The CEO of AIT Laboratories in Indianapolis has won a Midwest Entrepreneur of the Year award from Ernst & Young in the "turnaround" category. Michael A. Evans received the award at a gala in Chicago last night.
Evans spent his savings to found AIT 18 years ago. Growth initially came slowly for AIT, which conducts toxicology and analytical testing for law enforcement, industrial and medical clients.
But in the past three years, AIT has tripled its work force and quadrupled its revenue. It now employs 220.
Evans now will be eligible to participate in the national entrepreneur competition. Ernst & Young will announce national winners in November in Palm Springs, Calif.