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Joint Venture Silicon Valley provides ANALYSIS, ACTION, LEADERSHIP

Joint Venture Silicon Valley provides

ANALYSIS

ACTION

LEADERSHIP

What's Happening Now

2019 State of the Valley

SOV logoA capacity audience of 1,300 people filled the McEnery Convention Center in San Jose for the 15th annual State of the Valley conference. The day was spent in dialogue and discussion about Silicon Valley's trends and challenges, illuminated by the findings in the 2019 Silicon Valley Index. Los Angeles Mayor Eric Garcetti admonished the Silicon Valley leaders to "go big or go home" in tackling the twin problems of housing and transportation; Pulitzer Prize-winning historian Jon Meacham told the crowd that America's democracy depends on the prosperity Silicon Valley is uniquely capable of creating.

Read coverage of the event.

Download the Silicon Valley Index.

2019 Index: Investment pouring in to megadeals, yet fewer early-stage deals for startups; commercial space booming

2019 Index coverFeb. 13, 2019 – Silicon Valley’s economy has reached new levels of employment, income, innovation, and investments as major companies are fundamentally altering the character and evolution of innovation in the region, reports the 2019 Silicon Valley Index released today by Joint Venture Silicon Valley’s Institute for Regional Studies.

Larger companies are behind much of the explosive growth that is lifting the region but straining our capacity to accommodate it all amid rising income disparity, housing costs, and transportation burdens.

Read the news release | Download the Index

Investors Council Spotlight

Joint Venture's Investors Council welcomes dozens of public and private organizations and foundations supporting our initiatives and programs. Here are just a few of our many investors:

Modus logo Smartwave Technologies logo Peninsula Clean Energy 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.

Silicon Valley Indicators

indicators home page Did you know you can get comprehensive information and data about the economic and community health of Silicon Valley any time by visiting the online home of the Silicon Valley Index at www.siliconvalleyindicators.org?

The site is maintained and constantly updated by Joint Venture's Silicon Valley Institute for Regional Studies and is a robust collection of charts and information with links to local, regional and national data sources, and resources for additional information within each of the indicator categories: People, Economy, Society, Place and Governance.

Download the 2019 Silicon Valley Index.

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.

crowd w/ report cover New data from Silicon Valley Institute for Regional Studies

San Jose baby represents three millionth resident

May 5, 2015 – Silicon Valley’s population has reached three million for the first time, Joint Venture’s Silicon Valley Institute for Regional Studies announced today.

Researchers at the Institute, using population data from the state and daily growth calculators for the region, predicted that Silicon Valley would top the three million mark by early May.

“This milestone goes hand-in-hand with our hot economy,” said Russell Hancock, president and CEO of Joint Venture, which houses the Institute. “Still, it’s a startling figure that puts our explosive growth in perspective.”

Rachel Massaro, Joint Venture vice president and senior research associate for the Institute, said Silicon Valley has been growing at the rate of one person every 16 minutes, or nearly 90 people a day.

“This is one of the fastest growing regions in the state, and it’s driven largely by the lure of our innovation engine, by foreign immigration and local births,” Massaro said. “This contributes to Silicon Valley’s worsening transportation and housing crunch.”

In conjunction with the release of the study, Joint Venture designated a baby boy born today at Kaiser Permanente in Santa Clara to represent the 3 millionth resident of Silicon Valley. The baby, Max, was born to Bing Yuan and Dan Danner of San Jose at 9:39 a.m., PDT. He weighed eight pounds, eleven ounces and measured just over 21 inches in length.

mom and dad with baby

The Institute identifies Silicon Valley as Santa Clara and San Mateo Counties, plus the the cities of Fremont, Union City and Newark in Alameda County and Scotts Valley in Santa Cruz County.

The data is part of a 32-page brief released today by the Institute, “Population Growth in Silicon Valley.” The report examines Silicon Valley’s population dynamics, including overall population growth, growth by city and county, birth and death rates, and the changing population composition in terms of age and gender. It also examines recent California Department of Finance (DOF) population and K-12 enrollment projections through 2023.

Additionally, the report examines population trends as they relate to the recent economic recession. Silicon Valley’s population dynamics are closely tied to the economy overall, including employment, income, cost of living and other factors; in particular, in and out migration, as well as birth and death rates, vary with changes in economic growth and development, which affect both behavioral and environmental change and influence population dynamics.

A large portion of Silicon Valley residents live within just six of its 39 cities – San Jose, Fremont, Sunnyvale, Santa Clara, Daly City and San Mateo – the study reports. Several cities are growing more than three times faster than the state as a whole.

Silicon Valley’s growth rate accelerated between 2011 and 2013, when it peaked at its highest since 1998, before slowing slightly since then. This growth is occurring despite declining birth rates since 2008, and is driven by foreign immigration as well as natural growth.

The 2015 Silicon Valley Index produced by the Institute reported the region has increased by some 30,000 people annually since 2011 and that it added 42,000 people in 2013.

Three million was the entire population of California a century ago and is double the number of people who were living in Silicon Valley in the mid-1960s.

It is roughly equivalent to one percent of the current U.S. population, twice the population of Manhattan and three times that of Delaware.

If it were a city, Silicon Valley would be the nation’s third largest behind New York (8.4 million) and Los Angeles (3.9 million). As a state it would rank 31st, between Mississippi and Iowa. As a country, think Armenia.

Three million people live in one million households and they use more than 400 million gallons of water and produce 13.2 million pounds of trash daily. A third of them will commute to work in their own cars.

The population study may be downloaded from the Institute website.

About Joint Venture Silicon Valley

Joint Venture Silicon Valley was established in 1993. A nonprofit organization, the group convenes the region’s leaders across every major sector – government, business, academia, labor, and community organizations. The organization provides data and analysis on our region’s challenges, and leads initiatives to address those challenges. Joint Venture is funded by cities and counties, local companies, colleges and universities, labor and workforce institutions and foundations. For more information, visit www.jointventure.org.

In The News

February 22, 2019 - (Palo Alto Online) - Off Deadline: 'Unicorns,' 'angel investors' report should be expected/required reading: The annual "Silicon Valley Index" was unveiled Feb. 15 at an annual "State of the Valley" conference in San Jose — attended by more than 1,300 corporate leaders, government officials, media and citizen observers. The conference is sponsored by the industry-based Joint Venture Silicon Valley, which has published the Index early each year since 1995. More

February 21, 2019 - (Think Fremont) - 2019 state of the valley conference: a cross-sector collaboration to tackle our region’s challenges & opportunities: The annual State of the Valley Conference is typically anything but boring, and this year was no exception. The event featured a keynote by renowned presidential historian and biographer Jon Meacham and showcased a cadre of prolific speakers ranging from prominent politicians to urban-planning thought leaders to artificial intelligence experts. More

February 21, 2019 - (San Francisco Examiner) -Even while San Francisco’s economy is booming, people are restless to leave: Not everyone is choosing to stay in The City and Silicon Valley. San Francisco had a net domestic out-migration of residents as did most Silicon Valley counties, between July 2017 to July 2018, according to the Joint Venture 2019 report. More

February 21, 2019 - (Pakistan Defence) - China is the world's next Silicon Valley:It is also based on a growing feeling among tech entrepreneurs in the US that Silicon Valley may have heated up a little too much. Certainly, Russell Hancock, head of think tank Joint Venture Silicon Valley, recently told The Telegraph that “winter is coming”. More

February 20, 2019 - (Salon) -In the past year, Silicon Valley became even more dystopian, unequal: According to the 2019 Silicon Valley Index, an annual demography report published by a regional think tank, more people are fleeing the tech-spurred “Renaissance” than coming into it — and that is just one data point in an overall grim synopsis of the current state of Silicon Valley presented by the annual report. More