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: Unemployment rises to 3.2%

cover imageMarch 11, 2022 – The employment rate in Silicon Valley increased to 3.2% in January 2022 due in part to a drop in seasonal employment and the significant spike in COVID cases. Employers shed nearly 13,400 workers between mid-December and mid-January. The decline represents more than half of the job gains experienced between mid-October and mid-December of last year. The total number of unemployed workers increased to 47,500 by mid-January, representing a decrease of nearly 5,000 since mid-December. Total employment in the region is still up nearly 171,000 since April 2020; job growth of 13.5% over that nine-month period.

Read the release

Joint Venture to FAA: Chill

February 24, 2022 - In an opinion piece published in the Mercury News, Joint Venture's David Witkowski takes the FAA to task on its approach to the approval of C-band 5G deployments near U.S. airports. Witkowski, executive director of the civic technologies intitiative, says the FAA "overstepped its authority" and "ignored data that shows C-band 5G is not a risk to aviation." Witkowski argues that 60% of households in the US rely on wireless and current 3G and 4G networks cannot support the demand without C-band 5G.

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2022 Index: Hot economy but disparities persist

cover imageFebruary 15, 2022 - 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. “Silicon Valley is showcasing our fabled dynamism but also exposing a whopping set of fallibilities,” said Russell Hancock, CEO of Joint Venture. The Index is published in conjunction with the annual “State of the Valley” conference, a gathering of citizens in a discussion of Silicon Valley’s economic opportunities, challenges, and future.

Download the Index 

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:

Silicon Valley Community Foundation logo Countsy logo City/County Association of Governments (C/CAG) 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 online 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

cover 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

report cover 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

Unemployment Data Release - January 21, 2022

cover The employment rate in the Silicon Valley region is now on par with mid-March 2020, just prior to shelter-in-place orders for the Bay Area. Silicon Valley employers added more than 10,300 workers between mid-November and mid-December and the unemployment rate dropped to 2.9%, according to analysis by Joint Venture’s Institute for Regional Studies.

Read the news release Download the data release

Silicon Valley Commercial Space - Q3 2021

report cover The Institute’s latest quarterly commercial real estate report prepared in partnership with JLL Silicon Valley showed leasing activity in the Silicon Valley market has become less volatile in the third quarter and investment activity is brisk.

Learn more Download the report

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

Economic Impacts to Residential Real Estate from Small Wireless Facilities - July 2021

report cover This study focused on whether objective evidence in real estate sales records show residential real estate valuation impacts from small wireless facilities or “small cells,” concluded that small cell facilities do not have an appreciable effect on nearby property valuations. It was authored by David Witkowski, executive director of Joint Venture’s civic technology initiative and Ralph B. McLaughlin, chief economist and senior vice president of analytics at Haus.com.

Read the news release Download the report

In The News

March 19, 2022 - (Mercury News) - Sal Pizarro: The Kids Table, the third annual event hosted by Supervisor Susan Ellenberg celebrates champions for children; panel includes Quency Phillips, executive director of Joint Venture Silicon Valley’s Building Back Better... More

March 18, 2022 - (MSN) - Silicon Valley records slight rise in unemployment rate: "The recent easing of restrictions in Silicon Valley will likely mean the gradual increase in employment for restaurants, retail establishments, and other indoor places..." said Ryan Young, affiliated researcher at the Institute. More

March 18, 2022 - (News Break) - Silicon Valley records slight rise in unemployment rate to start 2022: According to Joint Venture’s Institute for Regional Studies — the decline represents more than half of the job gains...More

March 18, 2022 - (Palo Alto Online) - COVID brings uneven changes to Silicon Valley workplaces: Joint Venture Silicon Valley released its annual "Silicon Valley Index," which tracks trends in employment, population and education. More

March 17, 2022- (KRON-4) - Silicon Valley records slight rise in unemployment rate to start 2022: According to an analysis by Joint Venture Silicon Valley, the decline represents more than half of the job gains experienced between mid-October and mid-December of last year. More

March 17, 2022 - (Gilroy Dispatch) - South County unemployment rate grows slightly: Employers in Silicon Valley cut nearly 13,400 workers between mid-December and mid-January, according to Joint Venture Silicon Valley. More

March 14, 2022 - (San Jose Inside) - Silicon Valley Unemployment Rate Increase in January Tied to Covid Cases: According to Joint Venture Silicon Valley, this represents job growth of 13.5% over that nine-month period. More

March 13, 2022 - (NBC) - Silicon Valley Unemployment Rate on the Rise: Employers in Silicon Valley cut nearly 13,400 workers between mid-December and mid-January, according to Joint Venture Silicon Valley. More

March 7, 2022 - (Mercury News) - Google and Twitter reopenings launch grand experiment on the future of Silicon Valley work: “We’re in the midst of a change and it could be a sea change,” said Russell Hancock, CEO of think tank Joint Venture Silicon Valley. More

March 3, 2022 - (San Jose Spotlight)According to a recent report from Joint Venture Silicon Valley, more than 45% of children in the county—244,000 kids—live in households that don’t earn enough money to cover basic needs. More

March 3, 2022 - (USA Today) - 'It could happen tomorrow': Experts know disaster upon disaster looms for West Coast - The HayWired Scenario [a cooperative project with Joint Venture] is a detailed look at the cascading calamities that will occur when a major earthquake strikes the Bay Area's Hayward Fault. More

March 2, 2022 - (Morgan Hill Times) - Guest view: Study finds homeownership builds equity - A recent study on Homeownership in Silicon Valley conducted by the Joint Venture Silicon Valley Institute for regional studies...More

February 24, 2022 - (Mercury News) - Opinion: FAA overstepped authority on C-band 5G use near U.S. airports: Witkowski is executive director of the Wireless Communications Initiative at Joint Venture Silicon Valley. More

February 22, 2022 - (Stanford Report) - State of the Valley Conference, the ‘town hall of Silicon Valley,’ held at Stanford: Joint Venture Silicon Valley and Stanford co-presented 2022 State of the Valley conference More

February 21, 2022 - (San Jose Spotlight) - Nearly half of Silicon Valley children need supportive services to survive: Russell Hancock, CEO of Joint Venture said these families wouldn’t survive without assistance. More

February 18, 2022- (Silicon Valley Business Journal) - Podcast: Joint Venture Silicon Valley came out this week with its annual report on the state of the Valley. Wow! More

February 18, 2022- (Daily Advent) - Nearly half of Silicon Valley children need supportive services to survive: Joint Venture Silicon Valley recently released its 2022 Silicon Valley Index, shedding light on the...More

February 18, 2022 - (San Jose Spotlight) - Silicon Valley’s equity grade is below flunking: Officials from Joint Venture Silicon Valley highlighted bleak findings on Friday, when it released its report at the annual State of the Valley conference. More

February 18, 2022 - (Time News) - Silicon Valley’s population decline is the highest since the dot-com crash: ...the population of the area...has declined for the first time in more than a decade, said Joint Venture Silicon Valley CEO Russell Hancock. More

February 18, 2022 - (News Break) - Silicon Valley’s equity grade is below flunking: The 2022 Silicon Valley Index found that while jobs are back to pre-pandemic levels in the region, income inequality widened, inflation skyrocketed and housing prices soared. More

February 18, 2022 - (Honest Columnist) - Silicon Valley’s population shrank in 2021 unlike any time since the dot-com bust, but it wasn’t just because people left: The net effect was that “Silicon Valley’s population has declined for the first time in more than a dozen years,” said Russell Hancock, CEO of Joint Venture Silicon Valley...More

February 18, 2022 - (Local News Matters) - Silicon Valley wealth gap widens amid tech gains while other sectors stagnate: Shocking wealth disparity is one of the most significant trends described by Russell Hancock, CEO of Joint Venture... More