Libraries are an “investment that’s well worth it”

Those who work and frequent public libraries are well aware of the value they provide to their local communities. However, one challenge public libraries face is getting awareness of their value out beyond their core customers. So it is always great to see a national publication or program talk about the positive role that public libraries play in their community.

On a recent episode of NPR’s Marketplace, host David Brancaccio interviewed reporter Chris Farrell about the return on investment that libraries provide to their local residents.

Photo by Pixabay on Pexels.com

Brancaccio: Well, do we know that? It’s a decent return on investment?

Farrell: Well, there’s this recent study — this one grabbed my attention — [by] three economists [from] Montana State University, Federal Reserve Bank of Chicago and Miami University. And they calculate by some measures a healthy return on investment. So among their findings, library capital investment increases children’s attendance at library events by 18%, children’s checkout of items by 21% and total library visits by 21%. Now, OK, that’s interesting, but increases in library use translate into improved children’s test scores in nearby school districts.

Read or listen to the rest of the interview online at the Marketplace web site.

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