Inc.com is gearing up to run an online contest which will honor the CEOs of the classic summer lemonade stands found across America. The “Best Lemonade Stand in America” contest starts July 9 and runs through Sept. 3.

Children (and their parents) are being encouraged by Inc.com to submit photos of themselves and their lemonade stands along with a short essay describing their “business,” including what motivated them to go into the lemonade trade, what they named their stands, what products they used in their secret recipe, and how much money they made in a single weekend. Each week a lemonade stand will be chosen as a stand of the week and its photo will be featured on the contest’s Web site.

A final Grand Prize will be awarded based upon a final pick made by Inc.com editors. This winner will receive “a $1,000 college savings bond and super backpack filled with back-to-school supplies. Winners of the “Best Lemonade Stand Design,” and “Coolest Lemonade Stand Story,” will each be awarded a $500 college savings bond and a super backpack filled with back-to-school supplies.”

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