2011 News Archive
December 28, 2011 - (Silicon Valley/San Jose Business Journal) - Calling All Cleantech Companies for Municipality Demo Event: The San Jose-based Environmental Business Cluster in conjunction with Joint Venture Silicon Valley, the Silicon Valley Economic Development Alliance and the Cleantech Open are seeking late-stage cleantech startups in California to participate in a municipality demonstration event. More.
December 21, 2011 - (Time Forum) - Energy Innovations and Solutions for a Sustainable Urban Environment: Joint Venture CEO discusses collaborative solar purchasing by Silicon Valley cities. Video.
December 18, 2011 - (San Jose Mercury News) - Facebook Moving to a New Stage: It's actually more like a college campus," said Russell Hancock, president and CEO of Joint Venture Silicon Valley. More.
December 16, 2011 - (KLIV Radio) - Zynga Launches IPO, Begins Trading: Joint Venture Silicon Valley CEO Russell Hancock tells KLIV he does not believe this a repeat of the Internet bubble of 1999. More.
December 15, 2011 - (Capitol Weekly) - California Sings a Siren Song for the U.S. Patent Office: In April, Silicon Valley businesses made their case directly to Kappos at a meeting in Santa Clara hosted by Joint Venture and the Silicon Valley Leadership Group. More.
December 15, 2011 -(Los Gatos Patch) - Los Gatos Waits for Solar Panels: The panels are part of Joint Venture Silicon Valley’s Renewable Energy Procurement Project, which involve nine local municipalities... More.
December 14, 2011 - (Central Valley Business Times) - Central Valley Named One of State's Greenest: Joint Venture: Silicon Valley Network launched the Silicon Valley Collaborative Energy Procurement Project to enable nine participating agencies to install renewable energy systems. More.
December 1, 2011 -(San Jose Mercury News) - Sal Pizarro: The 2012 State of the Valley conference will have some big names on stage -- Presidents Barack Obama, George W. Bush and Bill Clinton, plus former California Gov. Arnold Schwarzenegger -- at least in the form of impressionist Steve Bridges. More.
November 17, 2011 - (Wall Street Journal) - Uneven growth as region revives. Joint Venture Silicon Valley, an organization of business, government and academics focused on Silicon Valley issues, has previously warned of a bifurcated society here where there are two extremes: the very wealthy and the poor, with little middle ground. More.
October 26, 2011 - (San Jose Mercury News) - Silicon Valley is well-positioned to be a leader in smart-grid techonology. Another ongoing effort is the Moffett Park Community Smart Grid Project, a public-private partnership developing a fully integrated smart grid in and around Moffett Field, home to NASA Ames Research Center. More.
October 23, 2011 - (San Jose Mercury News) - Major changes may be coming to El Camino Real. It's all part of what's being called the Grand Boulevard Initiative for El Camino from San Jose to San Francisco. More.
October 20, 2011 - (One Magazine) - Russell Hancock: "Our economy has entered a 'new normal," one characterized by incremental growth, fewer jobs and more austerity in the corporate sector." More.
September 6, 2011 - (PBS Nightly Business Report) - Silicon Valley is hiring, but can't find skilled workers. Russell Hancock, CEO of Joint Venture Silicon Valley Network, thinks there are three key solutions to the problem, including raising the cap on H1b visas which allow immigrants to work in the U.S. More.
August 8, 2011 - (Energy NOW!) - Taking charge: Clean Tech's new capital. Russell Hancock, Joint Venture Silicon Valley: "This is the place where America's energy future is going to be invented." Video.
August 8, 2011 - (Huffington Post) - Tech stock crash: End of the bubble? Russell Hancock, the president and CEO of Joint Venture, an industry coalition...noted that the "hype and excess" of the late-'90s bubble was "not the case this time. Companies are behaving prudently, bringing genuine product and value -- and investors recognize it." More.
August 7, 2011 - (San Francisco Chronicle) - El Camino Real: Can planners take the high road? The idea of the Grand Boulevard Initiative is a good one: there's room along El Camino to provide needed housing without bulldozing everything that came before. More.
July 25, 2011 - (San Jose Mercury News) - Guest opinion column co-authored by Joint Venture's Rachel Massaro: Bad economy can't stop Bay Area communities from advancing clean energy. More.
July 8, 2011 - (Huffington Post) - As national employment stalls, job market booms in Silicon Valley. Russell Hancock, the CEO of Joint Venture: Silicon Valley Network, an industry coalition, spoke to the broad decrease in unemployment in the Valley. More.
July 1, 2011 - (San Jose Mercury News) - Sal Pizarro: On the radio. Joint Venture Silicon Valley is launching a public-affairs program that will air at noon Sundays on KLIV-AM (1590). More.
June 17, 2011 - (ABC7) - Calif. breaks ground on new solar energy projects. "It's hard to do because you have to do it in conjunction with the private sector and you have to work out complicated multi-user agreements and Santa Clara is the first to pull it off," Joint Venture Silicon Valley spokesperson Russell Hancock said. Video.
June 9, 2011 - (Bay Citizen) - Skilled immigrants skipping Silicon Valley, heading to Rust Belt. Brookings findings represent a ¨danger sign¨for the Bay Area´s tech sector, said Russell Hancock, head of Joint Venture Silicon Valley, a public-private think thank. More.
May 17, 2011 - (Palo Alto Online) - Palo Alto expects dozens of new wireless facilities. The business coalition Joint Venture of Silicon Valley is also lobbying for improved wireless infrastructure and arguing that the region's existing wireless infrastructure is dangerously close to reaching its capacity. More.
May 16, 2011 - (Palo Alto Online) - Guest Opinion: Palo Alto leads in wireless, but needs bandwidth to operate. A new Wireless Communications Initiative (WCI), as part of Joint Venture: Silicon Valley Network, is working with city councils, city staff, wireless carriers and communities to promote deployment of a 21st-century wireless infrastructure. More.
May 16, 2011 - (Burlingame Patch) - Getting ready for disasters. When the Silicon Valley Joint Venture, a non-profit gathering of influential Santa Clara County names -- created the Disaster Resiliency Center at Moffett Field in Mountain View, they were thinking a little bigger. More.
May 13, 2011 - (Silicon Valley/San Jose Business Journal) - Peninsula's economy continues to rebound. “I’m guessing that in a couple of quarters from now people will be talking about Silicon Valley’s resilience. We’re always the comeback kid,” said Russell Hancock, CEO of Joint Venture. More.
April 20, 2011 - (Red Orbit) Facebook to get a visit from Obama today. More than 12,000 jobs are added each year as the Silicon Valley economy recovers from the recession, according to Joint Venture: Silicon Valley. More.
April 17, 2011 - (San Jose Mercury News) - Cassidy: Tech giants' big profits underscore the tale of two Silicon Valleys. Meantime, Silicon Valley nonprofits cut their workforces by 15 percent in 2009, according to Joint Venture: Silicon Valley Network's latest survey. More.
April 15, 2011 - (San Francisco Business Times) - Coming back to life; unemployment is dropping as optimism spreads in tech and real estate sectors. “I’m guessing that in a couple of quarters from now people will be talking about Silicon Valley’s resilience. We’re always the comeback kid,” said Russell Hancock, CEO of Joint Venture: Silicon Valley Network. More.
April 5, 2011 - (Politico.com) - Silicon Valley lobbies for a satellite PTO office. “Successful businesses know to be close to the customer,” said Russell Hancock, president and chief executive of Joint Venture: Silicon Valley Network, a regional economic organization that is co-sponsoring the Kappos event. “We think government should be the same.” More.
April 6, 2011 - (San Francisco Chronicle) - Why Silicon Valley needs a patent office. Op-ed by Russell Hancock and Carl Guardino. Fortunately, there is legislation making its way through Congress establishing three more satellite offices. One of those simply must come to Silicon Valley. More.
April 5, 2011 - (CNN) - Silicon Valley experiencing new hiring boom. The hope is that these new positions will produce a positive ripple effect by also creating jobs for those who may not be as skilled or educated, says Russell Hancock, who runs Joint Venture: Silicon Valley Network, an organization that promotes economic development. More.
April 4, 2010 - (Palo Alto Online) - Plan for wi-fi antennas slammed by residents. Leon Beauchman, a retired AT&T executive who heads the "Wireless Communication Initiative" for Joint Venture: Silicon Valley said the initiative recently did a study on wireless capacity and determined that the region is "woefully underinvested" in wireless infrastructure. More.
March 30, 2011 - (Hollister Freelance) - Silicon Valley leader points to changing landscape. Russell Hancock, chief executive officer and president of Joint Venture of Silicon Valley Network, spoke with local leaders for more than two hours, discussing the future of the area and its current economic standing. More.
March 22, 2011 - (NPR) - Silicon Valley job outlook brighter, still cloudy. "There was a period when we thought Silicon Valley might be immune to this whole thing. We're a technology economy, we're export oriented," says Russell Hancock, president of Joint Venture Silicon Valley Network, a public-private forum for discussing regional issues. More.
March 18, 2011 - (Bloomberg/Businessweek) - How about sharing your sheriff? Together, through such groups as Joint Venture Silicon Valley Network, government and business are tackling complex challenges, from economic development to emergency preparedness. And they are working in unison to design more comprehensive, yet more affordable, solutions by reducing duplication. More.
March 18, 2011 - (Silicon Valley/San Jose Business Journal) - Op-ed by Joint Venture's Leon Beauchman: Dinner talk and modern infrastructure. Our competitive advantage in relation to countries in Asia and Europe will be directly related to Americans’ ability to access and share information. Let’s hope the guests at the Obama dinner gave some thought to this as they checked their iPhones, BlackBerrys and Droids over dessert. More.
March 11, 2011 - (Silicon Valley/San Jose Business Journal) - Smart grid may come to Moffett Park. Joint Venture: Silicon Valley Network’s board of directors signed a memorandum of understanding on Friday with major Silicon Valley companies to explore a smart grid or microgrid project at Moffett Park. More.
March 11, 2011 - (ABC7 News) - Bay Area waits to see fallout from Japan quake. The president and CEO of Joint Venture Silicon Valley says the real take away from this quake should be, "What if it happened here? It's mixed news, frankly, on the one hand we have superb service providers first responders, might be the world's best," Russell Hancock said. Video.
March 11, 2011 - (Silicon Valley/San Jose Business Journal) - Joint Venture joins World Expo push. Joint Venture: Silicon Valley Network’s board of directors unanimously voted Friday to join the Bay Area Council in its push to bring the 2020 World Expo to Moffett Field. Caveats to the motion included that the event be carbon neutral and that Joint Venture stay involved should the bid be accepted, said the group's CEO, Russell Hancock. More.
March 8, 2011 - (The Bay Citizen) - What the census says about the Bay Area."These are folks in technology jobs, they're engineers, they're scientists, they're entrepreneurs" said Russell Hancock, the president and CEO of Joint Venture: Silicon Valley Network, a public-private collaborative that brings together government and business leaders in the South Bay. More.
March 3, 2011 - (Fox & Hounds) - The State of Silicon Valley. Published since 1995 by Joint Venture Silicon Valley Network and distributed for free, the new 2011 Index of Silicon Valley reported bleak indicators and a gloomy outlook. More.
February 27, 2011 - (New Geography) - The state of Silicon Valley. The event provided Valley insiders a moment to reflect on the economic storm, and the mood was darkly optimistic. A persistent phrase tossed out was the “new normal,” old Wall Street jargon describing a repressed economic environment. More.
February 21, 2011 - (Wall Street Pit) - Get ready to party like it is 1995. The peace dividend from the fall of the Berlin Wall had impacted engineers in local defense companies (remember the movie of a laid-off defense worker in LA going postal?), and an area-wide initiative called Joint Venture: Silicon Valley was formed to revitalize the place. Was Silicon Valley already over? More.
February 18, 2011 - (Examiner.com) - Silicon Valley looks for a third way. Organized by Joint Venture Silicon Valley, the conference featured a parade of speakers, most of whom seemed guardedly optimistic about the future prospects for the Valley but also had plenty of criticism about the way things have gone. More.
February 18, 2011 - (San Jose Mercury News) - Sal Pizarro: Silicon Valley would be Thomas Jefferson's kind of place. Joint Venture Silicon Valley's annual State of the Valley conference Friday featured some amusing and thoughtful words from President Thomas Jefferson -- in the form of humanities scholar and author Clay Jenkinson. More.
February 18, 2011 - (San Jose Mercury News) - Former Obama advisor: Silicon Valley tech companies can help nation out of slump. "Government is going to have to change its free-spending, inadequate-taxing ways," (Christina Romer) told an audience of about 1,000 people gathered at the McEnery Convention Center in San Jose for Joint Venture: Silicon Valley's 2011 State of the Valley Conference. More.
February 18, 2011 - (PBS NewsHour) - Obama takes messages of innovation, jobs to Silicon Valley leaders. Russell Hancock, CEO of a consortium of Silicon Valley businesses and government, says these innovations should remind President Obama how important such inventions and the Valley itself are to the nation: "If there's a place that can lead us out of the recession, if there's a place that can reinvent energy in our energy future, it would be Silicon Valley. But we have to do this in partnership." Video.
February 18, 2011 - (PBS NewsHour) - High tech and high fashion as Obama woos Silicon Valley leaders. The Valley ... became a national high-tech center when the federal government started pouring money into projects like the moon shot and biotechnology... Everybody needed chips, says Russell Hancock of Joint Venture Silicon Valley Network: "That's what built this valley, and more recently that funding has trailed off. And it's a concern. We're actually deeply concerned about it." More.
February 18. 2011 - (ABC7 News) - Silicon Valley hopes its ideas will inspire Obama. The president left Silicon Valley about the time one of its signature gatherings was kicking off at downtown San Jose's McEnery Convention Center. The State of the Valley conference is held annually by Joint Venture: Silicon Valley Network to be the region's town hall meeting. Video.
February 17, 2011 - (San Jose Mercury News) - Editorial: Regional report's grim news for cities and counties is a call to action. The crisis in local government is documented in a special analysis in this week's annual index of business and community progress, produced by Joint Venture and the foundation. It has been looming for the better part of a decade. More.
February 17, 2011 - (NBC Bay Area) - Why Pres. Obama picked the Bay Area. If the economy is the president's highest priority, then the Bay Area is the obvious choice for a drop by. Video.
February 15, 2011 - (Almanac Online) - Silicon Valley Index suggests economic recovery. "Silicon Valley's economy is making slow but noticeable progress recovering from the major blow delivered by the recession," Joint Venture CEO Russell Hancock said Monday, noting upticks in new business establishments, patent registrations and venture-capital activity emanating from the region. More.
February 15, 2011 - (Peninsula Press) - Community leaders lobby for improved cell phone coverage in Silicon Valley. Leon Beauchman, a former AT&T representative who recently resigned his position to head up the wireless initiative for Joint Venture Silicon Valley Network, said a more standardized process could help cellular companies anticipate what data to provide when applying for new projects across multiple South Bay jurisdictions. More.
February 15, 2011 - (KQED News) - Silicon Valley hiring pace picks up, stabilizes. The study, released Monday by Joint Venture: Silicon Valley Network and Silicon Valley Community Foundation, also found per-capita income stabilized last year, at $62,400 - the same level as in 2005. Meanwhile, the region is still reeling from cutbacks in government jobs and programs, according to the report. More.
February 15, 2011 - (AOL Daily Finance) - Recession lingers on in Silicon Valley. A new report from Joint Venture: Silicon Valley Network and Silicon Valley Community Foundation shows compensation and unemployment in the region haven't improved since the downturn, and it's not entirely due to the tech layoffs during the recession. More.
February 15, 2011 - (San Francisco Chronicle) - Bottom line: Andrew S. Ross. The federal stimulus "propped up the public sector for probably couple of years, but now it's feeling the full brunt of the recession," said Russell Hancock, CEO of Joint Venture, whose membership roll includes 40 cities, 150 corporations, plus labor leaders, colleges and community organizations. More.
February 15, 2011 - (San Francisco Chronicle) - Silicon Valley hiring pace picks up, stabilizes. "The good news is the private sector is doing its thing - don't ask me how they're doing it, they're defying gravity," said Russell Hancock, chief executive officer of Joint Venture, a nonprofit group in San Jose. "The problem is the public sector is slammed." More.
February 14, 2011 - (ABC7 News) - David Louie: Study sees signs of recovery in Silicon Valley. The report projects that revenue generated by job creation and new businesses will not provide cities and counties in Santa Clara and San Mateo counties with the money to maintain vital public services. Video.
February 14, 2011 - (KCBS Radio) - Tim Ryan: Crisis in government funding slows economic recovery in Silicon Valley. ...the public sector future, Joint Venture CEO Russell Hancock says, looks bleak. “The cupboard is bare,” he said. “In local government in Silicon Valley, they’ve done everything they can do and there are still huge gaps.” Hancock says there need to be huge cuts — or higher taxes. Audio.
February 14, 2011 - (Wall Street Journal) - In Silicon Valley, recovery remains limited. In the Index of Silicon Valley—which covers the region's economic indicators and is compiled by nonprofits Joint Venture: Silicon Valley Network and the Silicon Valley Community Foundation—the groups said that the Silicon Valley economy has become increasingly bifurcated in the past year. While the tech industry is growing, that hasn't translated into widespread employment gains, with much of the improvement undermined by factors such as a municipal funding crisis. More.
February 14, 2011 - (Bloomberg/Businessweek) - Silicon Valley employment stabilizes at 2004 levels. The study, released today by the nonprofits Joint Venture: Silicon Valley Network and Silicon Valley Community Foundation, found that per-capita income also stabilized, at $62,400. That’s the same level as in 2005. More.
February 14, 2011 - (San Jose Mercury News) - Silicon Valley faces tough choices in public services. The warning accompanied the release of the 2011 Silicon Valley Index by Joint Venture: Silicon Valley Network and the Silicon Valley Community Foundation. The report covers Santa Clara and San Mateo counties. More.
February 14, 2011 - (Silicon Valley/San Jose Business Journal) - Silicon Valley recovery slowed by state woes. The 2011 Silicon Valley Index showed the region added 12,300 jobs in 2010, bringing it back to 2004 employment levels. Per-capita income has stabilized at 2005 levels of $62,400.The report was prepared and released by Joint Venture: Silicon Valley Network and Silicon Valley Community Foundation. More.
February 10, 2011 - (ABC7 News) - Solar power developer to call bay home. Joint Venture Silicon Valley Network analyzes economic growth in the area and they said that from 2000 to 2006, green jobs grew 41 percent in Silicon Valley compared to 17 percent for the rest of California. Video.
January 28, 2011 - (Financial Times) - China dims prospect for Silicon Valley jobs. Silicon Valley, though a bright spot in California’s labour market, has seen only sluggish job growth since the recession, according to Russell Hancock, president of Joint Venture Silicon Valley Network, which represents business, government and other interests in the region. High costs are likely to prevent even the top tech companies from hiring many more people locally, he says. More.
January 25, 2011 - (ABC7 News) - Silicon Valley's job see-saw and its impacts. "It looks like maybe we've started to turn the corner on the great recession at least here in Silicon Valley," Joint Venture (CEO) Russell Hancock said. "But having said that, I also need to point out that it's offset by corresponding job losses in the public sector." More.
January 21, 2011 - (La Prensa San Diego) - Chop from the top. Joint Venture Silicon Valley, for example, is calling for “wholesale tax reform,” because today’s tax code fails to capture the most dynamic parts of California’s economy. More.
January 18, 2011 - (GreenTechMedia.com) - "Energy storage is a matter of when, not if," according to FERC Commissioner Philip Moeller...an energy thought leader and energy rock star of sorts. He spoke at the Silicon Valley Energy Storage Symposium...in an event organized by Joint Venture Silicon Valley Network. More.
January 17, 2011 - (San Jose Mercury News) - Study: 100k homes, 250k jobs seen for El Camino Real. El Camino Real could become a much more bustling place in the next two decades, jampacked with taller housing complexes nestled alongside more shops and work places. More.
January 14, 2011 - (Examiner.com) - The cumulative renewable energy investment worldwide is expected to pass $2 trillion in the next 5 years. At the Storage Symposium in Sunnyvale, CA this week, participants engaged in a discussion of the future of energy storage technologies and related regulation. Joint Venture of Silicon Valley and Electric Power Research Institute (EPRI) organized the annual symposium. More.
January 14, 2011 - (Silicon Valley/San Jose Business Journal) - Synopysys CEO wins Joint Venture's Packard Award. Russell Hancock, president and CEO of Joint Venture, said deGeus was chosen for his "unwavering commitment and service to our region, particularly in the area of education. More.
January 12, 2011 - (San Jose Mercury News) - Sal Pizarro: Silicon Valley residents will get a chance to hear what the president of the United States thinks of the region at this year's State of the Valley conference. Sort of -- as the president we're talking about is Thomas Jefferson. Historian and scholar Clay Jenkinson ... will provide a view of Silicon Valley through the Founding Father's eyes at Joint Venture's daylong town hall meeting. More.
January 12, 2011 - (Crosscut.com) - California regions take grassroots approach to rebuilding. In regions as diverse as Silicon Valley and the Sierra Nevada, new collaborations of business, government, and community leaders were launched to address complex challenges spanning multiple political jurisdictions. Joint Venture Silicon Valley and the Sierra Business Council became models for other regions. More.
January 11, 2011 - (San Jose Mercury News) - Russell Hancock, president and chief executive officer of Joint Venture: Silicon Valley Network, said "this is a budget that's real. I don't think it's pro-anybody ... He's asking us to all to be adults, to say this is not going to be easy and we all have to share the burden. We have to do it together." More.
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Joint Venture's initiatives, publications, events and regional expertise receive frequent coverage in the national and local news media. Our staff is always available to comment on economic trends in Silicon Valley.
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