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: 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

Norman Y. Mineta, 1931 - 2022

May 13, 2022 - Joint Venture mourns the passing of Norman Yoshio Mineta, former San José mayor and U.S. Secretary of Transportation. The first Asian American to lead a major city in the United States and an advocate for public transit, his legacy and committed leadership will forever be an inspiration to the people of this community. “Mr. Mineta was a guiding light, a friend, and a champion of Joint Venture,” said CEO Russell Hancock. “We extend our condolences to his family.”

Learn more

Image attribution: Miller Center, CC BY 2.0, via Wikimedia Commons

Joint Venture-sponsored legislation passes key committee

May 16, 2022 - Senate Bill 917, a bill requiring the Bay Area’s transit agencies to work together, was passed unanimously by the Senate Transportation Committee April 26. Sponsored by Joint Venture’s strategic partner Seamless Bay Area, the bill will require transit providers to adopt a Coordinated Network Plan and is expected to reach the Appropriations Committee May 19.

Joint Venture shows the way to fast, affordable internet

May 13, 2022 - US Ignite, a nonprofit organization that helps communities accelerate smart city initiatives, has tapped into the expertise of Joint Venture’s Mo Shakouri, Director of Community Broadband for smart city efforts nationwide. In a recently-published article, “CBRS networks, what you need to know,” Shakouri shines a light on the merits of Citizens Broadband Radio Service (CBRS) technology. Shakouri cites Citizens Broadband Radio Service (CBRS) technology as a way to expand internet access and reach unserved areas.

Read the article

Joint Venture convenes regional leaders to explore Guaranteed Basic Income proposals

May 13, 2022 - Joint Venture’s Building Back Better initiative, now known as “Lighthouse,” convened over 70 leaders for a systematic exploration of Guaranteed Basic Income proposals (GBI) and how they could be implemented in Silicon Valley. GBI, which would provide recurring payments to a targeted group of individuals and families to help meet basic needs, has gained momentum after the pandemic exposed just how many Valley residents are not self-sufficient. The Bridge to Recovery network within Lighthouse envisions piloting GBI as a strategic initiative. 

Learn more | Watch the video

Meet Michael Fox, Jr., President & CEO, Goodwill Silicon Valley

May 13, 2022 - “You cannot care who gets the credit,” says Michael Fox, Jr. as he describes his role as CEO of Goodwill Silicon Valley, a $60 million-a-year nonprofit dedicated to workforce creation, vocational training, and environmental stewardship. “It’s about achieving the vision and not caring who gets the credit.” Fox has had a front-row seat to the evolution of Silicon Valley and was raised by a family that is noted for its commitment to community service. 

Read the 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:

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

Managers Mobility Partnership

What are we doing?

The Managers Mobility Partnership is a partnership between the managers of four Silicon Valley cities (Palo Alto, Mountain View, Redwood City and Menlo Park) and Stanford University. The five parties agreed in May 2016 to work jointly to address transportation challenges facing their communities (read their signed compact). Joint Venture convenes the five entities and provides staffing and administrative support.

Thus far the group is working on bicycle infrastructure across their communities, by (1) exploring bike sharing programs, and the possibility of providing those services as a unified collation of cities; (2) filling the gaps in their north-south bike corridors, and improving the connections between their communities, so that there will be an interconnected regional network.

The group is also engaging Stanford students in the public policy and engineering programs, who are providing research and policy analysis.

Why are we doing it?

Because of population growth and the prodigious expansion of the Silicon Valley economy, the mobility challenges facing these communities are significant, even during the pandemic. Nor are they confined to a single community, because people’s travel and commute patterns typically cross multiple jurisdictions. For this reason, the senior managers and planners of these communities have agreed they cannot tackle their transportation issues in isolation. Instead, the communities are working in a framework of collaboration and cooperation.

Who's involved?

The Managers Mobility Partnership is carried out by the city managers in the four cities, and the senior associate vice president of Stanford University:

  • Ed Shikada, City of Palo Alto
  • Melissa Stevenson Diaz, City of Redwood City
  • Kimbra McCarthy, City of Mountain View
  • Starla Jerome-Robinson, City of Menlo Park
  • Lesley Lowe, Stanford University

The group also encompasses the senior transportation and planning officials of each locality.

What are the latest developments?

  • The group explored a common approach toward joining the Ford GoBike program, but it was not viable without significant subsidies. The Partnership members are continuing to explore a variety of bike-share ideas and issues, including developing a standard regulatory framework.
  • In 2018 the group introduced an “interim” bikeway which connects the four cities by using existing bike lanes and connecting them and closing gaps. The interim route has been equipped with identifying signage and wayfinding.
  • In 2020 and 2021 the group has advocated enhanced service on Caltrain after the pandemic subsides, including greater frequencies, and capacity upgrades.

What are the next steps?

  • The group envisions a permanent, high-quality north-south Peninsula bikeway that is suitable for riders of every age and ability. They also intend the route to be suitable for the growing use of e-bikes.
  • In 2021 the group selected three corridors for a detailed feasibility assessment, carried out by Alta Planning & Design. One of those corridors (El Camino Real) was recommended as the most workable, cohesive and connected.
  • On January 14, 2022 Joint Venture and the Manager’s Mobility Partnership are hosting a learning session (via zoom) for city officials, their planners, and interested members of the public. The participants will be briefed on the route alternatives and they will discuss whether and how to embark on the next steps.

Where do I find out more?

To learn more about the Managers Mobility Partnership initiative or request a briefing, please contact:

Melinda Chacón
Joint Venture Silicon Valley

(408) 298-9330

In The News

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

May 2, 2022 - (Washington Post) - America Needs Elon Musk — to Sell Electric Cars: Analysts at Coltura, a nonprofit that is working to accelerate the transition from gasoline, calculate that the top 10% of drivers consume 32% of the gasoline...More 

May 1, 2022 - (KRON-4)) - Election 2022: District 4 Santa Clara County supervisor runs unopposed: Ellenberg sits on the boards of Joint Venture Silicon Valley and Silicon Valley Clean Energy. More

April 29, 2022 - (KPIX-5) - Airbnb Embracing Remote Workforce; Employees Allowed To Work And Live Anywhere: Think tank Joint Venture Silicon Valley says workplace flexibility is going to be the new norm. More

April 26, 2022 - (Inside Philanthropy) - A Tale of Two Valleys: Five Ways Philanthropy Can Change to Make Silicon Valley More Equitable - "...the rich kept getting richer while the poor became poorer," said Russell Hancock, CEO of Joint Venture Silicon Valley. More

April 18, 2022 - (San Jose Spotlight) - Silicon Valley unemployment drops as hospitality sees slow recovery: Russell Hancock, CEO of Joint Venture, told San José Spotlight spring weather and relaxing of some COVID-19 restrictions is creating more demand for services in leisure and hospitality. More

April 18, 2022 - (Migrationology) - Silicon Valley sees steady job growth: The unemployment in Silicon Valley dropped to 2.4% in March according to a report from Joint Venture Silicon Valley’s Institute for Regional Studies. More

April 18, 2022 - (Mercury News) - Silicon Valley’s COVID windfall raises alarms about region’s economy: “The big story of Silicon Valley’s pandemic years was money, money and more money,” said Margaret O’Mara, a University of Washington professor [and distinguished fellow at Joint Venture] More

April 18, 2022 - (KRON4) - Silicon Valley continues to add jobs: report - According to an analysis by Joint Venture’s Institute for Regional Studies, the employment rate in the region decreased to 2.4%, falling less than half of what it was a year ago. More

April 15, 2022 - (Mercury News) - Bay Area, California job gains slow down dramatically in March: Russell Hancock, president of Joint Venture Silicon Valley, a San Jose-based think tank, said he doesn’t worry about the monthly fluctuations. More

April 15, 2022 - (San Francisco Chronicle) - Here’s where median incomes increased the most in the Bay Area during the last decade: “The top quarter of earners in Silicon Valley command 92% of the wealth,” said Russell Hancock, CEO of the nonprofit Joint Venture Silicon Valley...More

April 14, 2022 - (San Jose Spotlight) - A vision of seamless Bay Area transit gets another chance: Russell Hancock, president and CEO of Joint Venture, described how easy it was to travel by bus and train in Singapore and the Netherlands compared to San Francisco. More

April 13, 2022 - (ABC) - Effort underway to unify Bay Area's 27 transit operators as commuters return to work: To get the fragmented network of 27 Bay Area transit operators to work together to coordinate fares, schedules and service to improve passenger experience. More

April 8, 2022 - (StreetsBlog) - Seamless Bay Area, the folks who are trying to get the Bay Area’s 29 transit operators to play nice together with a unified fare structure, coordinated schedules, and free transfers, is recruiting people...for the upcoming Bay to Breaker’s run. More

April 3, 2022 - (The Silicon Insider) - Podcast: a Joint Venture Silicon Valley report detailing a market cap of $14 trillion for public Silicon Valley tech companies More

April 2, 2022 - (San Jose Spotlight) - Silicon Valley residents left in droves during pandemic: “One way to look at it is, ‘Oh my gosh, the sky is falling, people are leaving,’ but that’s not happening at all,” Russell Hancock, president and CEO of Joint Venture Silicon Valley More

March 28, 2022 - (San Jose Spotlight) - Silicon Valley unemployment declines but disparities increase: It’s good news that people are hiring and creating more jobs, according to Russell Hancock, Joint Venture president and CEO. More

March 25, 2022- (City of Santa Clara) - Special Earth Day Outdoor Storytime with Supervisor Susan Ellenberg: (Ellenberg) sits on the boards of Joint Venture Silicon Valley...More

March 25, 2022 - (Mercury News) - Bay Area, California rocket to big job gains in February, post-COVID rebound widens: “Spring has sprung,” said Russell Hancock, president of Joint Venture Silicon Valley. “Our economy’s strong underpinnings never went away, despite the pandemic.” More

March 23, 2022 - (Mercury News) - Opinion: How we can close the inequality gap in Silicon Valley - Joint Venture board co-chair Nicole Taylor reflects on where our giving needs to go. More

March 22, 2022 - (Mercury News) - ‘Class traitors’: Why rich Bay Area millennials are getting rid of their wealth - In Silicon Valley, the richest 25% of households control 92% of the region’s wealth, according to the Joint Venture Silicon Valley Index. More

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