Economic Impact
Once the new central library is open, it is expected to produce over $15 million annually in GDP.
“For every $1 invested in public libraries, $6 of community economic benefit is generated, a return of 600%. The impact is further magnified when the social value of libraries is taken into account.”
Source: Canadian Urban Institute – Case for Public Libraries Study, 2023
KPMG estimates the economic impact assessment of the construction of the new central library will:
- Add $132 million to Canada’s gross domestic product during the construction phase (~70% or $92.4 million to be realized in Saskatchewan).
- Create 1,043 full-time equivalent jobs in Canada.
Social Impact
Public libraries are needed now more than ever before because they contribute to at least 10 of the United Nation’s 17 Sustainable Development Goals.
Public Library help address global needs such as inclusion, education, poverty, health and well-being at the community level.
