October 18, 2019 – Joint Venture’s Institute for Regional Studies today released its third-quarter 2019 report on Silicon Valley commercial space. New data shows that year-to-date completions have already exceeded 2018 totals. With 13 million square feet of commercial space under construction, the numbers were only slightly lower than the 19-year high of the previous quarter and indicative of a resurgence of R&D development within the region.
October 14, 2019 - Rachel Massaro, Vice President & Director of Research at Joint Venture's Institute for Regional Studies, appeared on Valley Politics with Terry Christensen. The topic is what is being described as an "exodus" from Silicon Valley. Forty-four percent of Bay Area residents say they’re thinking about leaving the area.
October 14, 2019 - Wells Fargo has awarded Joint Venture's Food Rescue Initiative a $10,000 grant to support their work in the community. The project “harvests” the abundance of prepared food from university and corporate campuses and delivers it directly to underserved members of the community via food trucks.
According to the Silicon Valley Index, 12 percent of our population is food insecure. Yet experts estimate that up to 40 percent of our region’s food goes to waste. The initiative first started operations last year and will have a fleet of three trucks distributing more than 525,000 meals by the end of 2019.
October 11, 2019 - Joint Venture has named Margaret O’Mara a Distinguished Fellow at the Institute for Regional Studies, its research arm. Considered one of Silicon Valley’s foremost expositors, O’Mara is the Howard & Frances Keller Endowed Professor at the University of Washington and a contributing opinion writer at The New York Times. An award-winning historian, she recently published a history of the Valley that is being hailed as definitive, The Code: Silicon Valley and the Remaking of America (Penguin Press, 2019.
October 11, 2019 -Wells Fargo Bank has awarded a $15,000 community grant to Joint Venture’s Silicon Valley Talent Partnership (SVTP). Funds will be used to support SVTP’s work connecting pro bono consultants to community projects. As part of its endeavors, SVTP has matched a team of talented volunteers from Oracle to the NOVAworks Foundation (NOVA). The Oracle team will develop a strategic fundraising plan for NOVA, to bolster the group’s programs aiding Bay Area job seekers.
Do you have a project idea? Would you like to be a pro bono consultant? Or would you like to support SVTP financially?
October 11, 2019 - “Local government doesn't always do a good job of communicating to the public what we do,” says John Lang, economic development manager for Morgan Hill and chair of Joint Venture’s Silicon Valley Economic Development Alliance (SVEDA). Lang is working to upend that paradigm in Morgan Hill, a city of 45,000 at the southern tip of Silicon Valley. In this relatively smaller town, Lang and staff can shepherd business owners through layers of processes with what he calls “a warm hand off” between city departments.
Mark your calendar for the 16th-annual State of the Valley conference February 14, 2020 at the McEnery Convention Center in San Jose. Last year a capacity crowd of Silicon Valley leaders filled the convention center for reports on the economy, trends and challenges, and a changing investment landscape. Watch for details soon!
Comprehensive information and data about the Silicon Valley ecosystem is 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.
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