What's Happening Now
Briefing on the 2014 Silicon Valley Index
Joint Venture CEO Russell Hancock and Silicon Valley Community Foundation CEO Emmett Carson opened the 2014 State of the Valley with a detailed briefing on the findings in the 2014 Silicon Valley Index, which shows that the regional economy is thriving and expected to get even better. The new prosperity, however, presents daunting challenges to accommodate the growth with sufficient housing, transportation and infrastructure, and is leaving middle and lower income sectors farther behind.
Learn more about the Silicon Valley Index online at www.siliconvalleyindex.org.
Trends Affecting Workforce Development
This report reviews broad economic forces in San Mateo County and the Peninsula and considers their implications for workforce development. The report spotlights the persistence of poverty even in the face of surging job growth, reviews the best practices fostering upward mobility for the workforce, and outlines strategies that can be carried out by workforce boards, community colleges, private industry and community organizations.
Sunnyvale Community Solar Array Development Feasibility Study
This report studies the feasibility and assesses the options for municipalities like Sunnyvale who want to provide residential and commercial subscribers with renewable energy. It follows on the heels of legislation signed into law in September 2013 (Senate Bill 43) which offers new regulatory mechanisms for deploying shared renewables projects in California communities. It also launched the Green Tariff Shared Renewables program (GTSR).
Silicon Valley Index - 2014
The 2014 Silicon Valley Index reveals that the region’s economy is red-hot and leads the nation with extraordinary growth in jobs, income, innovation, venture capital investment and immigration. The comprehensive yearly analysis of the economic strength and overall health of Silicon Valley also indicates that the new wave of prosperity poses greater challenges for the region to accommodate sustained growth and that the gains are bypassing the lowest earning groups, leaving the less affluent further behind than ever.
Smart Energy Enterprise Development Zone (SEEDZ)
Joint Venture's "Smart Energy Enterprise Development Zone" (SEEDZ) initiative unites local energy customers, solution providers, municipalities, institutions and utility interests in building the smart energy network of the future – characterized by the highest levels of power reliability, quality, affordability and sustainability.
In The News
January 30, 2015 - (MIT Technology Review) - The Purpose of Silicon Valley: "Such combinations of improvements in hardware and software lead to many technologies that are extremely valuable even if they get less attention than Web or mobile-app startups valued at hundreds of millions of dollars, says Tom Hayes, a marketing executive who founded the Techmanity conference and Joint Venture Silicon Valley, a group that promotes regional development." More.
January 24, 2015 - (Daily Beast) - U.S. Economy Needs Hardhats Not Nerds: "Black and Hispanic incomes in the Valley, notes Joint Venture Silicon Valley, have actually declined amidst the boom, as manufacturing and middle management jobs have disappeared...” More.
January 14, 2015 - (CNET) - Looking for a Tech Job?: "...median household income rise to nearly $95,000 in 2013, an increase of of 1.3 percent, according to an analysis of US Census Bureau data conducted by the Joint Venture Silicon Valley Institute for Regional Studies. More.
January 12, 2015 - (San Francisco Chronicle) - Lenny Mendonca: Real Answers About Real Issues for California: "He has been a force behind the work of the Joint Venture Silicon Valley, the Bay Area Council and its Economic Institute efforts to address fiscal reform in California, a partnership that has become known as California Forward. More.
January 8, 2015 - (San Jose Mercury News) - Sal Pizarro: Joint Venture to Honor Chuck Reed, Chris DiGiorgio with David Packard Award: "Reed, who just ended his eight-year tenure as San Jose's mayor, and DiGiorgio, a former longtime executive with Accenture, both recently stepped down from Joint Venture's board after six years as co-chairmen." More.
December 9, 2014 - (San Jose Mercury News) - Employment Boom Doesn't Touch Lost Manufacturing, Construction Jobs: "'The permanent loss of these jobs means that the squeeze will continue for the middle class,' said Russell Hancock, president of Joint Venture Silicon Valley." More.
December 5, 2014 - (San Jose Mercury News) - The Commute That Divides Us: "Joint Venture: Silicon Valley Network, which has long studied the "two valleys" issue, is starting to look more closely at the impact of the tech boom in San Francisco." More.
December 2, 2014 - (Virtual Strategy Magazine) - Menlo College President Richard A. Moran Elected to Joint Venture Silicon Valley Board of Directors: "'Menlo College is a vital part of the Silicon Valley ecosystem. We’re delighted that President Moran will take his rightful place alongside Silicon Valley’s leaders,' said Russell Hancock, Joint Venture CEO." More.
November 22, 2014 - (San Jose Mercury News) - Q&A: Russell Hancock: "Russell Hancock, president and chief executive officer of Joint Venture Silicon Valley, is a prime advocate for regional government and economic cooperation." More.
November 18, 2014 - (Palo Alto Weekly) - Plan for Dedicated Bus Lanes on El Camino Back on the Table: "The Bus Rapid Transit project, Ristow said, would support the investments made by the city and private developers in the El Camino Real corridor, and would serve as a "catalyst" for the 'Grand Boulevard Initiative'...More.
November 7, 2014 - (Silicon Valley Business Journal) - Silicon Valley Community Foundation CEO Emmett Carson Opens Up on Philanthropy: "'He's part preacher, with an evangelical fervor,' said Russell Hancock, Carson's friend and CEO of think tank Joint Venture Silicon Valley. 'But he's also part Spock — he's got the logic. On top of that, he's a highly effective executive.'" More.
November 6, 2014 - (San Francisco Chronicle) - Prologis Sows Tech Seeds in Central Valley with Huge Center: "'It does make sense to speak of the Greater Silicon Valley,' said Russ Hancock. president of Joint Venture Silicon Valley in San Jose, who consults with Amman 'We’re adjacent regions. The Bay Area is highly problematic in terms of costs, while the Central Valley has land, a hospitable policy climate, and labor.'" More.
October 31, 2014 - (Silicon Valley Business Journal) - Guest Column - Silicon Valley Needs to Catch Some Rays: "Analysis by the Joint Venture Silicon Valley Institute of Regional Studies of the valley's potential to install commercial solar shows that if only one percent of the commercial space was covered with solar panels, it could generate up to 61 megawatts, more than double what's already installed." More.
October 31, 2014 - (CityWatchLA.com) - The New Ruling Class: Silicon Valley's Chips Off the Old Block: "As Russell Hancock, the group’s president, observed, “Silicon Valley is two valleys. There is a valley of haves, and a valley of have-nots.” More.