Industry Analysis & Industry Trends
Declining government support over the past five years can be entirely attributed to the recession. Rising unemployment and falling disposable income resulted in declining tax revenue for state and local governments, which necessitated budget cuts. Since many public libraries serve as the only source of free computers and wireless internet in their community, according to the American Library Association, funding is anticipated to rise as the economy recovers and tax revenue increases. Rising disposable income levels will also bolster consumer donations to libraries.... purchase to read more
Industry Report - Industry Products Chapter
The majority of income in the Libraries and Archives industry is earned through funding from federal and state government. In addition, establishments in this industry also provide borrowing services, in-house book and database access, access to computers and other digital databases and archival institution services.
Borrowing and in-house access
Borrowing services and the provision of in-house book and database access are estimated to account for a respective 40.1% and 31.2% of industry revenue in 2014. Libraries and other establishments that hold archives allow users to borrow books so that they are able to read them at their leisure before returning them in a specific timeframe... purchase to read more