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Joint Venture Silicon Valley provides ANALYSIS, ACTION, LEADERSHIP

Joint Venture Silicon Valley provides

ANALYSIS

ACTION

LEADERSHIP

What's Happening Now

Unemployment: October unemployment at 5.9%, lowest since onset of pandemic

resume illustrationNovember 20, 2020 - Silicon Valley’s unemployment rate slipped down by another 1.1 percentage points in October, according to analysis released today by Joint Venture Silicon Valley’s Institute for Regional Studies. Yet, as of mid-October, approximately 90,000 people remain unemployed in Silicon Valley. “While the month-over-month job growth for certain industries – such as retail and restaurants – is impressive, the industry-specific employment numbers are still well below where they were at this time last year,” said Rachel Massaro, the Institute’s Director of Research.

Read the release

Joint Venture board adds two new members

2 headshotsNovember 20, 2020 - The Joint Venture board of directors has elected two new leaders to their ranks. Ted Bojorquez is executive vice president of the Silicon Valley region for California Bank of Commerce. Raquel González is Bank of America’s Silicon Valley Market President. “We are grateful and excited to have these individuals join the board and bring their unique talents, expertise, and perspectives to the work of Joint Venture,” said Russell Hancock, president and CEO of Joint Venture.

Read the news release

Webinar: Get more from solar

solor panelNew Revenue Opportunities for Solar & Battery Systems - Wednesday, Dec 9 at 11:00 AM

November 20, 2020 - Are power outages the new normal in California? With increased wildfire risks, utilities are asking customers to prepare for planned outages. The prospect of more shut-offs are leaving many wondering how to manage through outages and seeking backup power. Join Joint Venture and The Climate Center for a webinar that will explore new and untapped revenue opportunities for solar photovoltaic and battery energy storage systems.

Learn more | Register

Webinar: The race to the clean car future

Wednesday, Dec 9 at 12:00 PM

November 20, 2020 - Join Janelle London, executive director of Joint Venture's Beyond Gasoline initiative for The Race to the Clean Car Future: Which State Will be First?, a webinar that will delve into opportunities for a pathway to a clean-car future. To get to a clean-car future, states must navigate legal challenges, political opposition, and legislative roadblocks. Meanwhile, Silicon Valley is seeking to cut gasoline consumption in the region 50% by 2030, and Los Angeles aims to have 80% of new vehicles sold be electric by 2028.

Learn more | Register

Joint Venture launches pro bono forum: PRO-Files

November 20, 2020 - Joint Venture’s Silicon Valley Talent Partnership (SVTP) has launched PRO-Files, a new LinkedIn group for leaders, volunteers and partners who are passionate about pro bono service. Members are encouraged to share information and opportunities, ask questions, and celebrate success stories. Even those who are just curious about how to get started with a project or how to volunteer are welcome to join. 

Learn more

Santa Clara County recognizes Joint Venture for food recovery

November 20, 2020 - Clara County’s Recycling and Waste Reduction Commission has recognized Joint Venture’s food recovery efforts with additional grants to continue its work. The County's most recent grant of $80,000 recognizes the initiative's success in reducing, re-using, and recycling food and materials that would otherwise go to the landfills. Joint Venture's work has also been supported by generous donations from Wells Fargo Bank.

Learn more

Profile: Meet Christina Briggs

November 20, 2020 - Christina Briggs is deputy city manager and economic development director for the City of Fremont. She will soon wrap up her term as chair of Joint Venture’s Silicon Valley Economic Development Alliance (SVEDA). At Fremont, her job is to facilitate business expansion, commercial development, and position the City as a high tech manufacturing leader in Silicon Valley. She relates that 2020 has been one stream of emergencies after another. First came the pandemic, followed by civil unrest which created difficult conversations about equity, policing, and race. And then . . . wildfires.

Read Christina's 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.

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

November 21, 2020 - (Mercury News) - Coronavirus economy: Bay Area powers to big job gains in October — but rally may fizzle: “Our numbers are going to go in the tank again,” said Russell Hancock, president of Joint Venture Silicon Valley, a San Jose-based non-profit. More 

November 20, 2020 - (Silicon Valley Business Journal) - Unemployment falls throughout Bay Area — but that was before Covid's latest assault: “In restaurants and retail, it is the case that employment seems very vulnerable to very short-term policy changes around Covid,” said Rachel Massaro, who analyzes the data each month for the Joint Venture Institute for Silicon Valley Studies. More 

November 17, 2020 - (Spiked) - The new few: Margaret O’Mara, historian of Silicon Valley (Distinguished Fellow at Joint venture), says that party allegiances started to change in the 1990s as Democrats courted the tech firms. More

November 17, 2020 - (Eureka Alert) - Purdue Innovation Partners Institute works to bridge rural digital divide: Shakouri is Director of Community Broadband Initiatives at Joint Venture Silicon Valley and CEO of Microsanj. More 

November 12, 2020 - (San Jose Spotlight) - Voting rate in Silicon Valley reaches historic levels: According to Rachel Massaro... at Joint Venture Silicon Valley...the eligible voter turnout rate in Silicon Valley...was at a record level of 68 percent as of Nov. 11, compared to 62 percent in the 2016 general election. More

November 12, 2020 - (Fox News) - Biden snagged vast majority of Silicon Valley votes, regional data shows: About 74% of Silicon Valley voters cast ballots for Biden, while 24% chose Trump, according to preliminary state and local election data compiled by the Silicon Valley Institute for Regional Studies. More

November 2, 2020 - (Cupertino Today) - Silicon Valley Power hosting Santa Clara community meeting on small cell antennas: Panelists at this week’s meeting David Witkowski, executive director of civic technologies initiatives at Joint Venture Silicon Valley. More

November 2, 2020 - (San Jose Inside) - Early Voting Shatters Records in Santa Clara County, Entire State: “Before Saturday, there was just one early voting center, and now they’re all over the place,” Joint Venture Silicon Valley analyst Rachel Massaro points out. More

November 2, 2020 - (CNBC) - Facebook, Twitter and VC firms consider life outside Silicon Valley as they shift to remote work: According to the Silicon Valley Institute for Regional Studies, 18 million square feet of commercial space are currently under construction in the region... More

November 2, 2020 - (San Jose Spotlight) - Early voter turnout in Santa Clara County breaks records: “What we’re seeing are early unprecedented voting rates,” said Rachel Massaro, director of the Silicon Valley Institute for Regional Studies at Joint Venture Silicon Valley. More

October 30, 2020 - (Silicon Valley Business Journal) - 2020’s leasing picture comes into focus: Fewer new market entrants, more office renewals in Silicon Valley - Joint Venture Silicon Valley’s and JLL’s analysis of the market highlighted a few trends worth monitoring. More

October 27, 2020 - (IEEE Technical Community Spotlight) - No One Left Behind: Connectivity for All - In his role as executive director of the Wireless Communications Initiative (WCI) at Joint Venture Silicon Valley, a regional non-profit think tank, Witkowski does similar work promoting the advancement and deployment of cellular technology... More

October 20, 2020 - (Virtual Strategy Magazine) - Top Brass Conference of Digital Technology Influencers on Nov 5, 2020: Mo Shakouri, Silicon Valley Innovator and Investor, Joint Venture Silicon Valley, Dir Community Broadband, Joint Venture. More

October 20, 2020 - (Bisnow) - Trump's Crackdown On Worker Visas Could Bring More Pain To Top Tech Markets: “That throws a wrench into everything,” Russell Hancock, the CEO of Joint Venture Silicon Valley, said in an interview. More 

October 19, 2020 - (CalMatters) - Op-ed: It’s time for cities to track and measure gasoline consumption - Russell Hancock wants everyone to have convenient access to electric vehicle charging, electrify public fleets, educate residents on why and how to stop using gasoline, publicize annual goals for gasoline reduction and celebrate milestones. More 

October 18, 2020 - (Bisnow) - Blackstone's $275M Silicon Valley Buy A Potential 'Vote Of Confidence': Joint Venture Silicon Valley President and CEO Russell Hancock said the deal is another example of investors and corporations following the lead of Google, which plans on building a downtown mixed-use campus with over 7M SF of office. More

October 16, 2020 - (Silicon Valley Business Journal) -  Employment improvement slows. Can we assume all the old jobs will return? “But the truth is we’re in very uncertain times,” said Rachel Massaro, research director of the Silicon Valley Institute for Regional studies, which issues a monthly analysis of the EDD’s numbers. More