Greencastle and North Vernon received cash in the first round of Stellar Communities grants in 2011.
No tornadoes have been confirmed yet by the National Weather Service.
Former President Bill Clinton said the next generation of DePauw graduates can change the world for the better.
Officials say Indiana has strictures in place which should keep events like those in Zanesville, Ohio from happening.
North Vernon and Greencastle will use about $30 million over three years to redevelop their downtowns.
George Alexander of Greencastle faces up to 10 years in prison and large fines for diverting federal grant money to a personal bank account