plas-Tech Tooling of Garner, Iowa; Red River of Gillette, Wyoming; and VetPowered LLC of San Diego, California.
All five finalists are guaranteed a payout. The winner will receive $400,000, followed by $250,000 for second place, $150,000 for third, $125,000 for fourth, and $75,000 for fifth.
The format bears similarities to both Shark Tank and President Donald Trump’s own reality television history. Trump hosted The Apprentice, which pitted aspiring businesspeople against one another in a series of challenges, for 14 years before entering politics.
While Gebbia is in the Trump administration himself, Minaj, Cardone, and Cain have all been outspoken supporters of the president. Most recently, Trump gushed over Minaj at a White House Black History Month event, declaring, “She’s so beautiful. Her skin’s so beautiful. I said, ‘Nicki, you’re so beautiful!’”
The post Trump Administration Taps Nicki Minaj, Dean Cain for Shark Tank-Style Show first appeared on Mediaite.
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