Economic Impact

Value of Non-adult/juvenile Public Library Circulation

Other Circulation - According to the Bibliostat category designated “other,” total other circulation in Minnesota in 2010 was 1,380,274. Multiplied by the circulation per item value ($4.75), we get the total value of other circulation which is $6,556,302.

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.

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

Public Library of MN add to the state economy

The public libraries of MN on the state economyCapital Expenditures: The impact of payroll  associated with public library capital expenditures delivers an impact of more than $35.5 million dollars to the State. Operations: The impact of payroll associated with public library operations delivers an impact of more than $260.8 million dollars to the State.Capital Expenditures: The impact of sales associated with public library capital expenditures delivers an impact of more than $65.3 million dollars to the State. Operations: The impact of sales [services] associated with public library operations delivers an impact of more than $366.4 million dollars to the State. 

Pages

Subscribe to Economic Impact