Value of Public Libraries November 1 2014 Public

Value of Public Libraries November 1, 2014

Public Libraries = Return on Investment

Total Economic Impact is based on: • Direct Spending • Funding for operations, capital, materials, wages, other expenses • Direct tangible benefits • Collection use, meeting and study space, technology access, reference and database services, programming. • Indirect tangible benefits • Paying a contractor for branch renovation – they will re-spend in the community. • Intangible Benefits • Opportunities for library users to improve literacy, educational, employment skills, and quality of life.

What is the actual economic value of a public library?

Halifax Central Library Free Library of Philadelphia

Toronto Public Library

How much money do you save as a library user?

Library Value Calculator

Collection Use

2 Adult Hardcover, 4 Children’s Books, 2 Paperbacks, and 4 DVDs

1 Adult Hardcover Book Borrowed

Programs

1 Adult Program, 6 Children’s Programs

Technology

3 hours on a library computer, 1 online magazine, 1 online database, 1 computer assistance, 1 computer class

Space

2 magazines + 2 newspapers read in the library, 3 hours of use in meeting room space

Collection + Programs + Technology + Space =

Collection + Programs + Technology + Space = Person!

Intangible Benefits

Value of a Library Card

Libraries are a worthwhile public investment

Conclusion