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New businesses along the North Shore may be the right fit for an award recently created.

The North Shore Business Development Association board of directors is launching a new ‘North Shore Business Development Association Award’, mirrored off the Truro and Colchester Chamber of Commerce’s Legacy Award.

“We are customizing this to be North Shore specific,” said Kristin Hirtle, one of the members of the board of directors. “Entrants have to live and work on the North Shore – from Pugwash to River John. The business has to be a start-up business, and less than a year in business.”

Greg Forbes, the chairman of the board of directors, said the association wants to become more active within the community.

“We lost a bit of steam, especially in tourism, when two members retired from the board. We decided ‘let’s do more’ and this is just a small way of supporting the community and to get the word out more that we’re here,” he said.

“The association supports others in the community, such as Tatafest, and we want to be more active in the community,” added Hirtle.

The board of directors is hoping to make the award, which comes with a $500 cash prize, a quarterly one if the interest is there.

Applications for the award can be picked up and dropped off at FutureWorx, inside the development association’s building on Main Street. The deadline for applications is Feb. 19. The entry form will include information as to how the business got started, the business person’s connections in the community, and how they plan on using the prize money should they be a winner.

Finalists will be chosen shortly after the deadline passes, with finalists presenting to the board of directors at its March meeting.

“The prize will include support as well from the business network,” said Hirtle. “The board consists of various people who can all bring something to the winner, whether guidance or advice, or just to be a soundboard for them.”

If the award is successful, Forbes said the association has the opportunity to make it bigger in the future.

The business development association has about eight members on the board of directors, and more are always welcome. Meetings are the third Wednesday of the month, beginning at 4 p.m.

The association’s building on Main Street currently houses three businesses in the ground level back entrance, with three on the Main Street level.

“We’d like to have the back space as sort of an incubator,” said Forbes, adding a rent subsidy is provided to get businesses supported. “If those current businesses move out, we’d have that space available for others.”

CALA, the Colchester Adult Learning Association, also hosts programs out of the top level of the building, and H&R Block is often found on the top level during tax season. There are additional rooms available for use.

For more information on the association or becoming a board member, contact Greg Forbes at rgregoryforbes@gmail.com or 902-899-4064.