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6/17/2016
4:08 PM
Page 1
VOL. 37, NO. 25
JUNE 20 - 26, 2016
Focus
Business of Life
Prep and parochial schools Pages 15-21
Edgewater Yacht Club continues to cruise Customers say there’s “nothing quite like sailing on Lake Erie.” Page 23
CLEVELAND BUSINESS
The List
Region’s highest paid CEOs Page 27
TRANSPORTATION
Airport renovations touch down in time By ALISON GRANT clbfreelancer@@crain.com
A whirlwind of construction and remodeling, hospitality bookings and security planning is almost complete at what will be the threshold for thousands of visitors arriving for the Republican National Convention — Northeast Ohio’s airports. Cleveland Hopkins International Airport takes the wraps off a $42 million terminal modernization next week that has a spruced-up façade, a ticketing level with more natural light and a reconfigured Checkpoint B to help smooth the flow of passengers through security. Private jet and charter passengers at Burke Lakefront Airport will find a new, $6.7 million terminal with a roomy passenger lounge and bistro. Cuyahoga County Airport in Richmond Heights has moved a tenant to free up 3,000 square feet for reception and conference rooms.
Akron-Canton Airport cut the ribbon on a $2.7 million ticket wing overhaul, Lost Nation Airport in Lake County redecorated its lobby and resurfaced two runways, and Youngstown-Warren Regional Airport repainted and retiled its terminal. The catalyst for the upgrades, airport officials said, is the July 18-21 Republican convention that planners estimate will draw about 50,000 delegates, media and others to Cleveland. The Cleveland 2016 Host Committee, a nonprofit responsible for organizing and funding the convention, is busy training squads of volunteers to make the local airport experience harmonious for visitors. Over three arrival and two departure days at Hopkins, 200 ambassadors will be stationed on concourses and at tables stocked with maps and guides. Their mission: Give a warm welcome and sendoff, and information and directions to travelers, but
EDUCATION
Mesh with success
SEE AIRPORT, PAGE 5
TECHNOLOGY
StreamLink Software raises $10 million By CHUCK SODER csoder@crain.com @ChuckSoder
Why did First Analysis invest in StreamLink Software? Demand for grant management software is on the rise — and the Cleveland company has what it takes to capitalize on that trend, according to Corey Greendale, managing director at First Analysis in Chicago. StreamLink recently raised $10 million from First Analysis and a long list of existing investors. The money will help StreamLink ramp up its sales and product devel-
opment efforts at a critical time: New rules and regulations are pushing government agencies and other organizations to keep better track of the grants that they award and receive. First Analysis wanted to take advantage of that trend, but it wasn’t ready to invest in StreamLink when it first learned about the company a few years ago. At the time, StreamLink hadn’t yet generated enough customer traction to fit First Analysis’ investment strategy. So the firm put the Cleveland company into the “potentially-interestingbut-come-back-to-it-later bucket,” Greendale said. SEE STREAMLINK, PAGE 25
Entire contents © 2016 by Crain Communications Inc.
Industry-school pairings give students head start By RACHEL ABBEY McCAFFERTY rmccafferty@crain.com @ramccafferty
Students’ exposure to the medical professions at Cleveland’s new Lincoln-West School of Science & Health won’t be limited to the occasional field trip or job shadowing experience. Instead, they’ll be spending time on The MetroHealth System’s main campus every week. The school, which the school board must still approve, will allow students to be exposed to the hundreds of jobs available in the health care industry. Students will still take traditional high school courses at Lincoln-West on West 30th Street, but will also spend time in lectures, lab work and more on the hospital’s campus off West 25th Street. Cleveland Metropolitan School District CEO Eric Gordon described it as a “year-long experience of trying on the doctor’s coat.”
While embedding a high school campus at a hospital could be contentious in most districts, Cleveland has a history of working with industry partners to expose students to skilled professions — and those relationships are only deepening. Take MC2 STEM High School, which opened in 2008 and really “bloomed” because of industry
partnerships, said head of school Feowyn MacKinnon. Instead of a traditional school building, classes are held at locations like the Great Lakes Science Center in the ninth grade or General Electric’s Nela Park campus in 10th. GE was the school’s first company partner — it helped develop the curriculum, provided mentors and tutors and gave them space rentfree, MacKinnon said. The company relied on the school for education expertise, while the school relied on GE for insight into the industry. The benefit to GE is a possible future employment pipeline. Much has been made of the impending manufacturing skills gap, and these partnerships are one way the industry has been involved. SEE INDUSTRY, PAGE 22