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.

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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.

2014 New Brunswick River Watch in Effect