One of Macarthur's most iconic buildings is set to get a new lease on life.
The historic post office building in Picton, which houses the towns clock tower, was damaged when a massive storm event cause flooding in 2016.
Wollondilly Council conducted some minor structural refurbishments at the site, however further work is needed to make it fully operational for the community.
Now those works are set to begin as the council has welcomed a $224,000 boost under the Federal Government's Building Better Regions Fund, which supports drought-affected communities.
These funds will be used to transform the building into an inclusive hub for business owners, start-ups and employees to co-work, network and take part in education and events, known as the Picton GPO Smart Hub.
Wollondilly mayor Matthew Deeth thanked Hume MP Angus Taylor for the much-needed economic boost, providing jobs for Picton and the broader Wollondilly community.
"I am delighted to receive this $224,364 grant which, together with matching investment from council, will provide jobs now and in the future," he said.
"It comes at a critical time, as our local economy recovers from not only an ongoing drought, but bushfires, floods and the COVID-19 pandemic.
"This project will drive economic growth and strengthen the local business community."
Works already completed inside the old post office include the refurbishment of the timber floor, new floor coverings, lighting and air-conditioning as well as new kitchenette facilities.
The building and clock tower were constructed in 1892.
Repair work to the clock mechanism and relay work were carried out in 2010.
The clock was again repaired in 2015 but the braking mechanism failed shortly after it was restarted.
Wollondilly Council restored the clock faces in 2016 so the clock would be in working order as a morale boost for the town after the flooding.