South Carolina Public Library Economic Impact Study - Illinois

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o Helped to obtain a new job: 11% said yeso Helped improved or start business: 15% said yeso Helped with a business opportunity: 25% said yeso Assisted workers to be more productive their job: 37% said yeso Introduced users to new technologies: 28% said yeso Helped users with primary education work: 18% said yeso Helped users with life-long learning: 47% said yeso Contributed to their home schooling efforts: 12% said yeso 49% of business users indicated that they obtained most of thebusiness/research information from their public libraryo 78% of business users indicated that information obtained from the publiclibrary contributed to the success of their businesso Without access to the information in their public library, 23% of thebusiness users indicated that they estimated their cost would increasebetween $500 and $5,000 and 7% estimated costs would increase by$5,000o 41% of business users said that if they did not have access to the publiclibrary it would have some negative impact and 33% said it would have amajor negative impact on their businesso 59% of personal investors said they obtained the information needed formaking investment decisions from their public libraryo 48% said “definitely” the investment information at the public library hadcontributed to their financial well-being and 34% said “somewhat”o 32% of the respondents said the dollar value of the information obtainedfrom the public library was between $10,000 and $1 million and 2% saidover $1 millionIn the second phase of the project, the Study Team used existing data from the SouthCarolina State Library to demonstrate a monetary equivalent of the services provided bySouth Carolina libraries. Among those findings are the following:(1) The direct economic impact of all SC public library expenditures is $80 million(2) The existence of SC public libraries brings to the state (from federal and privatesources) almost $5 million each year that it would not otherwise have.(3) The value of the loans and use of books, videos, cassettes, CDs, newspapers,magazines, etc. to users each year is approximately $102 million.(4) The value of reference services to users in SC each year is approximately $26million.(5) The total direct economic impact of SC public libraries is estimated at $222million, while the actual cost of these services to the state and local governments
is only $77.5 million. This means that for every $1 spent by state and localgovernments on SC public libraries the return on investment is $2.86.(6) The indirect economic impact of SC public library expenditures (wages, supplies,books and related materials, construction, etc.) on the state’s economy is almost$126 million. This means that for every $1 expended by SC public libraries, thestate receives $1.62 of indirect economic impact.(7) The total direct and indirect return on investment for every $1 expended on thestate’s public libraries by SC state and local governments is $4.48—almost 350%!
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South Carolina Public Library Econo
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Table of ContentsExecutive Summary
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o Helped to obtain a new job: 11% s
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Background and Rationale for the St
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Surveys of users and non-users of p
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economy.” The brochure may be fou
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o 12% said it had contributed to th
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Summary of Findings from the Analys
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For questions 5, 6, 7, & 8 please s
Page 20 and 21: • Contributed to your Home School
Page 22 and 23: 7. What type of reference materials
Page 24 and 25: A.3: Responses from the Personal In
Page 26 and 27: 10. What dollar value would you ass
Page 28 and 29: 5. If you answered "Yes" to the pre
Page 30 and 31: • All libraries provide essential
Page 32 and 33: am out and about learning more. We
Page 34 and 35: CHARLESTON• Ability to find a wid
Page 36 and 37: charge). I have been able to make s
Page 38 and 39: • I have been able to update my r
Page 40 and 41: EDGEFIELD• My family uses "DISCUS
Page 42 and 43: I feel more confident that I am mak
Page 44 and 45: purchase are appropriate for my stu
Page 46 and 47: • The ability to obtain informati
Page 48 and 49: personal and professional growth an
Page 50 and 51: • The library (along with my pare
Page 52 and 53: time activities that additional pro
Page 54 and 55: CHARLESTON• I am a homeschool par
Page 56 and 57: LEXINGTON• Homeschool resources T
Page 58 and 59: Appendix B: Detailed Findings from
Page 60 and 61: subscriptions held results in: (sum
Page 62 and 63: Part II: Indirect Economic Impacts
Page 64 and 65: Morris, A., et. al. (2001b). Value
Page 66 and 67: Research Team and AcknowledgementsD
Page 68 and 69: The Economic Impact of Public Libra
Page 72: School of Library & Information Sci
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South Carolina Public Library Economic Impact Study - Illinois

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