CLA 2014: The Economic Impact of Libraries

Hamilton Public Library
Hamilton Public LibraryLibrarian & Library Value Researcher at Hamilton Public Library
So Much More:
The Economic Impact
of the Toronto Public
Library on the City of
Toronto
About the Toronto Public Library
• TPL is one of the world’s busiest library systems with over 18 million
visits to 98 branches in 2013; 2 new branches will open in the next 18
months.
• 72% of Toronto citizens use the TPL throughout the year, and over
1.3 million people are registered library card holders
• In January 2013, City of Toronto Council asked the City Librarian to
commission a study to determine the economic impact of Toronto
Public Library to the City of Toronto, and to specifically analyze the
open hours policy.
About the Martin Prosperity Institute
• Part of the Rotman School of Management at the University of
Toronto
• Positioned at the intersection of academia, business and civil society
• Anchored by three of the world’s top thinkers and writers:
– Roger Martin, former Dean of Rotman School of Management;
author, Playing to Win
– Don Tapscott, Executive Director of the Global Solution Networks;
author, Wikinomics
– Richard Florida, author, The Rise of the Creative Class
• So Much More co-authored by Dr. Kevin Stolarick, Research Director
at MPI and Kimberly Silk, Data Librarian, completed December 2013.
Funding of Study
Estate of Norman G. Hinton
Step 1: Environmental Scan
Step 2: Methodology and Message
• Valuation of library
services
• Valuation of direct
spending
• Transparent
methodology
• Conservative estimates
• Clear message
Toronto Public Library creates
over $1 billion in total economic impact
Total direct benefits reach $502 per member
The average open hour at a branch generates
$2,515 in direct benefits
Intangible benefits deliver value
Opportunities for residents to
✓ improve literacy skills,
✓ enhance educational and
✓ employment opportunities,
✓ and improve quality of life
for themselves and their families
Step 3: Communicating the Results
• More, deeper studies are
needed – how to connect
outputs to outcomes?
• Value of collaborations
and partnerships
• Sharing and
communicating the study
results
• Importance of library
research
• More, deeper studies are needed – how to connect
outputs to outcomes?
• Value of collaborations and partnerships
• Sharing and communicating the study results
• Importance of library research
What We Learned
Thank you
The study can be found here:
http://www.torontopubliclibrary.ca/content/about-the-
library/pdfs/board/meetings/2013/dec09/10_1.pdf
For more information on the study contact:
Kimberly Silk, Data Librarian
Martin Prosperity Institute, University of Toronto
kimberly.silk@martinprosperity.org
@kimberlysilk
Elizabeth Glass, Manager, Planning & Development,
Planning, Policy and E-Service Delivery
Toronto Public Library
eglass@torontopubliclibrary.ca
CLA 2014: The Economic Impact of Libraries
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CLA 2014: The Economic Impact of Libraries

  • 1. So Much More: The Economic Impact of the Toronto Public Library on the City of Toronto
  • 2. About the Toronto Public Library • TPL is one of the world’s busiest library systems with over 18 million visits to 98 branches in 2013; 2 new branches will open in the next 18 months. • 72% of Toronto citizens use the TPL throughout the year, and over 1.3 million people are registered library card holders • In January 2013, City of Toronto Council asked the City Librarian to commission a study to determine the economic impact of Toronto Public Library to the City of Toronto, and to specifically analyze the open hours policy.
  • 3. About the Martin Prosperity Institute • Part of the Rotman School of Management at the University of Toronto • Positioned at the intersection of academia, business and civil society • Anchored by three of the world’s top thinkers and writers: – Roger Martin, former Dean of Rotman School of Management; author, Playing to Win – Don Tapscott, Executive Director of the Global Solution Networks; author, Wikinomics – Richard Florida, author, The Rise of the Creative Class • So Much More co-authored by Dr. Kevin Stolarick, Research Director at MPI and Kimberly Silk, Data Librarian, completed December 2013.
  • 4. Funding of Study Estate of Norman G. Hinton
  • 6. Step 2: Methodology and Message • Valuation of library services • Valuation of direct spending • Transparent methodology • Conservative estimates • Clear message
  • 7. Toronto Public Library creates over $1 billion in total economic impact
  • 8. Total direct benefits reach $502 per member
  • 9. The average open hour at a branch generates $2,515 in direct benefits
  • 10. Intangible benefits deliver value Opportunities for residents to ✓ improve literacy skills, ✓ enhance educational and ✓ employment opportunities, ✓ and improve quality of life for themselves and their families
  • 11. Step 3: Communicating the Results • More, deeper studies are needed – how to connect outputs to outcomes? • Value of collaborations and partnerships • Sharing and communicating the study results • Importance of library research
  • 12. • More, deeper studies are needed – how to connect outputs to outcomes? • Value of collaborations and partnerships • Sharing and communicating the study results • Importance of library research What We Learned
  • 13. Thank you The study can be found here: http://www.torontopubliclibrary.ca/content/about-the- library/pdfs/board/meetings/2013/dec09/10_1.pdf For more information on the study contact: Kimberly Silk, Data Librarian Martin Prosperity Institute, University of Toronto kimberly.silk@martinprosperity.org @kimberlysilk Elizabeth Glass, Manager, Planning & Development, Planning, Policy and E-Service Delivery Toronto Public Library eglass@torontopubliclibrary.ca