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Weekly News Digest

January 20, 2022 — In addition to this week's NewsBreaks article and the monthly NewsLink Spotlight, Information Today, Inc. (ITI) offers Weekly News Digests that feature recent product news and company announcements. Watch for additional coverage to appear in the next print issue of Information Today. For other up-to-the-minute news, check out ITIís Twitter account: @ITINewsBreaks.

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Urban Libraries Council Creates Business Value Calculator for Member Libraries

The Urban Libraries Council (ULC) introduced the Business Value Calculator, a new member resource that was “developed specifically for public libraries to measure, quantify and communicate the impact of their business services to their local communities.” This will help them “learn new ways to communicate their economic value to city/county leaders, community partners and other local stakeholders.”

ULC has been piloting the Business Value Calculator with 10 member libraries. The savings figures they reported were millions of dollars for 1 year of business services. For example, despite “changes imposed by the pandemic, ULC member Pima County Public Library was able to provide over $1.3 million in value to their local business economy in 2021” (emphasis in original).

“Our local economies depend on the success of the entrepreneurs and small businesses in our communities, yet starting and growing a business is a major feat particularly for those who do not have ready access to start-up networks and resources. That’s where public libraries come in,” says Susan Benton, ULC’s president and CEO. “Entrepreneurs can meet one-on-one with business experts, attend skill-building workshops, use valuable databases, access free Wi-Fi and technology, and use the library’s co-working spaces. ULC’s new Business Value Calculator enables the library to measure and evaluate its contributions to economic development.”

For more information, read the press release.

Send correspondence concerning the Weekly News Digest to NewsBreaks Editor Brandi Scardilli

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