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Broadway Grosses: Gentleman’s Guide Celebrates Bump After Tony Noms

first_img View Comments Tony nominations were announced on April 29, and many shows received a box office bump hot off the heels of multiple nods. A Gentleman’s Guide to Love and Murder, which led the pack last week with ten nominations, celebrated its highest gross of 2014 ($580,279) and a capacity of 93.30% (the highest since it began at the Walter Kerr). Beautiful, which received an impressive seven Tony nominations, broke a box office record at the Stephen Sondheim Theatre with their highest gross to date ($1,036,646). Meanwhile, Hedwig and the Angry Inch, after celebrating eight Tony nominations, exceeded capacity for the fourth consecutive week, with A Raisin in the Sun and Aladdin, which both received five nominations, also making appearances in the top five shows by capacity. Raisin was also one of the week’s frontrunners by gross. FRONTRUNNERS (By Gross) 1. The Lion King ($1,940,102) 2. Wicked ($1,732,110) 3. The Book of Mormon ($1,631,761) 4. Kinky Boots ($1,477,550) 5. A Raisin in the Sun ($1,190,876) Here’s a look at who was on top—and who was not—for the week ending May 4: FRONTRUNNERS (By Capacity) 1. The Book of Mormon (102.57%) 2. Hedwig and the Angry Inch (102.35%)* 3. The Lion King (100.01%) 4. A Raisin in the Sun (100.00%) 5. Aladdin (99.99%) UNDERDOGS (By Capacity) 5. Act One (65.67%) 4. Once (61.13%) 3. Cinderella (60.01%) 2. The Bridges of Madison County (58.01%) 1. Mothers and Sons (42.75%) *Number based on 7 regular performances UNDERDOGS (By Gross) 5. Violet ($303,237)  4. The Bridges of Madison County ($286,948)  3. Casa Valentina ($275,997) 2. Mothers and Sons ($172,916) 1. The Velocity of Autumn ($130,333)last_img read more

Alternative Business Loan Fund Recieves Department of Treasury Grant

first_imgCommunity Capital is one of 41 organizations nationwide to recieve a Technical Assistance Award from the U.S. Department of Treasury’s CDFI Fund. CDFIs – Community Development Financial institutions – are specialized organizations that respond to financial gaps in their local markets.Totaling $50,000, this grant will be used by Community Capital over the next two years to fund a variety of activities that will improve Community Capital’s ability to offer flexible and affordable financing and technical assistance to new and growing businesses that do not yet have access to traditional bank financing.Specific activities include: a tri-county market assessment for Orange, Lamoille, and Washington counties to identify unmet demand for alternative commercial financing, an internal organizational assessment conducted by CDFI industry leaders, board and staff training, strategic planning, and technology upgrades.Founded in 1995 as the Central Vermont Revolving Loan Fund, Community Capital has lent over $1.5 million in flexible and affordable loans to 58 micro and small businesses that are not yet able to qualify for a traditional bank loan. Almost half of those businesses have in turn benefited from over 1,000 hours of specialized post-loan business counseling, a unique program available only to borrowers of Community Capital.Other funding for Community Capital comes from the U.S. Department of Agriculture, the Vermont Community Development Program, and a variety of local bank and other private donations. For more information, contact Emily Kaminsky at 802-479-1053, ext. 263. Or, visit our website at www.cvcapital.org(link is external). Community Capital is a partner of Central Vermont Community Action Council.last_img read more

BIMCO: Dry Bulk Market’s Recovery Still Fragile

first_imgThe return to permanent profitable freight rates in the dry bulk sector is still way off, however, there has been a slight fundamental market improvement, according to BIMCO’s latest market overview.Capesize ships have been in profitable territory earning above USD 15,300 per day since August, and Panamaxes likewise, as they have been hired for above USD 10,200 per day since September.Handymax/Supramax/Ultramax owners and operators who fixed their ships after August 21 have also seen freight rates covering, not just operational expenditures (OPEX) but also capital expenditures (CAPEX), leaving a slim return on investment, BIMCO’s data shows.Finally, the Handysize segment has, for the first time since April 2014, reached a freight rate level above USD 9,000 per day.Moving forward, the transport demand for dry bulk cargoes in Q1, 2018 is estimated to be considerably lower than the volumes transported in Q4, 2017, and that’s the first hurdle to cross. Maintaining slow steaming is another prerequisite to hold onto the gains that have been achieved, BIMCO added.The dry bulk demand is driven, as always, by China, which grew its seaborne imports of coal during the first nine months of 2017 by 18.7%, and its seaborne imports of iron ore during the first eight months, by 6.9% year-on-year. In total, this is a demand growth of 79m tonnes (27 + 52 respectively) for the two commodities year-to-date.For the current time and Q4 2017, selected seaborne trades from major exporters including iron ore, coal, grains, soya and steel products are expected to grow by 3.4% from Q3 2017 (source: SSY). Whereas, grain peaks in Q1 and Q3, and soya in Q2, the seaborne trading of steel products, coking coal, thermal coal and iron ore will all peak in Q4.“After a bit of a downturn in the market during the first half of October (which was expected), demand lifted freight rates again. It’s time to make the most of it, before seasonal low demand in Q1-2018 get the upper hand and push freight rates down,” BIMCO said.For the first nine months of the year, the dry bulk fleet has grown by 2.7%, already a three-year high.BIMCO expects the fleet will end up growing by 3.1% to 16 million dwt as demolition expectations are lower than the previously anticipated 19 million dwt.In the future, expected fleet growth remains quite low based on the ships on order now – and does not include orders not yet placed. 2018 could see the fleet grow by less than 1%.last_img read more