Catacel Corp. in Ravenna is proving an economic development success story
After receiving two rounds of funding from JumpStart as well as several grants from Ohio's Third Frontier program, Catacel Corp. in Ravenna reported "$2 million in sales in 2012 and $3 million last year" and is "on target to bring in $5 million this year," The Business Journal reports. The facility produces "high-performance, heat-exchanging structured catalysts used in hydrogen production, fuel cell and advanced energy applications." The company grew into a larger facility last September and is planning to increase its workforce of 30 by six this year, the article said. For more, read the full story.
