A new International Environment Centre is to be built under a £90 million Stirling and Clackmannanshire City Deal.
The UK Government is investing more than £45 million which will be matched by funding from the Scottish Government.
The Deal which will support innovative projects to transform the region to drive business start-up and growth, help companies develop and export their expertise as well as enable local people to get the skills needed for jobs.
It will also help develop tourism and culture as well as fund a £2 million digital district and the creation of digital hubs in Callander and Alloa.
Secretary of State for Scotland David Mundell said: “The ambitious and innovative Deal will drive economic growth across the region, creating jobs and boosting prosperity for generations to come. It is now for Stirling and Clackmannanshire to get on with the hard work needed to turn these proposals into a reality.”