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2010 News Archive

December 24, 2010 - (San Jose Mercury News) - Silicon Valley recovery on track in 2011; no double dip, economists say. Government in the valley has shed 4,200 jobs ... And Russell Hancock, president and CEO of Joint Venture: Silicon Valley, fears that's just the beginning. The public sector is "in worse shape than many of us even imagine," he said. More.

December 18, 2010 - (Frankfurter Allgemeine Zeitung) - Amerika schopft Hoffnung (America draws hope). Was the talk about the faltering superpower premature? So ist der Prozentsatz von Schulabschlüssen, die bestimmten Universitätsanforderungen genügen, in der Region deutlich zurückgegangen, klagt Russell Hancock, der Vorstandsvorsitzende der Organisation „Joint Venture: Silicon Valley Network. More.

December 17, 2010 - (Investor's Business Daily) Amid Silicon Valley, Real Estate Market No Longer Computes. "It's as bad as we've ever seen," said Russell Hancock, CEO of Joint Venture Silicon Valley Network. The group of civic and business leaders works to improve the area's economy. "Someone told me there's enough vacancy to fill 15 Empire State buildings." More.

December 16, 2010 - (San Jose Mercury News) - Cassidy: Globalization complicates Silicon Valley's regional rivaries. Russell Hancock, CEO of think tank Joint Venture: Silicon Valley Network, has been alarmed for years by the disappearing opportunities in the valley for the middle class. More.

December 6, 2010 - (USA Today) - San Francisco's charm lures high-tech workers. "The city attracts the new, younger tech crowd," says Russell Hancock, CEO of Joint Venture: Silicon Valley Network, a public-private group. "It is a powerful cluster for social media, Web 2.0, design-heavy work. Plus, Silicon Valley has been coping with globalization and contract work outside the area." More.

December 3, 2010 - (Silicon Valley/San Jose Business Journal) - People on the Move. The board of directors of Joint Venture: Silicon Valley Network have elected two new members, Chris Martin, president of the Northern California District for UPS, and Stacy McAfee, vice president and director of the Bay Area campus of University of Phoenix.

November 19, 2010 - (Portfolio.com/Business Journals) - The Golden State continues to lose its luster. “I’m not telling you the sky is falling, but I have a duty to report that some of the indicators are not good,” said Russell Hancock, chief executive of Joint Venture Silicon Valley Network. More.

November 4, 2010 - (San Jose Mercury News) - Chris O'Brien: Valley prepares for new political climate. "We think it (Prop. 23) would have been a huge step backward for the valley," said Russell Hancock, president and CEO of Joint Venture Silicon Valley. More

October 28, 2010 - (San Jose Mercury News) - Mike Cassidy: Silicon Valley reinvention isn't what it used to be. The latest Joint Venture: Silicon Valley Network index reported that the number of people working for themselves in Silicon Valley increased by 25 percent from 2002 to 2007. More.

October 22, 2010 - (San Jose Mercury News) - San Mateo Transit District wins American Planning Association award for its work on Joint Venture's Grand Boulevard initiative. More.

October 21, 2010 - (Bloomberg Businessweek) - Tech companies see dearth of mobile-software designers. Competition has intensified partly because of increased demand for talent in other countries, especially India and China, said Russell Hancock, CEO of Joint Venture: Silicon Valley Network. More.

September 17, 2010(San Francisco Business Times) – Russell Hancock, CEO of the Joint Venture Silicon Valley think tank, said the issue of dead zones is widespread enough in Silicon Valley that this year his group assembled a public-private taskforce to work with Palo Alto and San Jose on creating streamlined permitting procedures for cell towers that could be used by other government agencies. More.

August 6, 2010 - (Reuters) - HP CEO Mark Hurd resigns suddenly. "Shock and puzzlement, that's how it's going to go down," president and chief executive of Joint Venture Silicon Valley Russell Hancock said.

July 26, 2010 - (San Jose Mercury News) - Silicon Valley export growth lags nation.  The development of new industries not necessarily tied to exports, such as clean energy, could be another reason for slower export growth, said Russell Hancock, president and chief executive officer of Joint Venture: Silicon Valley Network. More.

July 25, 2010 - (San Jose Mercury News) - People on the Move. Wells Fargo executive Eric Houser elected to Joint Venture board. More.

July 18, 2010 - (The Work Style Magazine) - New gadgets are still delighting customers, Yosemite is still beautiful and Hollywood is still filling theatres, but the state is facing major economic difficulties. "Silicon Valley is feeling a lot of pain," says Russell Hancock, chief executive of Joint Venture. More.

July 9, 2010 - (Palo Alto Online) - Under siege: Federal funding that has historically sustained Silicon Valley economic growth is threatened. More.

June 30, 2010 - (Deccan Herald - India) - Silicon Valley may lose its edge. Silicon Valley's economy is sputtering and risks permanently stalling, according to an annual report by a group of researchers in the region. More.

June 12, 2010 - (San Jose Mercury News) - Cassidy: What the rest of us made. According to Joint Venture: Silicon Valley Network's most recent economic index, our per capita income declined just under 3 percent in 2009. More.

June 10, 2010 - (San Mateo County Daily Journal) - Councilman says cities should not give to nonprofits. Before Charlie Bronitsky was elected to the Foster City Council in November he did not realize the city was in the practice of doling out money to area nonprofits every year. More.

May 30, 2010 - (San Francisco Chronicle) - Community colleges to get funds for retraining. "This is especially true in a place like Silicon Valley, where we are constantly creating new industries and obsoleting old ones, forcing people to transition every few years," said Russell Hancock, chief executive of Joint Venture Silicon Valley, a business-backed public policy group that believes community colleges are essential to providing skilled technical workers. More.

May 21, 2010 - (Silicon Valley/San Jose Business Journal) - Editorial: Invest in your business: Hire an intern. A number of recent studies, including one by Joint Venture: Silicon Valley Network, have reported Silicon Valley, long regarded as the epicenter of innovation, could be losing its edge. I say things are still OK in the valley. More.

May 21, 2010 - (San Jose Mercury News) - Web 2.0 companies settling in San Francisco. Economists and groups such as Joint Venture: Silicon Valley Network say the core of the Bay Area from San Francisco to San Jose is essentially a single economic unit in which everyone benefits from the success of any company within it. More.

May 21, 2010 - (Silicon Valley/San Jose Business Journal) - Editorial: Invest in your business: Hire an intern. A number of recent studies, including one by Joint Venture: Silicon Valley Network, have reported Silicon Valley, long regarded as the epicenter of innovation, could be losing its edge. I say things are still OK in the valley. More.

May 21, 2010 - (San Jose Mercury News) - Web 2.0 companies settling in San Francisco. Economists and groups such as Joint Venture: Silicon Valley Network say the core of the Bay Area from San Francisco to San Jose is essentially a single economic unit in which everyone benefits from the success of any company within it. More.

May 13, 2010 - (Almanac News) - A plan in the works for Menlo Park's city center has received an award from the Grand Boulevard Initiative, a collaboration of Peninsula cities and counties from Daly City to San Jose aimed at revitalizing El Camino Real. More.

May 9, 2010 - (San Jose Mercury News) - Cassidy: Return of Silicon Valley swagger will take more than iPad apps. "Our area has problems," Russell Hancock, CEO of Joint Venture: Silicon Valley Network, tells NBC11 reporter Scott Budman at one point. "We're not solving our basic problems." More.

May 9, 2010 - (San Jose Mercury News) - People on the Move: Joint Venture: Silicon Valley Network: The San Jose organization that monitors Silicon Valley's economic health appointed Ben Foster to its board of directors. Currently, he serves as vice president of operations at Optony. More.

May 6, 2010 - (NBC Bay Area) - Silicon Valley brain power drain. Part 3 of Scott Budman's week-long series on the Silicon Valley economy, includes interview with Joint Venture CEO Russell Hancock. More.

May 2, 2010 - (San Jose Mercury News) - Mark Bauhaus named to Joint Venture board of directors. More.

May 1, 2010 - (NBC Bay Area) - How to Save Silicon Valley. We decided to dig deep into Silicon Valley, its culture, and its businesses, for a week-long series of reports called "Boom, Bust, and Beyond."  We got a lot of help from Valley heavy hitters.  Some, like Joint Venture Silicon Valley CEO Russell Hancock, say that after a series of ups and downs, the Valley faces a current slump it may not be able to get out of. More.

April 28, 2010 - (USA Today) - Many Silicon Valley start-up companies work from home. The shift is reflected in a rise in vacant commercial real estate, up 33% last year compared with 2008, reports the 2010 Silicon Valley Index, an annual study by non-profit Joint Venture: Silicon Valley Network. The number of smaller companies, many of which are operated out of residences, has steadily increased to more than 120,000, the index says.

April 16, 2010 - (Salon.com) - Will startups get squeezed by a tech hiring binge? As recently as February, the economy in Silicon Valley was said to be “sputtering,” according to a report by two Valley non-profit groups. “We show no evidence that the recovery has arrived,” Russell Hancock, chief executive of one of the groups, told the New York Times. More.

April 16, 2010 - (Palo Alto Online) - Riding Palo Alto's clean tech revolution. In February, the groups Joint Venture: Silicon Valley Network and Silicon Valley Community Foundation released the 2010 Index of Silicon Valley, a report full of sobering news about the local economy. According to the annual index, venture-capital investment in Silicon Valley's clean-tech companies dropped from $1.9 billion in 2008 to $1.2 billion in 2009 -- a 37 percent drop. More.

April 14, 2010 - (San Francisco Examiner) - A regional Wi-Fi plan — with San Carlos and Palo Alto as pilot sites — that would have connected up to 40 cities with wireless Internet service has all but been abandoned. San Carlos business owners know there is a Wi-Fi network ready to go in their city, but they are not using it. More.

April 9, 2010 - (Menlo College News) - While economic and business classes are essential to each student's education, there is a rush at the beginning of each semester to reserve spots in all of the available art classes. "A rich life has many dimensions," said Russell Hancock, President and CEO of Joint Venture: Silicon Valley Network, and Artist-in-Residence at Menlo College. More.

April 7, 2010 - (Milpitas Post) - Milpitas initiates regional energy partnership. City of Milpitas is partnering with the County of Santa Clara as well as other Bay Area cities and regional agencies to advance what some are calling the largest renewable energy procurement effort in the United States to power public buildings such as Milpitas City Hall. More.

April 5, 2010 - (PBS Newshour) Silicon Valley slump shows shift of U.S. Technology. PBS reports on how the economic downturn has hit Silicon Valley and what it means for the future of U.S. technological innovation. Interview with Russell Hancock. Video.

March 30, 2010 - (Silicon Valley/San Jose Business Journal) - Santa Clara County officials said Tuesday they will partner with cities and agencies to buy energy through renewable sources. The regional effort to be known as the Regional Renewable Power Purchase Initiative was put out to bid Tuesday. More.

March 30, 2010 - (Investor's Business Daily) - Silicon Valley Powering Up For Cleantech Valley Conversion. The Northern California tech mecca of Silicon Valley has lost some of its luster, but it's gearing up to bring the shine back, albeit with a green tinge. More.

March 25, 2010 - (Wall Street Journal) - More single employee firms in Silicon Valley. According to the 2010 Index of Silicon Valley, an annual economic study of the area, the number of nonemployer firms in the San Jose-Sunnyvale-Santa Clara region rose 24.6% between 2002 and 2007 to 124,561. More.

March 23, 2010 - San Jose Mercury News - Health bill to have big impact on Silicon Valley. More.

March 6, 2010
- (Toronto Star) - Olive: Who will be tomorrow's leaders? "Toronto is the most ambitious place I've lived," says Richard Florida, the urban-policy guru who heads up the Martin Prosperity Institute, a think-tank at the Rotman School of Management at the University of Toronto. More.

March 5, 2010 - (Frankfurter Allgemeine Zeitung) - Das Silicon Valley fürchtet um seinen Rang. More.

March 3, 2010 - (San Jose Mercury News) - Study calls for skinnier roads, more room for other travel on El Camino Real. More.

March 1, 2010 - (San Jose Mercury News) - Editorial: Chile reminds us self sufficiency is the best disaster plan. More.

February 27, 2010 - (San Jose Mercury News) - Cassidy: Health care is changing with or without reform. More.

February 27, 2010 - (San Francisco Chronicle) - Education cuts may lead to U.S. brain drain. More.

February 23, 2010 - (San Jose Mercury News) - Herhold: Statistics offer glimpses into how Silicon Valley lives. More.

February 21, 2010 - (KCBS) - In Depth: The outlook for Silicon Valley, Interview with Russell Hancock. More.

February 19, 2010 - (San Jose Mercury News) - Opinion: Remember the historical role of federal investment in Silicon Valley. More.

February 17, 2010 - (Milpitas Post) - Most people hereabouts think of the economic heart of our valley as being likely to bounce back from adversity, get back to a growth cycle and bring back those prosperous times. That firm belief got a bit shaky last week when the annual joint report of the Silicon Valley Network and the Community Foundation was found laced with negatives and gloomy warnings. More.

February 17, 2010 - (AsiaOne Business) - A looming foreign talent crunch has been pinpointed as a top factor that threatens to rob the Silicon Valley of its title as the world's innovation centre. 'There are clear warning signs suggesting Silicon Valley has entered a new phase of uncertainty and that our competitive standing is at risk,' says the 2010 Silicon Valley Index released on Thursday. More.

February 16, 2010 - (San Jose Mercury News) - Financing renewable-energy projects, such as the installation of solar panels, could become easier for Cupertino residents. Cupertino is among a select group of cities in California participating in a pilot program intended to help property owners finance renewable energy, water and energy-efficiency projects over time. More.

February 16, 2010 - (Mt. View Voice) - Silicon Valley is badly losing the race for huge federal investments that will jumpstart the industries of the future, a panel of Valley leaders warned Friday. More.

February 13, 2010 - (San Jose Mercury News) -  Guest Column: On one point almost everyone agrees: California's government is broken. Where reasonable minds might differ: How do we fix it? Do we go with our hearts or our heads? More.

February 12, 2010 - (Silicon Valley/San Jose Business Journal) - Short on money, organizers are putting on hold an effort to convene a constitutional convention aimed at fundamentally rewriting the rules of state government. Repair California, an offshoot of the Bay Area Council business group, said Friday it will pause its effort to put two initiatives on the November ballot. More.

February 12, 2010 - (Sydney Morning Herald) - The global economic crisis has taken a heavy toll on California's Silicon Valley and its future as the US center of innovation is at risk, according to a report released on Thursday. More.

February 12, 2010 - (ABC7) - Silicon Valley is planning to hire what some people are calling a secret agent to do "special ops" -- undercover reconnaissance and intelligence gathering to bolster its competitiveness and to win more federal funding. The special ops person will report to a steering committee made of top Silicon Valley organizations vested in the economic vitality of the region. More.

February 12, 2010 - (San Francisco Business Journal) - The recession has stalled Silicon Valley’s vibrant innovation economy and left its global competitive standing at risk as never before, according to the 2010 Silicon Valley Index released Thursday by Joint Venture: Silicon Valley Network and Silicon Valley Community Foundation. More.

February 12, 2010 - (Information Week) - Economic recession in the U.S., coupled with more vibrant economies overseas and political gridlock in California, has stalled Silicon Valley innovation, leaving the nation's premiere high-tech region at risk of losing its edge, a study shows. More.

February 12, 2010 - (Information Age) -  Silicon Valley, the Californian region where many of the IT industry’s biggest companies began, is in danger of losing its innovative edge, according to a new report from an organisation representing its business interests. More.

February 12, 2010 - (Silicon Valley/San Jose Business Journal) - A federal plan to boost “green” technology innovation by slashing patent processing time has some Silicon Valley lawyers wondering: Will the program help or hurt their tech clients? More.

February 12, 2010 - (Vietnamese Weekly) - The global economic crisis has taken a heavy toll on California's Silicon Valley and its future as the US center of innovation is at risk, according to a report released on Thursday. More.

February 11, 2010 - (EWeek.com) - A bump in IT employment numbers for January is welcome news for IT workers, says one industry group. Silicon Valley, however, is still a region at risk due to many factors, such as California's financial wores, poor venture capital  and capital investment, and a shrinking engineering base. More

February 11, 2010 - (Silicon Valley/San Jose Business Journal) - There’s nothing like numbers to remind you of reality, and Joint Venture: Silicon Valley Network has a troubling set of numbers it hopes will be a wake-up call for the valley. More.

February 11, 2010 - (San Francisco Chronicle) - Silicon Valley has rebounded from prior downturns, but this time a shakeout in venture capital, a foreign brain drain and a crisis in California education pose new threats to the innovation ecosystem, says a report being released today. More.

February 11, 2010 - (Bloomberg News/Business Week) - Silicon Valley, facing a slowdown in innovation and a shortage of funding, may lose its competitive advantage to emerging U.S. technology hotbeds such as Huntsville, Alabama, and Washington, D.C., a study found. More.

February 11, 2010 - (CNET) - Silicon Valley has faced tough times before. But climbing out of its current downturn may prove more challenging than ever, says a new report. Hit by the recession, overseas competition, and political gridlock in California, Silicon Valley--a region virtually synonymous with the high-tech industry--has lost its competitive edge and appeal, according to the "2010 Silicon Valley Index" (PDF) released Thursday by Joint Venture: Silicon Valley Network and the Silicon Valley Community Foundation. More.

February 11, 2010 - (San Jose Mercury News) - Two Silicon Valley groups warned today that decisive action by business, government and education is needed if the region is to retain its standing as the world's innovation epicenter. More.

February 11, 2010 - (Associated Press/San Francisco Examiner) - Silicon Valley's economy took a big hit during the global meltdown and could have trouble climbing out, according to a report released Wednesday. More.

February 11, 2010 - (Forbes TV) - Silicon Valley: So Long Good Times - A new report shows depressing trends when it comes to jobs, talent and growth. Video.

February 11, 2010 - (ABC7 News) - We're getting a first look at Silicon Valley's annual report card, and its sobering and key findings point to a stalled engine. More.

February 11, 2010 - (KLIV 1590)  - For the past 60 years, technology has been the high-octane gas that's kept Silicon Valley on top of the world when it comes to innovation. A new, 72-page report out today from Joint Venture Silicon Valley and the Silicon Valley Community Foundation questions whether we'll still be on top 60 years from now. More.

February 11, 2010 - (KCBS) - Unemployment in Silicon Valley will remain above the national average as job creation remains stalled outside of the clean technology sector, according to the 2010 Index for the Valley report. More.

February 11, 2010 - (USA Today) - Don't let a recent surge in the financial performance of high-tech companies fool you: Silicon Valley continues to hemorrhage jobs and talent. Lingering frailty threatens to hurt the local economy and damage the innovative culture that defines the region, according to the 2010 Silicon Valley Index, released today. More.

February 11, 2010 - (New York Times) - Silicon Valley’s economy is sputtering and risks permanently stalling, according to an annual report by a group of researchers in the region. More.

February 11, 2010 - (Palo Alto Online) - With rising competition from Bangalore to Beijing, Silicon Valley's dominance as the world's innovation hub is "at risk as never before," a local think tank has concluded. More.

February 11, 2010 (Wall Street Journal) - Silicon Valley's economy faces a steep climb out of the recession. That is the conclusion of a closely watched annual report from the nonprofits Joint Venture: Silicon Valley Network and the Silicon Valley Community Foundation, which represent local businesses, government agencies and philanthropies. More.

February 11, 2010 (San Jose Mercury News) - Chris O'Brien: Is it time to panic about Silicon Valley's future? Having just read through the latest annual Index of Silicon Valley, it's not an unreasonable question. The Index, published by two local civic organizations, is like an annual checkup of the valley's health on a range of social and economic measures. And while I wouldn't have expected this year's report to be all roses and chocolate, the depth of gloom it conveys amid the dire stats and grim forecasts still managed to leave me in a nervous sweat. More.

February 11, 2010 - (Yahoo! Finance) - The economic recession has stalled Silicon Valley’s vibrant innovation economy and left its global competitive standing at risk as never before, according to the 2010 Silicon Valley Index released today by Joint Venture: Silicon Valley Network and Silicon Valley Community Foundation. More.

February 11, 2010 - (San Jose Mercury News) - Editorial: Joint Venture Silicon Valley, Community Foundation sound alarm on economy. The 2010 Index of Silicon Valley goes beyond the usual, measured conclusions about the economic and social trends it tracks annually in the valley. This time, it sounds an alarm. More.

February 10, 2010 - (San Jose Mercury News) - A decade ago, Derell Licht had a short five-mile commute up Interstate 880 through Fremont. It took 45 agonizing minutes. "Everything on 880 from Mission Boulevard to past Auto Mall Parkway was literally a parking lot," said Licht, 56, a software engineer ... Today, it's clear that the Bay Area's approach to its transportation network has changed fundamentally — and those changes will help us when the economy comes back. More.

February 9, 2010 - (San Jose Mercury News) - Opinion: Join the Campaign for a Constitutional Convention. To the surprise of no one, California finds itself again with multibillion dollar deficits and no clear way to meet the shortfall. The crisis will play out as it has in the past — with budgetary gimmicks, partisan hand-wringing and political stalemate. Meanwhile, schools, police, fire, and other crucial services are strained to the breaking point. More.

February 8, 2010 - (ABC7 News) - The Silicon Valley's economic vitality is under the microscope this week, kicking off with an economic strategy study session by the San Jose City Council this afternoon and ending Friday with the release of the Valley's 2010 Economic Index by Joint Venture Silicon Valley and the Silicon Valley Community Foundation. More.

February 3, 2010 - (San Jose Mercury News) - High-tech workers in the Bay Area were slammed with a 12 percent drop in wages in the first nine years of the past decade, reflecting the volatile nature of pay in the valley and the collapse that followed the dot-com bubble, the Bureau of Labor Statistics reported Tuesday. More.

January 31, 2010 - (San Jose Mecury News) - En Garde, Silicon Valley!: Joint Venture's State of the Valley conference, coming up Feb. 12, always includes musical and dramatic performances by various Silicon Valley students. But this year, things are going to be really sharp thanks to a demonstration from the Stanford University fencing team. More.

January 23, 1010 - (Examiner.com) - At the Silicon Valley Energy Storage Symposium and Technology Showcase on January 20 in Sunnyvale, CA about 100 people attended to discuss energy storage technologies and the challenges we face. More.

January 18, 2010 - (San Jose Mercury News) - Editorial: Decisions to be made on November's ballot could change the course of California history. But so many reform proposals are circulating that voters may be inclined to ignore or reject them all. What a shame that would be. More.

January 13, 2010 - (San Jose Mercury News) - Millpitas city-owned buildings and facilities will be under review as part of a regional effort to make existing municipal facilities greener mainly by harnessing the power of the sun. More.

January 8, 2010 (Los Gatos Weekly Times) - Joint Venture's Colleen Wilcox was honored with a Distinguished Service Award from the YMCA of Silicon Valley for her work with teens. 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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