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Recent Ontario Public Library Economic Impact Studies

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 Newmarket Public Library, residents receive $7.85 in benefits, and the value of a Newmarket Public Library membership is $870/year.

Access: Newmarket Public Library’s report to the Newmarket Public Library Board

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 Library estimated at nearly $15 million

Access: Under the Umbrella: Stratford Public Library’s Economic Impact

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 household, and $350 per capita). Investing in PPL results in a return on investment of 485% for the City of Pickering.

Access: The Economic Impact of the Pickering Public Library on the City of Pickering 

Stephen

Posted on: January 17, 2017, 6:46 am Category: Uncategorized

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