This article appeared on the Fox Illinois web site on April 13, 2017. The article profiles Champaign Public Library, and how the proposed federal budget, which includes the elimination of the IMLS, puts libraries like Champaign PL in jeopardy. “It’s a place where you can find a book to read,” Harrington said. “You can find that computer […]
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 library services.
For under ten dollars you get thousands of books, music, movies, wholesome activities for kids, very expensive market research databases, and a much, much more.Oleg Kagan – The Return on Investment from Your Public Library is Unbelievable!
Here in Canada, the research produces similar results: of the 16 public library systems who have conducted economic impact studies, the library delivers between $3 and $8 for every dollar invested.
With a return this good, surely public libraries are more than worth the investment.