New economic modelling demonstrates that every dollar invested in public libraries generates $4.30 of benefits for the state.
At the local level, every dollar invested in Yarra Plenty Regional Library is delivering $3.50 of benefits to its communities of Banyule City Council, Nillumbik Shire and City of Whittlesea. YPRL delivers $36.7 million in net benefits to the community.
YPRL CEO Jane Cowell said public libraries have evolved beyond their traditional role of housing collections to offer vital community services, including digital connectivity, support for all kinds of literacy (including early years, financial and digital), universal access to information and government services.
“Today’s libraries are about services and programs as much as physical collections. No other institution offers the same personal help, equal and free access to information, social engagement, and sense of safety and belonging,” YPRL Jane Cowell said.
“From English language classes and seniors’ technology programs, to storytime sessions for preschool children, public libraries offer an incredible breadth of services to support community members at every stage of life.
“Today we are launching the Libraries Change Lives campaign to demonstrate public libraries are a must-have community service that can play an even greater role in growing the Victorian economy and delivering social benefits.”
YPRL welcomes more than 1.6 million visitors a year, engaging them in diverse programs such as community gardening, doggy tales and robotics.
It also makes a positive impact on the local economy, contributing 18.3 million to Gross Regional Product through job creation (direct and indirect), expenditure and the economic activity local library services trigger.
Yarra Plenty Regional Library (YPRL) will launch its Libraries Change Lives initiative in November. Across three events the library will launch the campaign to highlight the social and economic benefits that public libraries bring to our region.
Discover more here.