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What’s It Worth to You? A Return on Investment Study of Selected Colorado Public Libraries

What’s It Worth to You? A Return on Investment Study of Selected Colorado Public Libraries. Presented by Nicolle Steffen, Director Zeth Lietzau, Associate Director Library Research Service. What’s It Worth to You? A Return on Investment Study of Selected Colorado Public Libraries or.

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What’s It Worth to You? A Return on Investment Study of Selected Colorado Public Libraries

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  1. What’s It Worth to You? A Return on Investment Study of Selected Colorado Public Libraries Presented by Nicolle Steffen, Director Zeth Lietzau, Associate Director Library Research Service

  2. What’s It Worth to You? A Return on Investment Study of Selected Colorado Public Librariesor Public Libraries – A Wise Investment

  3. Public Libraries – A Wise Investment Presentation Overview • Timeline • Participating Libraries • ROI Methodology • Major findings • Tools and Resources

  4. Public Libraries – A Wise Investment Timeline: Study Set-up • Late 2005 - idea is born • Spring 2006 – proposal submitted • June 2006 – research begins • August 2006 – advisory committee meets

  5. Public Libraries – A Wise Investment Timeline: Data Collection • Fall 2006 – library survey • Spring 2007 • key informant interviews • patron survey (~5,000) • Summer 2007 – data entry and analysis

  6. Public Libraries – A Wise Investment Timeline: Reports & Tools • September 2007 – Public Libraries – A Wise Investment(individual library reports) • October 2007 – Library & Patron ROI Calculators • Future Resources • Closer Look Report • Summary brochure • Demographic analysis

  7. Participating Libraries

  8. Public Libraries – A Wise Investment Participating Libraries

  9. Participating Libraries

  10. Public Libraries – A Wise Investment ROI - Methodology Contingent Valuation • Cost to Use Alternatives • Lost Use • Direct Local Expenditures • Lost Compensation for Library Staff • Halo Spending Divided by Local Investment

  11. Public Libraries – A Wise Investment

  12. Public Libraries – A Wise Investment

  13. $5 $1 $100 Invested Yields $500 Return

  14. Public Libraries – A Wise Investment

  15. Returns on Investment by Library

  16. Returns on Investment by Library

  17. Returns on Investment by Library

  18. Returns on Investment by Library

  19. Public Libraries – A Wise Investment

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