At the height of the 1980s and early 1990s, Monasterevin was home to a multitude of textile business, including knitwear and wool.
Plans for the Monasterevin Textile and Fashion Hub are expected to start early next year.
The Hub, to be established in the former Bank of Ireland building on Market Square, is expected to go to tender towards the end of this year.
If all goes as planned, it could be open next year.
At the height of the 1980s and early 1990s, Monasterevin was home to a multitude of textile business, including knitwear and wool.
Speaking on Kildare Today, Cllr Kevin Duffy said it will be a great outlet for locals and businesses.

Kfm Obituary Announcements (Saturday)
Sharp Rise In M9 Collisions With Garda Call-Outs Up Year-On-Year
Councillor Seeks Clarity On How Often Nightclubs and Late Bars In Naas Are Inspected For Fire Risks
Unpaid Eight-Month Work And Training Placement For Adults With Disabilities Branded "Extremely Unfair"
Department Of Education Defends Kildare SNA Cuts Amid Claims Of Reduced Need At Some Schools
Naas Nurses Threaten Escalation As Staffing Row Deepens
Driving Tests Face Disruption As RSA Testers To Strike Next Week