Economic Impact | Page 2 | Libraries Matter

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.

Reference:

Minnesota Public Libraries' Return on Investment

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.

Reference:

Minnesota Public Libraries' Return on Investment

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.

Reference:

Minnesota Public Libraries' Return on Investment

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.

Reference:

Minnesota Public Libraries' Return on Investment

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.

Reference:

Minnesota Public Libraries' Return on Investment

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.

Reference:

Minnesota Public Libraries' Return on Investment

Minnesota Public Libraries' ROI

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

Reference:

Minnesota Public Libraries' Return on Investment

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

Reference:

Minnesota Public Libraries' Return on Investment

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.

Reference:

Minnesota Public Libraries' Return on Investment