Westmeath council is carrying out a feasibility study of using the old Tech building on Northgate Street in Athlone as a co-working hub.
Local councillor Aengus O' Rourke is welcoming the move which is being helped by the Just Transition Fund and the Athlone Chamber of Commerce.
The FF councillor has been highlighting the dereliction of the building for some time, and says it's in a very strategic location in the middle of the town.
The study is likely to take another three months with a recommendation on the project to be known then.
Councillor O' Rourke says a co-working hub would be an ideal fit for the old listed building and would be sustainable into the long-term: