Statistics Canada’s latest paper in their Education, Learning and Training Research Series estimates the projected financial impact of the COVID-19 pandemic on Canadian universities for the 2020-2021 academic year. Over the last decade, universities have increasingly relied on tuition fees as a revenue source. This growth has been estimated to come mostly from an increasing Read More…
Category: Economic Impact
Woodstock Public Library delivers $7.20 in benefits for every $1.00 invested
Woodstock Public Library (WPL) recently released the results of their economic impact survey using a methodology created by the Martin Prosperity Institute (MPI) at the University of Toronto for the Toronto Public Library. The study used Library activity data from 2018. Key findings: The total economic benefit derived from Woodstock Public Library’s activities in 2018 Read More…
Bradford West Gwillimbury Public Library brought $11 million to local economy last year
In a recent presentation to Bradford West Gwillimbury council, library CEO Terri Watman cited highlights from the library’s economic impact study. This study has been added to the LRN List of Canadian Public Library Impact Studies.
Why Investing in Your Public Library is a No-Brainer
A recent post by Oleg Kagan, writer, librarian, and Managing Editor of EveryLibrary Medium Magazine, discusses the incredibly good ROI of public libraries. It’s absolutely true: as Oleg confirms, research shows that, in the U.S., for every dollar communities invest in their public library, they get $5 (or more) in return in the form of Read More…
Markham Public Library Estimates Economic Impact at $82.6 million annually
Markham Public Library’s economic impact study for the year 2016 produced the following findings: Markham Public Library’s total economic impact is estimated at $82.6 million annually (2016$). Economic benefit per resident is $251.33 Economic benefit per household is $805 Every dollar invested in Markham PL generates $5.97 of value. Access the full study at the Read More…
OLS-North Releases the Valuing Northern Libraries Toolkit
The Skills Development Team of Ontario Library Service – North has released the Valuing Northern Libraries Toolkit. Developed specifically for the unique conditions of small, rural, remote and First Nation libraries, this project was a collaborative effort among OLS-N, Dryden, Kenora, Powassan and District, Rainy River, Temiskaming Shores, and Wikwemikong First Nation public libraries, and NORDIK Institute. The Read More…
Vaughan Public Libraries delivers approximately $315 of economic impact for every citizen
Vaughan Public Libraries’ economic impact study reveals that VPL delivers significant value to the citizens of Vaughan, Ontario: Vaughan Public Libraries (VPL) provides tremendous economic impacton Vaughan citizens through the value derived from using the librarybranches’ services and resources. Statistics on library use are growingsteadily and demonstrate that VPL creates over $71 million in directbenefits Read More…
Hamilton Public Library generates $5.59 in value, for every $1 invested
In February 2018, Hamilton Public Library released “Discover HPL: Measuring the Impact of Hamilton Public Library“. Based on data from 2016, key findings include: ROI: for every $1 invested in Hamilton PL, citizens receive $5.59 in economic benefits; that translates to $1,022 per active cardholder $301 per citizen $765 per household Hamilton PL generated a Read More…
Edmonton Public Library’s Economic Impact is $187 million annually
Edmonton Public Library worked with Nordicity to calculate the library’s economic impact on the City of Edmonton. Using a methodology similar to that used by Toronto Public Library, Edmonton Public Library’s impact is significant: EPL’s total economic impact is calculated by adding the the value of using collections, and the value of programs and services, Read More…
Burlington Public Library creates over $57 million in total economic impact to the City of Burlington
Burlington Public Library recently published the results of it’s economic impact study. Here are the top-line results: In 2015, Burlington Public Library created over $57 million in total economic impact to the City of Burlington. That’s a solid return on investment of 464 per cent. The findings show that Burlington Public Library clearly contributes to Read More…