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
August 29, 2014 - (Valdosta, GA Daily Times) - Wage Gap Grows Between Support Staff at Tech Campuses and High-tech Employees: "'This is a real problem,' said Russell Hancock, president of Joint Venture Silicon Valley, which tracks economic and employment issues in the Bay Area. 'The high-skill tech jobs are becoming very high skill. That is really driving the wage gap. There are bidding wars for tech employees.'" More.
August 26, 2014 - (San Jose Mercury News) - Wage Gap Grows Between Support Staff at Tech Campuses and High-Tech Employees: "'This is a real problem,' said Russell Hancock, president of Joint Venture Silicon Valley, which tracks economic and employment issues in the Bay Area. 'The high-skill tech jobs are becoming very high skill. That is really driving the wage gap. There are bidding wars for tech employees.'" More.
August 25, 2014 - (USA Today) - Report: Tech Creating Black, Hispanic Underclass: "'This is the new Silicon Valley model. Companies have two work forces: their professional work force and their contract work force,' said Russell Hancock, president and CEO of Joint Venture Silicon Valley. More.
August 13, 2014 - (USA Today) - High-tech Service Workers are a Growing Underclass: "Russell Hancock, CEO of Joint Venture Silicon Valley, says the region is becoming 'a valley of haves and have-nots. We have never seen a bigger income gap, and it's only growing,' he said." More.
August 11, 2014 - (San Jose Mercury News) - Santa Clara County Has Highest Median Household Income in Nation, but Wealth Gap Widens: "'All of a sudden people turn around and realize we don't have a middle class anymore,' said Russell Hancock, president of Joint Venture Silicon Valley. More.
July 31, 2014 - (Palo Alto Online) - Palo Alto's Rule Changes for new El Camino Buildings Met with Skepticism: "Commissioner Michael Alcheck, meanwhile, vehemently opposed Keller's idea and defended both the Grand Boulevard Initiative and the build-to line requirement." More.
July 11, 2014 - (Silicon Valley Business Journal) - Silicon Valley’s Biggest City Hangs its Rebound Hopes on Big Tech. Could it backfire?: 'There’s a structural problem here,' said Russell Hancock, president and CEO of regional think tank Joint Venture Silicon Valley. 'This boom economy that we’ve created doesn’t actually track with our tax and public budgeting systems.'” More.
July 9, 2014 - (Associated Press) - Woman Charged in Manslaughter in Overdose Death: "'There's no question that Silicon Valley feels different than it felt 28 years ago when I moved here,' said Russell Hancock, president of Joint Venture Silicon Valley, an organization focused on the local economy and quality of life." More.
June 4, 2014 - (San Jose Mercury News) - Energy Storage: The Hot New Thing in Silicon Valley: "'Tesla is driving as fast as we can into this space,' Straubel said during a keynote address at the recent Energy Storage Symposium sponsored by Joint Venture Silicon Valley. 'I see us more as an energy innovation company at our core than even a car company.'" More.
June 4, 2014 - (Think Progress) - The Fight Over Silicon Valley’s Congressional Seat Is All About Money: "'These are the hard facts: our income gains are limited to those with ultra high-end skills,' Joint Venture Silicon Valley, which publishes the Silicon Valley Index each year, warns.” More.
June 3, 2014 - (Silicon Valley Business Journal) - Silicon Valley's "Grand Boulevard" Plan Stunted by Regional Conflicts: "The Grand Boulevard Initiative, an effort that aims to revitalize El Camino Real as it stretches through San Mateo and Santa Clara Counties, evokes lofty imagery of transforming the thoroughfare into a greater cultural and commercial artery — but it may be a little too lofty for some people's tastes." More.
June 3, 2014 - (Palo Alto Online) - Plan to Widen El Camino Sidewalks Falters: "The goal of these changes was to encourage a more pedestrian-friendly environment on the car-heavy, north-south thoroughfare and to further the goal of the regional Grand Boulevard Initiative, which aims to create vibrant "nodes" of pedestrian activity along El Camino." More.