Joint Venture Silicon Valley provides ANALYSIS, ACTION, LEADERSHIP

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Joint Venture Silicon Valley provides

ANALYSIS

ACTION

LEADERSHIP

What is Joint Venture Silicon Valley?

Established in 1993, Joint Venture brings together Silicon Valley’s established and emerging leaders—from business, government, academia, labor and the broader community—to spotlight issues and work toward innovative solutions. In this short video see what Silicon Valley leaders have to say about the organization.

What's Happening Now

Joint Venture board adds new members

three headshotsJune 11, 2021 – The Joint Venture Silicon Valley board of directors today elected three new board members at its quarterly meeting. Katie Ferrick, Senior Director of Workplace Programs at LinkedIn; Claire Johnston, Managing Director of Google Real Estate Development at LendLease; and Hrishika Vuppala Partner at McKinsey & Company, were unanimously elected to the body of leaders.

“We are pleased to welcome this panel of accomplished leaders to the Joint Venture board,” said Russell Hancock, President & CEO of Joint Venture. “Their combined experience will bring strength and innovation to Joint Venture’s work.”

Read news release

Institute names Drew Starbird Senior Fellow

Drew Starbird headshotJune 10, 2021 – Joint Venture’s Institute for Regional Studies has named Drew Starbird as a senior fellow. A frequent contributor to the Institute’s research on hunger and food assistance projects, Starbird will provide continuing counsel and work on broader initiatives. “Dean Starbird brings deep domain expertise and an analytical mind to our Institute,” said Russell Hancock, CEO of Joint Venture and president of the Institute for Regional Studies. Starbird is executive director of the My Own Business Institute and a professor in the department of information systems & analytics at Santa Clara University.

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Support for VTA victims' families

San Jose skylineMay 26, 2021 - In the wake of a horrific shooting in San Jose, Joint Venture expresses deep sadness for the families who lost their loved ones. Their loss is felt by an entire region rocked by the violence that has become too common across our nation. 

Joint Venture encourages donations to support the families of the victims, using the Union Community Resources program set up by Working Partnerships. 
 

Donate now

Meet Dr. Rakesh Chaudhary

June 7, 2021 - Dr. Rakesh Chaudhary was named physician in chief at Kaiser Medical Center in Santa Clara just days before the world imploded with COVID-19. “It seems so long ago, but also like yesterday,” says Dr. Chaudhary. “Several of us were talking about a virus that was coming our way and literally two days later our first case landed at the hospital here. Suddenly we were standing on the epicenter.” Santa Clara County had the first recorded US death from COVID. “I was worried about our community, our staff, our physicians, and I could see the fear in their eyes and I could hear the fear in their voices. And they just kept doing their work,” says Dr. Chaudhary. 

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Data Release: Unemployment nudges slightly lower

cover imageMay 21, 2021 – Silicon Valley’s unemployment rate nudged slightly lower in April to 4.9%, though month-over-month declines are tapering off as the region slowly emerges from the pandemic crisis. Joint Venture’s Institute for Regional Studies released analysis that shows a small, two-tenths of a percentage point decline in the regional unemployment rate between March and April 2021. This decline represents an additional 2,600 employed throughout Santa Clara and San Mateo Counties. “Silicon Valley’s emergence from the crisis is getting more people back to work, but we have a long way to go to full employment and our progress is slow,” said Rachel Massaro, the Institute’s Director of Research.

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Institute Release: Q1 2021 commercial space

coverMay 18, 2021 - Joint Venture’s Institute for Regional Studies released its Q1 2021 Silicon Valley Commercial Space report. The report notes that, one year into the pandemic, commercial leasing activity in Silicon Valley was slow, with fewer than 100 transactions in total. A handful of large commercial buildings were completed despite the slowdown of region development overall since the start of the pandemic, and an impressive 15 million square feet remains in-progress.

The quarter also marked the first notable rise in asking rents for industrial, lab, and R&D space. Vacancy rates for office and R&D space rose as well. In contrast, industrial space vacancy rates remained relatively stable.

Read the report

Joint Venture-backed emissions bill moves forward

June 7, 2021 - Joint Venture recently endorsed Senate Bill (SB) 582, which would establish the state’s first-ever statutory net-negative emissions goal, with a target date of 2035. The bill has passed the Senate Environmental Quality Committee and calls for a Just Resilience Plan to drive urgently needed investments in California’s most vulnerable communities.

California must take courageous and bold action. Doing so will re-establish California as an international climate leader and galvanize equitable public and private investments in the solutions needed, from clean energy and mobility, to nature-based sequestration and community resilience.

Learn more

Building Back Better Initiative

puzzle pieces graphicJune 7, 2021 - Joint Venture is convening a new initiative called Building Back Better. Using the Silicon Valley Recovery Roundtable and San Mateo County Recovery Initiative reports as a foundation, the initiative provides a backbone infrastructure for regional recovery efforts. 

Building Back Better engages in a spectrum of recovery efforts to identify opportunities to build pathways to an equitable future for all Silicon Valley residents. in July the endeavor will move backbone staffing to Joint Venture, which will support the operations of the network with a data-driven approach.

Learn more

Careers at Joint Venture

June 7, 2021 - Joint Venture is looking for people who want to make a lasting difference in our communities. We are seeking a strategic leader to serve as founding executive director for the new Build Back Better initiative. Learn more

 

Amazon Smile: Support Joint Venture while you shop

Amazon Smile logoJoint Venture is participating in the Amazon.com AmazonSmile program. Every time you shop at AmazonSmile.com, a portion of your sales (0.5%) goes to support our work. AmazonSmile is a simple and automatic way for you to support Joint Venture every time you shop, at no cost to you. When you shop at smile.amazon.com, you’ll find the exact low prices, vast selection, and convenient shopping experience as Amazon.com, with the added bonus that Amazon will donate a portion of the purchase price to support Joint Venture’s work in your community.

Support Joint Venture with Amazon Smile

Silicon Valley Indicators

indicators home page Comprehensive information and data about the Silicon Valley ecosystem is always available at www.siliconvalleyindicators.org.

Data and charts from the Silicon Valley Index (and more) are presented on an interactive website that allows users to explore Silicon Valley trends. Indicators are presented by the Institute for Regional Studies. Housed within Joint Venture Silicon Valley, the Institute provides data and analysis on issues facing dense metropolitan regions.

Investors Spotlight

Donors invest in Joint Venture with both general support and project-specific gifts. Support from the community enables us to provide innovative solutions to issues that confront our regional economies and quality of life. Here are just a few of our many investors:

Greenwaste/Zanker logo Kaiser Permanente Santa Clara Medical Center logo city of Burlingame logo

Joint Venture offers a variety of support and sponsorship opportunities for individuals, corporations, and public sector organizations. To inquire about becoming a member of our Investors Council, call (408) 298-9330 or visit our Become an Investor page. To see our current investors, visit our investors pages.

Top Videos

The 2021 Silicon Valley Index: Tale of Two Valleys

Joint Venture CEO Russell Hancock summarized the major findings from the 2021 Silicon Valley Index at the annual State of the Valley conference held online February 23-24. The report showed the region in a state of bifurcation with the tech sector mounting record numbers while the in-person economy shuttered. "We are not one but two Valleys," Hancock explained, with charts showing the nation's most pronounced income inequality and troubling racial disparities, even while Silicon Valley's driving industries filled a crucial (and highly profitable) role in the global pandemic.

Joint Venture’s 2021 State of the Valley conference was held entirely online this year over two consecutive days, February 23 and 24. You can view all the sessions on our YouTube channel.

View on YouTube

Top Downloads

Unemployment Data Release - May 21, 2021

cover May 21, 2021 – Joint Venture’s Institute for Regional Studies released analysis that shows a small, two-tenths of a percentage point decline in the regional unemployment rate between March and April 2021. This decline represents an additional 2,600 employed throughout Santa Clara and San Mateo Counties.

Read the news release Download the data release

Silicon Valley Commercial Space - Q1 2021

report cover The Institute’s latest quarterly commercial real estate report prepared in partnership with JLL Silicon Valley showed a significant decline in commercial leasing activity and a rise in office space vacancies near transit stations.

Learn more Download the report

Silicon Valley Index - 2021

cover The COVID-19 pandemic has affected every aspect of Silicon Valley’s economy and the greater community, according to the 2021 Index, released by Joint Venture’s Institute for Regional Studies. From the health impacts of the virus, to its effect on employment, IPOs, childcare, hunger, and housing, the pandemic has plowed through every sector, often with long-term implications. As a timely addition this year, the Index includes a section devoted to the impacts of COVID.

Learn more about the Silicon Valley Index online at www.siliconvalleyindicators.org.

Read the news release Download the report

Research Brief: Food Insecurity & Distribution

report cover The Institute’s latest research brief illustrates how the region’s residents have fared during the pandemic, outlining the impact of the decline in employment on regional food needs, and the rapid response of emergency food distribution efforts.

Download the report

Silicon Valley COVID-19 Impacts: Transportation, Emissions & Air Quality

report cover The Institute has released a report that examines the reduction in Silicon Valley’s regional ground and air transportation, declines in traffic delays, as well as the impact of those reductions on transportation-related injury crashes, regional air quality, and greenhouse gas emissions.

Download the report

Bridging The Gap (Second Edition) - December 2019

report cover Written primarily for municipal employees, elected local government officials, and civic leaders to help guide their understanding of new and future wireless technologies, this second edition of Bridging The Gap (first published in 2016) updates previous material on the socio-economic value of wireless technologies and the interplay of local vs. federal public policy regarding permitting and costs, and adds sixteen pages of new material on topics including; 5G cellular, CBRS, and reviews of peer-reviewed scientific and academic studies on electromagnetic field (EMF) safety.

Read the news release Download the report

In The News

June 6, 2021 - (Palo Alto Online) - Around Town: Children's Health Council prepares to search for new leader: Jeremy Weinstein [is] partnering with the Silicon Valley Community Foundation and Joint Venture Silicon Valley to bring faculty-led teams and higher education institutions together for "research-impact partnerships that investigate regional systemic inequities." More

June 4, 2021 - (Detroit Free Press) - Ford stock was cheaper than a sandwich. Now shareholders are gloating. "I love everything coming out of Ford lately. I’m finally hearing them talk like a Silicon Valley company instead of a stodgy old world company," said Russell Hancock, president and CEO of Joint Venture Silicon Valley More

June 4, 2021 - (Philadelphia Citizen) - JOBS, JOBS, JOBS: Silicon Valley was actually birthed by something called Joint Venture Silicon Valley, a type of task force that ushered in uniform permitting and licensing requirements throughout the burgeoning region. More

May 30, 2021 - (San Francisco Chronicle) - Seeing Silicon Valley’ book spotlights people lost in the shadows of the tech capital:  According to the 2021 Silicon Valley Index, the region was down 61,000 jobs compared to the same period last year, and the unemployment rate within the “in-person” economy skyrocketed above 30% during the pandemic. More

May 20, 2021 - (Patch) - Venture Capitalist Bringing Green To Downtown San Jose: Dillabough addressed a roundtable hosted by Joint Venture Silicon Valley about downtown's future... More

May 19, 2021  - (Silicon Valley Business Journal) - Latinx and philanthropic groups combine efforts to back targeted $10M fund: In San Mateo and Santa Clara counties, those who identify as Hispanic or Latino comprise 24.7% of the population, according to the Silicon Valley Institute for Regional Studies. More

May 19, 2021 - (Stanford News) - Stanford supports community projects to address pandemic challenges: In Collaboration With: Silicon Valley Community Foundation, Joint Venture Silicon Valley...Seeking to tackle the drivers of systemic inequity in Silicon Valley...More

May 19, 2021 - (San Jose Spotlight) - Venture capitalist bringing green to downtown San Jose: Gary Dillabough addressed a roundtable hosted by Joint Venture Silicon Valley about downtown’s future, including the developments he and business partner Jeff Arrillaga purchased in the last decade. More

May 18, 2021  - (Yahoo News) - Silicon Valley Business Required to Track Employees' Vaccination Status: "It's easy to imagine is because we already have the historical precedent for it," said Russell Hancock, CEO of Joint Venture Silicon Valley. "It is a requirement. Vaccination is a requirement for public schools, other public institutions." More

May 18, 2021 - (KPIX-TV) - COVID Reopening: Santa Clara County Latest To Enter Least-Restrictive Yellow Tier: “I’m imagining a world in which vaccination becomes a requirement,” said Russell Hancock, CEO of Joint Venture Silicon Valley. More

May 12, 2021 - (San Jose Spotlight) - San Jose mayor, housing advocates talk post-pandemic housing: The affordable housing roundtable included Rachel Massaro, vice president of local think tank Joint Venture Silicon Valley...More

May 8, 2021 - (New York Times) - Seeing the Real Faces of Silicon Valley: During the depths of the pandemic, four in 10 families in the area with children could not be sure that they would have enough to eat on any given day, according to an analysis by the Silicon Valley Institute for Regional Studies. More

May 3, 2021 - (San Jose Spotlight) - San Jose airport grapples with fewer passengers: “Revenues were completely savaged,” said Russell Hancock, president of nonprofit economic think tank Joint Venture Silicon Valley. “But because of enlightened fiscal management, they had emergency funds in place so they could keep the airport operating. More

April 30, 2021 - (Forbes) - The Case For California: Why Stories About The Golden State’s Demise Are Overblown - “In other places, a failed venture can become this badge of shame that shadows you your entire life,” said Russell Hancock, president of Joint Venture Silicon Valley, a Bay area non-profit organization. More

April 27, 2021 - (KRON4) - Moving to the Bay Area or leaving? Here’s where people are relocating: According to the 2021 Silicon Valley Index put together by Joint Venture Silicon Valley, 29% remained in the Bay Area, 6% moved to the nearby Monterey area, 6% to the Sacramento area, 8% to San Joaquin Valley, and 14% to Southern California. More