The IDA has confirmed that it hopes to deliver a special site to attract major manufacturing or businesses firms to Longford in the near future.
It's hoped the 'Advanced Technology Building' will be ready by 2024.
At the September meeting of the local authority in Longford, two senior IDA officials outlined a new strategic framework for regional growth and sustainability - Ken Whitelaw and Ann Marie Tierney Le Roux.
Six IDA supported companies in Longford currently support over 1100 jobs.
The development body outlined it hopes to bring a total of 25 investments to the wider Midland region in the next three years.
The meeting heard that 19 advanced technology building will be developed up to 2024 - including ones in Athlone and Longford.
It was confirmed that the process is only at site selection stage, but a commitment was given that it will be complete by 2024.
Councillors were also told that the IDA is confident that once the facility is built, the wider region has the skills and attractiveness to ensure it can be successful base for foreign direct investment.
It is expected that it will take nine months to construct the facility with the remaining time used for site selection as well legal issues and procurement.