AMID growing concerns about the number of businesses closing and empty shop fronts in the CBD, Cooma-Monaro Shire Council will hold a meeting with local businesses to outline its plan of action for economic prosperity.
The Economic Development Taskforce formulated a plan last year highlighting what issues were affecting growth and how they can be addressed into the future.
Mayor Dean Lynch said the aim of the meeting was to inform people about the plan of action.
"It will be an information session about what we plan to do," he said.
"We will launch what council is doing to address economic development. It is quite timely with business closures in town."
Mayor Dean Lynch said while he believed that Cooma was faring better than many other regional areas, there had been lots of talk around town in recent months about the closure of shops and the number of businesses struggling.
He said while there were those businesses that were struggling others were doing quite well, but it was time to take action.
With more shops anticipated to close soon, the meeting couldn't come at a better time.
"Right from the start of the process the economic taskforce said the time for action is now and council needs to be a leading agency on this," he said.
"One of the big things is that it needs to be resourced by council to deliver on the plan."
No date has been set for the meeting, but Cr Lynch said he would personally visit business inviting them to the meeting within the next month. He will also be giving them a copy of the Economic Development Taskforce report.
The meeting will also launch council's new branding, the new town entrance signs and flags, which Cr Lynch said would lift the town's image.