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October - December 2012     VOLUME 16 ISSUE 4
 
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Taxpayer Return on Investment in Florida Public Libraries (2010)

The State Library and Archives of Florida published the Taxpayer Return on Investment in Florida Public Libraries (2010), a research study assessing the taxpayer return on investment in Florida’s public libraries. The study was completed by The Haas Center for Business Research and Economic Development at the University of West Florida and provides an update to the original 2004 study.

The statewide return on investment increased from $6.54 in 2004 to $8.32 in 2008. The current study also examines the social value of public libraries and provides a return on investment calculation for each county.

KEY FINDINGS
Florida Libraries Support a Strong Economy

  • Jobs Created — A job is created for every $3,491 of public support to Florida libraries.
  • Income or Wages Increase — Income (wages) increases by $22.97 for every dollar of public support to libraries.
  • Gross Regional Product Increases — The value of all goods and services produced in the state of Florida increases by $10.57 for every dollar of public support to libraries.

Libraries Provide Essential Services

  • Public libraries help people learn new things no matter their age.
  • Public libraries improve a community by helping people learn new skills so they can get better jobs.
  • Public libraries attract good businesses to the area.