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

Institute: Silicon Valley unemployment lowest in 30+ years

cover imageJune 17, 2022 – The unemployment rate in the Silicon Valley region decreased to 1.8% in May, lower than any other month over the past three decades. Silicon Valley employers increased their workforce by just over 1,100 employees between mid-April and mid-May, while the labor force declined by approximately 2,700 individuals in the same time frame. “The labor force in the region has declined for two months in a row, while the total number of unemployed has declined for the last four months, helping to drive down the unemployment rate,” said Ryan Young, Research Manager for BW Research and an affiliated researcher at the Institute.

Read the release

Joint Venture Board adds Kelly Kline

June 10, 2022 – The Joint Venture Silicon Valley board of directors today unanimously elected to its ranks Kelly Kline, Associate Vice President of Local Government Affairs at Stanford University.Kline has worked in Silicon Valley government for 30 years, focusing much of her career on public/private partnerships, urban revitalization, and strengthening key business growth sectors including life sciences, and clean technology. “We are pleased to welcome Kelly Kline, an accomplished leader, to the Joint Venture board,” said Russell Hancock, President & CEO of Joint Venture.

Read the release

Joint Venture-sponsored legislation passes Senate

June 28, 2022 - Senate Bill 917, co-sponsored by Joint Venture, is making headway. The Bill sets meaningful deadlines for fare and wayfinding integration, and establishes service integration policies for the Bay Area’s 27 transit operators over the next three years. On June 27, the bill passed unanimously through the Assembly and on May 23 it cleared the Senate 29-2. The BART and VTA boards fully backed the bill after amendments were made to address operator concerns. SB 917 now moves to the Appropriations Committee for approval.

Institute: Commercial Lease transactions up

cover imageMay 11, 2022 – Silicon Valley’s largest tech companies may have overcome pandemic-related setbacks in their return-to-office planning, according to Joint Venture’s Institute for Regional Studies, in partnership with JLL Silicon Valley in their Q1 Silicon Valley Commercial Space report. Notably, Apple, Google, and Meta have implemented return-to-office programs, signaling a near-normal level of in-office operations. “We’ve seen a dramatic rebound of local Flex/R&D space in the first quarter, with considerable declines in both vacancy and total availability,” said JLL’s Northern California Director of Research, Alexander Quinn. 

Read the release

Meet Michele Young

June 26, 2022 - When Michele Young served as a volunteer in the Peace Corps in Africa, she discovered a key inspiration for her life’s work. There, farmers faced ongoing drought, making do with a mere eleven inches of rainfall each year. Young’s CV tells the story of a person who has committed her entire career to the betterment of the environment and the sustainability of essential resources. She is Senior Management Analyst for Recycling and Waste Reduction for the County of Santa Clara and works with Joint Venture and its Food Recovery Initiative to implement SB 1383, the first law in the nation mandating certain businesses to donate the maximum possible amounts of their surplus food to those who don’t have enough.

Read Michele's profile

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:

Juniper logo Kaiser Permanente Santa Clara Medical Center logo city of Fremont 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.

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

Top Videos

The 2022 Silicon Valley Index

Joint Venture CEO Russell Hancock summarized the major findings from the 2022 Silicon Valley Index at the annual State of the Valley conference held at Stanford University February 18. The report, produced by Joint Venture's Institute for Regional Studies, shows that an incongruous set of contradictions are still a common theme in Silicon Valley. Employment rebounded to pre-pandemic numbers and tech jobs went up 4%. VC hit new records, start-ups were brisk, and there were more IPOs than in any other year this century. Yet, health and wealth disparities were stratified by race and ethnicity. “Silicon Valley is showcasing our fabled dynamism but also exposing a whopping set of fallibilities,” said Hancock.

Joint Venture’s 2022 State of the Valley conference was held on February 18 as a hybrid event. You can view all the available sessions on our YouTube channel.

The 2021 Silicon Valley Poll | October 12

The Silicon Valley Poll is an extensive public opinion survey placed in the field annually by Joint Venture and its research arm, the Silicon Valley Institute for Regional Studies. Carried out in partnership with The Mercury News and Bay Area News Group, the Poll tracks recurring questions probing how residents feel about the general direction of the region and their stance on a range of policy and planning questions. Each year the poll also poses timely and topical questions about current events.

The inaugural installment of the Silicon Valley Poll was released on October 12, 2021, and will subsequently be released on an annual basis.

Top Downloads

2022 Silicon Valley Index

Download PDF An incongruous set of contradictions are still a common theme in Silicon Valley, according to the 2022 Silicon Valley Index, released by Joint Venture’s Institute for Regional Studies. Employment rebounded to pre-pandemic numbers and tech jobs went up 4%. VC hit new records, start-ups were brisk, and there were more IPOs than in any other year this century. Yet, health and wealth disparities were stratified by race and ethnicity.

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

Read the news release Download the report

2021 Silicon Valley Poll

Download a PDF of this report According to the Silicon Valley Poll, Bay Area residents (65%) feel a strong sense of belonging to their region. Yet the majority believe the quality of life has grown worse. More than half (56%) plan to move out of the Bay Area in the next few years. The poll was placed in the field by the Institute for Regional Studies in partnership with the Bay Area News Group.

Download the report Read the poll

Silicon Valley Commercial Space - Q1 2022

Download a PDF of this report The Institute’s latest quarterly commercial real estate report prepared in partnership with JLL Silicon Valley showed Silicon Valley’s largest tech companies may have overcome pandemic-related setbacks in their return-to-office planning.

Learn more Download the report

Unemployment Data Release - June 17, 2022

cover The unemployment rate in the Silicon Valley region decreased to 1.8% in May, lower than any other month over the past three decades.

Read the news release Download the data release

Silicon Valley Multifamily Housing - September 16, 2021

cover The Silicon Valley Multifamily Housing report provides a snapshot of the trends in the region’s housing market for residential structures with more than one dwelling unit in the same building.

Read the news release Download the report

In The News

June 24, 2022 - (Streets Blog) - BART Endorses Fare Integration, Ferry for Western Alameda: Seamless Bay Area...scored a major victory Thursday when the BART Board unanimously voted to endorse Senate Bill 917 More

June 20, 2022 - (San Jose Spotlight) - Inequity in Silicon Valley persists for people of color: “The data speaks for itself, and it says that we have profound disparities that are getting worse, not better,” Russell Hancock, CEO of Joint Venture Silicon Valley...More

June 17, 2022 - (Mercury News) - Bay Area, California both gain jobs in May, but slowdown intensifies: Companies are anxious to hire workers, but prospective employees aren’t necessarily rushing to apply for jobs, said Russell Hancock, president of Joint Venture Silicon Valley...More

June 17, 2022 - (Mountain View Voice) - I would like to support a new business tax: ...you were sent an analysis by Joint Venture Silicon Valley's research group comparing your proposed tax with those in neighboring cities. More

June 15, 2022 - (MarketWatch) - From Great Resignation to Forced Resignation: Tech companies are shifting to layoffs after a huge ramp up in hiring - The market cap aggregate of about 300 publicly traded tech companies is at its lowest now...says Rachel Massaro, vice president of research at the Silicon Valley Institute for Regional Studies. More

June 15, 2022 - (Slash Gear) - Inside The End Of Silicon Valley's Dynasty: Joint Venture Silicon Valley and the Institute for Regional Studies (opens as a PDF) say Silicon Valley spans four counties, Santa Clara, San Mateo, Alameda, and Santa Cruz. More

June 12, 2022 - (KQED) - 'My Roots Are at the Flea Market': As La Pulga Closure Looms Over Vendors, One San José Family Weighs the Future: In 2021, only 32% of potential first-time home buyers could afford a median-priced home in Santa Clara County, according to an annual report from Joint Venture Silicon Valley...More

June 10, 2022 - (Pleasanton Weekly) - Embarcadero Media president announces retirement: He joined the newly formed Smart Valley, a nonprofit organization that was part of Joint Venture: Silicon Valley...More

June 7, 2022 - (San Jose Spotlight) - Milpitas official wants to cut City Council salaries, benefits: The top quarter of Silicon Valley earners account for 92% of the region’s wealth, according to a report by Joint Venture Silicon Valley. More

June 6, 2022 - (Tech Central) - A grim new reality sets in for US tech companies: “Everybody discovered that tech was not only nice, it was indispensable,” said Russell Hancock, CEO of Joint Venture Silicon Valley...More

June 4, 2022 - (Bloomberg) - ‘No Longer Sure Bets’: Tech Giants Are Dropping Bad News Daily. From Seattle to Silicon Valley to Austin, a grim new reality is setting in across the tech landscape... More

June 1, 2022 - (Tip Sale Tips) - Google and Twitter launch experiment on Silicon Valley work: “We’re in the midst of a change and it could be a sea change,” said Russell Hancock, CEO of the Silicon Valley Joint Venture think tank. More

May 20, 2022 - (KRON4) - Silicon Valley lease transactions are up as workers return to the office: According to the latest analysis from Joint Venture Silicon Valley’s Institute for Regional Studies, leasing volume in the region continued a steady trend in the first Q1 of 2022. More

May 20, 2022 - (San Jose Spotlight) -San Jose national quality of life ranking gives critics pause: Russell Hancock, CEO and president of Joint Venture Silicon Valley, said he thinks San Jose would rank high on most metrics...More

May 20, 2022 - (Mercury News) - Bay Area, California job gains slow as post-COVID rebound wilts: “The new hybrid models will reduce demand for space and associated services,” said Russell Hancock, president of Joint Venture Silicon Valley. More

May 19, 2022 - (StreetsBlog) - Update on Efforts to Integrate Transit: The bill, which is co-sponsored by Seamless Bay Area, Bay Area Council, TransForm, Silicon Valley Leadership Council, and Joint Venture Silicon Valley...More

May 16, 2022 - (Mercury News) - Post-COVID jobs recovery in Bay Area, California lags other states: “The Bay Area was far more cautious and conservative than other parts of the country,” said Russell Hancock, president of Joint Venture Silicon Valley...More

May 13, 2022 (Palo Alto Online) - Opinion: A Palo Alto business tax and the space-time continuum - According to Joint Venture Silicon Valley, the corporate wealth of Silicon Valley and San Francisco is $14 trillion. More

May 3, 2022 - (Mercury News) - Exodus: Bay Area, California population dropped in 2021 as people exited - “Huge percentages of those leaving aren’t departing the Bay Area,” said Russell Hancock, president of Joint Venture Silicon Valley...  More