IN BRIEF

Section: Business,  Page: B8

Date: Saturday, January 9, 2010

Labor rally planned at Momentive plant Tuesday


WATERFORD -- The Capital District Area Labor Federation is planning a rally Tuesday from 2 p.m. to 5 p.m. in front of the Momentive Performance Materials plant in Waterford to support employees there whose wages were cut during a restructuring a year ago.


About 400 workers saw their wages fall by an average of 25 percent - some said their wages were cut as much as 50 percent -- and their union, IUE-CWA Local 81359, filed complaints with the National Labor Relations Board in Albany.


Momentive is the former GE Advanced Materials, which was purchased in December 2006 by private equity firm Apollo Management LP for $3.8 billion. The Waterford plant, where nearly 1,000 people are employed, is the former GE Silicones, which produces sealants and adhesives used in the housing, auto and textile markets.


-- Eric Anderson


Excelsior College reports fiscal year budget surplus


ALBANY -- Excelsior College, the Albany-based distance learning institution, said it ended its 2009 fiscal year with a budget surplus of $2 million. It also reported that in the first five months of fiscal 2010, enrollment increased 14 percent over the year-earlier period.


Excelsior has an annual budget of $60 million, and employs 400 people at its Columbia Circle headquarters.


The surplus will be used to expand programs and boost the college's reserves, said John Pontius, the school's vice president for finance and administration.


-- Eric Anderson


Hamilton Printing expands list of services


CASTLETON -- Hamilton Printing Co. in Castleton has added digital book manufacturing to its list of services.


The company now has a binder and trimmer, and a Xerox digital printer that have allowed it to expand its range of services.


The first books using the new method were completed Dec. 30.


-- Larry Rulison


Queensbury industrial park receives state funds


QUEENSBURY -- Greater Glens Falls Local Development Corp. has been awarded $321,240 from the state for its proposed Tech Meadows Industrial Park off Exit 18 of the Northway.


The money is from the state's $120 million Upstate Regional Blueprint Fund that supports projects in upstate New York.


The funding will pay for water and sewer infrastructure to get the 46-acre site ready for development.


-- Larry Rulison