VICKSBURG, Miss. — Developers in Vicksburg, Mississippi, are planning to convert a former industrial building into a technology transfer center that would serve the central part of the state.

The Vicksburg Post reports the old Mississippi Hardware Building would be refitted during a $19 million project.

Developers announced plans for the former garment factory and hardware building Thursday. Afterward, city leaders allocated $300,000 to the project.

The hardware building development is expected to create a space to attract small and middle-sized businesses that could potentially work in federal programs.

An official says funding for the project will be done using a combination of a loan and Delta Regional Authority grants. Money also will come from federal and state tax credits for historical structures and new markets.