Return on investment (ROI)

Value of Juvenile Public Library Circulation

Total Juvenile Circulation - According to Bibliostat, total juvenile circulation in Minnesota in 2010 was 22,677,363. Multiplied by the circulation per item value ($6.48), we get the total value of the juvenile circulation which is $146,949,312.

Value of Adult Public Library Circulation

Total Adult Circulation - According to Bibliostat, total adult circulation in Minnesota in 2010 was 34,824,173. Multiplied by the circulation per item value ($7.48), we get the total value of the adult circulation which is $260,484,814.

Value of Adult Public Library Programs

Adult Programs - According to Bibliostat, total attendees in these programs in Minnesota in 2010 was 320,558. Multiplied by the resulting per attendee value ($6.48), we get the total value of the adult programs which is $2,077,216.

Value of Young Adult Public Library Programs

Young Adult Programs - According to Bibliostat, total attendees in these programs in Minnesota in 2010 was 75,633. Multiplied by the resulting per attendee value ($4.32), we get the total value of the young adult programs which is $326,735.

Value of Children's Public Library Programs

Children’s Programs - According to Bibliostat, total attendees in these programs in Minnesota in 2010 was 878,248. Multiplied by the resulting per attendee value ($4.32), we get the total value of the children’s programs which is $3,794,031.

Concept of return on taxpayer investment can assist libraries

it has been noted that the concept of return on taxpayer investment can assist libraries in demonstrating the benefits of private-public financial partnerships, such as private-sector gift or grant programs to leverage library services beyond those paid for by taxes.

Libraries ROI

ROI is estimated at $4.62 for every taxpayer $1 generated in support of Minnesota's public libraries.

Wisconsin public libraries have a strong ROI and provide additional valuable services

The economic return to taxpayers is $4.06 per dollar of taxpayer support. The ROI is calculated by dividing the economic contribution of public libraries per capita ($134.16) by the public tax support per capita ($33.07). This return per dollar of taxpayer funds comes back to taxpayers in the form of the value of public library services and the direct economic contribution of public libraries to the state economy. In addition to the measurable services and expenditures that add value to the state economy, there are numerous other services that are valuable but at this time can’t be calculated from available data. The contributions of public libraries to overall literacy, to helping people with special needs, to supporting the efforts of K-12 schools, to providing community gathering space, and to supplying data needs of big and small businesses are additional and valuable contributions to the state economy (p. 33).

Libraries create jobs in the following industries

Jobs are created in the following industries by the spending of public libraries:Special (S&LG Non-Ed Emp & Payroll),Book publishers,Real estate establishments,Electric power generation- transmission,Wholesale trade businesses,Food services and drinking places,Maint & repair construct of nonresident,Private hospitals,Telecommunications,Offices of physicians- dentists- and other health care,Other state and local government enterprises,Natural gas distribution,Civic- social- professional- and similar,Insurance carriers,Petroleum refineries,Monetary authorities and depository credit,Printing,Transport by truck,Nondepository credit intermediation,Newspaper publishers,Legal services,US Postal Service,Nursing and residential care facilities,Retail Stores - Food and beverage,and Management of companies and enterprises

Public Libraries ROI

for every dollar of direct spending on operations payroll, libraries generate $0.53 in additional spending in the economy of Minnesota. In the same way, for every dollar of direct spending on operations services, libraries generate $0.74 in additional spending in Minnesota's economy

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