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.

Tim Boyle/Getty Images
Tim Boyle/Getty Images
loading...

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

More From