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

Event: Joint Venture addresses broadband in rural areas

July 23, 2021 - Mo Shakouri, director of Joint Venture's community broadband initiative will moderate a panel of experts on July 27 when the Wireless Communication Alliance hosts Broadband in Underserved Rural Areas. The event will focus on broadband deployment in rural areas. Broadband is critical in developing and deploying innovative solutions, like precision agriculture, education, health, cleaner energy, self-driving vehicles, and much more. According to the FCC, 22.3 percent of Americans in rural areas and 27.7 percent of Americans in Tribal lands lack coverage from fixed terrestrial 25/3 Mbps broadband.

Learn more

Quency Phillips to lead Building Back Better initiative

Quency Phillips speakingJuly 21, 2021 - Joint Venture has announced the appointment of Quency Phillips as executive director of the new Building Back Better initiative. The effort is providing backbone support to a variety of recovery initiatives that are working to reduce the stark inequities magnified by the pandemic. Phillips most recently led community engagement for Google Development Ventures’ $15B Silicon Valley development portfolio.

“Quency comes to Joint Venture at a critical time for the region,” said Joint Venture CEO Russell Hancock. “He is passionate about opportunity and devoted to community.”

Read the news release

Palo Alto moves ahead with badly needed communications infrastructure

July 21, 2021 -Palo Alto's City Council voted June 22 to allow three additional wireless communication facilities, a move that will improve connectivity for Palo Alto residents. The decision capped a permitting process that lasted more than one year.

Joint Venture CEO Russell Hancock urged the Council’s action in a June 19 editorial in the Palo Alto Weekly. “The city’s policies need to reflect current realities and set reasonable siting standards that contribute to, not impede, our access to information,” he wrote. 

Read the editorial

Thank the Palo Alto City Council via email

Data Release: Silicon Valley unemployment rate stalls at 0.4 points

report coverJuly 16, 2021 - Even as Silicon Valley’s market cap doubled, employment growth stalled with an increase in the unemployment rate from 4.6% in May to 5.1% in June, according to analysis by Joint Venture’s Institute for Regional Studies. Similar upticks occurred across all 58 California counties, as the state unemployment rate overall rose by 0.5 percentage points month-over-month. 

While Silicon Valley’s UR also ticked up last month, it was primarily driven by Santa Clara County—with more than 1,400 job losses and an additional 4,400 unemployed.

Read the release

Building Back Better: Take the recovery survey

checkboxes with one box checkedJuly 19, 2021 - Joint Venture’s Building Back Better initiative is conducting a survey and needs help from the community. The information gathered will provide a robust resource for stakeholders and help to map recovery opportunities. The database will help to inform funders and regional leaders on how to plan and budget for what is ahead by understanding the overall recovery, the resource allocation, and the inter-relationship of organizations.

Take the survey

Study: Homes adjacent to small cell wireless facilities retain value

cover imageJuly 19, 2021 – Joint Venture Silicon Valley today has published Economic Impacts to Residential Real Estate from Small Wireless Facilities. The 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 study

Data Release: Region's stock market cap doubled since pandemic

cover imageJuly 15, 2021 — The Silicon Valley and San Francisco aggregate market cap has more than doubled, rising from $5.5 trillion to more than $12.6 trillion since spring of 2020, according to the Joint Venture's Institute for Regional Studies.

“It’s important to get a sense of the makeup of our region’s public companies and how well they’re doing on the market – they’re not only large contributors to our GDP but also some of our major employers,” said Institute Director of Research, Rachel Massaro.

Read the data release

Meet Mayor Lily Mei of Fremont

July 19, 2021 - At the tender age of 12, Lily Mei was coding software. But when a teacher accused her of not actually being the author of a particular program, he ignited in her a competitive edge that continues to burn brightly. She has no qualms about going against the grain, taking a firm stand, and inviting others to work together.

Today, Fremont Mayor Mei is the first elected woman and Asian American mayor in the city’s 65-year history. It’s an important milestone considering that more than half the residents of Fremont are of Asian ancestry and that Asian Americans are the fastest-growing racial or ethnic group of eligible voters nationwide.

Read the profile

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:

Accenture logo AECOM logo Valley Water 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 - July 16, 2021

cover The Silicon Valley and San Francisco aggregate market cap has more than doubled, rising from $5.5 trillion to more than $12.6 trillion since spring of 2020, according to this data release from Joint Venture's Institute for Regional Studies.

Read the news release Download the data release

IPO Data Release - July 15, 2021

cover The Silicon Valley and San Francisco aggregate market cap has more than doubled, rising from $5.5 trillion to more than $12.6 trillion since spring of 2020, according to this data release from Joint Venture's Institute for Regional Studies.

Read the news release Download the data release

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

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

In The News

July 22, 2021 - (San Jose Spotlight) - ‘In love with San Jose’: Gary Dillabough’s vision for revitalizing downtown: “He’s not just a guy who’s trying to build units. He’s actually thinking more broadly,” said Russell Hancock, CEO of Joint Venture Silicon Valley, an economic think tank. More

July 21, 2021 - (San Jose Spotlight) - Santa Clara County leads in job losses as unemployment rate rises: The regional unemployment rate increased from 4.6% to 5.1% between mid-May and mid-June, according to a study released this month by Joint Venture Silicon Valley, a nonprofit that analyzes the economy and quality of life...More

July 16, 2021 - (Silicon Valley) - COVID boomtown: Silicon Valley company values soar, fueled by tech - The stunning turnaround in value for publicly held companies in Silicon Valley and San Francisco — a list dominated by tech and biotech firms — was disclosed in a new report by the Silicon Valley Institute for Regional Studies, the research arm of Joint Venture Silicon Valley... More

July 16, 2021 - (Global Circulate) - Silicon Valley Company Tech-Fueled Values Soar: ...disclosed in a new report by the Silicon Valley Institute for Regional Studies, the research arm of Joint Venture Silicon Valley, a San Jose-based think tank. More

July 16, 2021 - (Fuentitech) - Silicon Valley’s corporate value soars, supported by technology – Silicon Valley: revealed in a new report by the Silicon Valley Regional Institute, a research arm of joint venture Silicon Valley. .. A think tank based in San Jose. More

June 28, 2021 - (Fortune) - Semiconductors are in short supply. 3 experts weigh in on what to do about it: Margaret O’Mara, a professor of history at the University of Washington in Seattle [and senior fellow at Joint Venture], puts it, “what the steam engine was to the 19th century, the semiconductor has been to the 20th and 21st. More 

June 27, 2021 - (San Jose Spotlight) - San Jose Legends: John Sobrato’s generosity is everywhere - Sobrato serves on a variety of boards, including Joint Venture Silicon Valley, a policy and economic think tank. More

June 25, 2021 - (Start Up Savant) - Best Cities for Startups — Silicon Valley/Bay Area: Joint Venture Silicon Valley further says that innovation is a driving force behind the region’s economy, providing a clear competitive advantage. More

June 23, 2021 - (CMS Wire) - Can Silicon Valley Remain the Top US Tech Center in a Post-COVID World? 2020 ended with 24 new Silicon Valley publicly-traded companies, according to the 2021 Silicon Valley Index report by Joint Venture Silicon Valley. More

June 22, 2021 - (Forbes) - Biden-Harris Should Be All-In On Mobile Broadband To Reach Equity And Connectivity Goals: A paper I co-authored with wireless expert David Witkowski compares economic projections of wireless technologies versus the price and performance of spectrum allocation. More

June 21, 2021 - (Patch) - Town Of Los Gatos: Virtual Training Workshop For Businesses: Planning For The Unexpected - June 30 At 2 P.M. - Together with the Joint Venture Silicon Valley and the Silicon Valley Economic Development Alliance, the Town invites all businesses to join the "Outsmart Disaster" webinar...More

June 20, 2021 - (Mountain View Voice) - From farms to families: ...food insecurity was about 17% in San Mateo and Santa Clara counties pre-pandemic, according to the Silicon Valley Institute for Regional Studies More

June 20, 2021 - (Medium) - Can Singapore be Asia’s tech capital? The 2021 Silicon Valley Index, released by the nonprofit Joint Venture Silicon Valley’s Institute for Regional Studies, highlighted how the wealth became more concentrated among those already affluent. More

June 19, 2021 - (Palo Alto Weekly) - Opinion: Robust connectivity is critical to Palo Alto's future - Joint Venture CEO, Russell Hancock advocates for Palo Alto to deploy the best technology, allow science to play its central role, all while honoring the importance of aesthetics. More

June 19, 2021 - (Silicon Valley Business Journal) - Unemployment rate in Silicon Valley keeps falling, as most sectors gained jobs: “Nine out of eleven major industry sectors added jobs in May, with notable gains in leisure and hospitality,” Rachel Massaro, the Institute’s director of research, said in a release. More

June 14, 2021 - (KALW) - East Palo Alto Edition: June 14, 2021:  ...the average rate of food insecurity was about 17% in San Mateo and Santa Clara counties pre-pandemic, according to the Silicon Valley Institute for Regional Studies... More

June 13, 2021 - (Palo Alto Online) - Federal program that helps farmers during the pandemic is changing the local food landscape: ...the average rate of food insecurity was about 17% in San Mateo and Santa Clara counties prepandemic, according to the Silicon Valley Institute for Regional Studies, which authored a report on regional food insecurity. More

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