Maple syrup producers in Saint-Quentin tap into $1.3M in funding
7 businesses plan to use funding for upgrades
Seven maple syrup producers in Saint-Quentin are getting a combined total of $1.3 million from the federal and provincial governments.
The money will help cover a variety of upgrades, including new equipment, renovations, expansions and modernizations, Minister of Aboriginal Affairs and Northern Development Bernard Valcourt said in a statement.
"Our government’s support will help to ensure the maple syrup industry in our region remains competitive and ready to seize new opportunities," said Valcourt, who is also the MP for Madawaska-Restigouche.
It will also boost economic activity in the northern region, Valcourt said.
"The maple syrup industry is an important economic contributor to the provincial economy," said MLA for Restigouche-la-Vallée Martine Coulombe.
New Brunswick is the third largest producer of maple syrup in the world and generates roughly $12 million in annual revenue for the province, officials have said.
The industry produces 1.8 million kilograms of syrup every year which is sold around the world.
The seven maple producers receiving the funding are: ÉrablièrechezCoui-Coui Inc., Le BelÉrablière Inc., l’ÉrablièreBoulay Inc., Érablière D. ThibeaultLtée, ÉrablièreIMCM Inc., ÉrablièreduPontd’OrLimitée, and Érablière Le SiRoytier Inc.
The federal government is contributing $940,363 through ACOA’s Business Development Program (BDP), while the New Brunswick government is contributing $340,098.