Senator Coats expressed his gratitude for his family and years of service.
The $500,000 award will be split evenly between downtown development, like new signs and landscaping, and marketing for small businesses.
Wabash, Indiana beat thousands of other cities around the country and is now competing against just one other city-- Silverton, Oregon-- for the top prize.
The two cities will receive state grants to complete community development projects.
ISU's new Scott College of Business features 11 classrooms and offices for 50 faculty, administrators and staff.
The Duke Energy Wabash unit in Terre Haute might close because of failure to meet new EPA rules regulating mercury release.
Indiana University sustainability officials say a recent report comparing campus environmental should not be viewed as a comprehensive study.
Thirty-nine people will lose their jobs when a Wabash Valley plant closes at the end of the year.