New Brunswick Maple Syrup Producers Get $1.3 Million Dollars
Good news for maple syrup producers in New Brunswick. Seven producers in Saint-Quentin will receive a combined total of $1.3 million from the federal and provincial governments.
Minister of Aboriginal Affairs and Northern Development Bernard Valcourt said the money will help cover a variety of upgrades, including new equipment, renovations, expansions and modernizations.
The Canadian government is contributing $940,363 through ACOA’s Business Development Program, with the New Brunswick government chipping in $340,098.
Valcourt, who is also the MP for Madawaska-Restigouche, said the money will also boost economic activity in the northern region.
New Brunswick is the third largest producer of maple syrup in the world and generates roughly $12 million in annual revenue for the province.
The industry produces 1.8 million kilograms of syrup every year which is sold around the world.