Executive Summary: Return on Investment Study of the Charlotte Mecklenburg Library 2010
Together with the Charlotte Mecklenburg Library, the UNC Charlotte Urban Institute completed a study to estimate the value of public libraries to Mecklenburg County residents in 2010. (Note: This study was begun in July of 2009. The findings from this report were determined before Mecklenburg County officials announced a 50 percent funding reduction for the Charlotte Mecklenburg Library for the 2010-11 fiscal year.) To measure the ROI, this study used a combination of methods including an online survey of library users and an analysis of existing data from the Charlotte Mecklenburg Library to estimate the monetary equivalent of the services provided by the library. In addition, local expenditures, such as salaries and building and equipment costs, were included as a measure of indirect economic impact.
The purpose of this study was to estimate the value of public libraries to Mecklenburg County residents and to what extent residents feel the public library contributes to their overall economic well-being.
The Executive Summary of findings is available below. To read the full report, click here.