Business group IBEC has published an "action plan for recovery" which outlines 50 ways to encourage growth in the economy.
The group says current growth in the economy is muted, and urgent action is needed to support business activity.
Among the suggestions are setting up a new State-backed investment bank. Another is to use strategic outsourcing to deliver cost savings.
IBEC's 50 Ideas to Drive Growth sets out a range of ideas from the business community, which it says is aimed at making a real difference to Ireland's recovery prospects.
It includes proposals on supporting job creation, restoring domestic demand and delivering world-class public services.
The plan addresses reform of the labour market, education and training for the unemployed, attracting top talent to Ireland, making Ireland more attractive for inward investment and getting people spending in the domestic economy.
The group says that while the €2.25 billion capital spending package announced by the government yesterday is welcome, business wants to see a plan for growth for the whole economy.
IBEC director general Danny McCoy said: "The positive outcome from the recent EU summit should reduce Ireland's sovereign debt burden and improve sustainability, but to make real progress we need economic growth to take off."
