Winnipeg’s downtown library is set to get a financial boost.

Mayor Sam Katz announced TD Bank has invested $150,000 towards an expansion of the Millennium Library.

It's part of the city's Sponsor Winnipeg program, and will help with renovations and a section that will be called the TD New and Noted area.

The city says it will be an open concept that offers more access to library collections including more areas for reading.

Since the launch of Sponsor Winnipeg in 2007, the city has generated more than $2 million from corporate sponsors for Winnipeg services and facilities.