Newmarket Public Library creates over $20 million in total economic impact for the Town of Newmarket

In December 2016, Newmarket Public Library (NPL) adopted the methodology developed by the Martin Prosperity Institute for the Toronto Public Library to conduct their own economic impact study. The study indicates that NPL creates over $20 million in total economic impact, equating to $231 per resident or $717 per household. In addition, for every $1 invested in Read More…

Ottawa Public Library Delivers $5.17 in Benefits for every $1 Invested

Ottawa Public Library’s recently released economic impact study concludes: … the library generated $256 million in total benefits in Ottawa in 2015, a remarkable 417% return on investment. This return is comparable to other libraries in Ontario who have completed similar studies. When compared to the number of residents ($266), active library card holders ($1,038), Read More…

Vancouver Island Regional Library generated a total economic impact of $94,783,558 in 2015

Vancouver Island Regional Library published their economic impact study in July 2016, with the following findings: The full economic impact of Vancouver Island Regional Library in 2015 was $94,783,558 For every $1 invested, customers receive $5.36 in value ROI is 335% Value per open hour: $1,107.73 Vancouver Island Regional Library serves a population of 430,000 Read More…

Kawartha Lakes Demonstrates the Value of Local Libraries

The Kawartha Lakes Public Library recently announced the results of their economic impact study. Based on 2014 data, and using the methodology developed for the Toronto Public Library by the Martin Prosperity Institute at the University of Toronto, the study demonstrates that for every dollar invested in the library, Kawartha Lakes residents received $7.05 in Read More…

London Public Library generates yearly economic impact of $102 million

London Public Library’s economic impact study, conducted in 2015, reveals that the library has a measurable economic impact of more than $102 million and a return on investment of 452%. The results of this economic study clearly show that London Public Library, is an excellent investment for its citizens and the City of London. London Public Read More…

Sault Ste. Marie Public Library generates more than $6 million in economic benefits

From the Executive Summary: “[t]his research demonstrates some key economic values for the Sault Ste. Marie Public Library. The value was calculated using previous research conducted by the Martin Prosperity Institute (2013) and based on formulae derived from similar research in Australia, the UK and Canada. In brief, using industry standard economic formulae, this research shows that the Sault Read More…

Stratford Public Library generates $14.91 million in total economic impact

Stratford Public Library published the results of their economic impact study in the February 2015 issue of their newsletter, Under the Umbrella. Using the economic impact model designed for Toronto Public Library, Stratford PL calculated a total economic impact of $14.91 million. Read the article in The Stratford Beacon Herald: Economic impact of Stratford Public Read More…

Pickering Public Library creates over $32 million in total economic impact

In 2014, Pickering Public Library (PPL) completed a detailed analysis of its economic impact using a methodology first used by the Toronto Public Library and developed by the Martin Prosperity Institute, University of Toronto. Key findings from the analysis indicate that PPL creates over $32 million in total economic impact (which equates to $1,073 per Read More…

Milton Public Library creates nearly $30 million in total economic impact

In July 2014, MPL completed a detailed analysis of its economic impact, using a methodology developed in 2013 by the Martin Prosperity Institute, Rotman School of Management for the Toronto Public Library. The analysis shows that MPL creates nearly $30 million in total economic impact (which equates to $930 per household, and $312 per capita). Investing Read More…

Halton Hills Public Library creates over $18 million in total economic impact

Halton Hills Public Library’s economic impact study, conducted in 2014, reveals that HHPL creates over $18 million in total economic impact, which equates to $892 per household and $301 per capita. Halton Hills Public Library Director, Jane Diamanti, presented their report to the HHPL Library Board on June 25, 2014. Halton Hills Public Library adjusted, for Read More…