Trump launches ‘Trump Accounts’ for newborn Americans from White House
President Donald Trump celebrates the launch of tax-deferred ‘Trump Accounts’ for new child Americans, marking a major step in his financial agenda. From the White House, Trump emphasizes that these accounts will foster an entrepreneurial spirit and guarantee all residents profit from financial progress.
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FIRST ON FOX: The Small Business Administration is bringing a celeb panel to Washington subsequent month to evaluate 5 entrepreneurs competing for a share of a $1 million prize pool, Fox News Digital has completely realized.
“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,” SBA Administrator Kelly Loeffler informed Fox News Digital.
Entrepreneurs from throughout the nation submitted their concepts earlier this 12 months, leaving 5 finalists to take part in a dwell pitch competition in Washington, D.C., on Sept. 18.
Rapper Nicki Minaj, entrepreneur and personal fairness fund supervisor Grant Cardone, co-founder of Airbnb and U.S. Chief Design Office Joe Gebbia will choose the ultimate competition. Award-winning actor Dean Cain will host the occasion, Fox News Digital has completely realized.
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Musician Nicki Minaj (L) joins U.S. President Donald Trump on stage as he delivers remarks throughout the Treasury Department’s Trump Accounts Summit at Andrew W. Mellon Auditorium on January 28, 2026, in Washington, DC. (Win McNamee/Getty Images)
The competition is one other instance of the Trump administration’s efforts to highlight American ingenuity and associate with the personal sector to assist innovation and small-business progress, Fox News Digital realized.
“Their participation brings invaluable real-world perspective as our five exceptional finalists compete for a share of $1 million in growth capital. I look forward to joining them next month as we recognize the innovators and job creators who power American strength,” Loeffler added.
The contributors have been evaluated primarily based on classes of strengthening American competitiveness, examples of small companies “punching above its weight,” financial affect and high quality jobs and enterprise fundamentals and execution readiness.
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Donald Trump Jr., Donald Trump and Ivanka Trump attend “The Apprentice” Season 6 finale on the Hollywood Bowl in Hollywood, Calif. (Mathew Imaging/FilmMagic)
The 5 finalists are protection know-how firm Compotech, Inc. in Brewer, ME, metalworking equipment producer Winton Machine in Suwanee, GA, plastic mildew manufacturing firm Plas-Tech Tooling in Garner, IA, strain vessel producer Red River in Gillette, WY, and equipment manufacturing agency VetPowered LLC in San Diego, CA.
No finalist will go empty-handed with the first-place winner scoring $400,000, second place profitable $250,000, third place will get $150,000 and fourth place will take dwelling $125,000, leaving fifth place with $75,000.
The competition additionally echoes the format of Trump’s hit early-2000s actuality present, “The Apprentice,” which put aspiring enterprise leaders by a sequence of challenges for an opportunity to work for his firm.
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Donald Trump, Donald Trumpr, Jr and Ivanka Trump throughout the Celebrity Apprentice livre season finale on May 16, 2010 in New York City. (Bill Tompkins/Getty Images)
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The profitable present aired for 14 seasons with Trump as host.