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 unveils new Equity Metrics Dashboard

August 5, 2022Joint Venture’s Institute for Regional Studies has made a key addition to its Silicon Valley Indicators website, a comprehensive collection of longitudinal data and other resources measuring community health. Now live, the Equity Metrics Dashboard is a resource to better understand our region’s race and ethnicity disparities. The dashboard was created in collaboration with the Silicon Valley Community Foundation’s Equity Forward partnership. The new dashboard presents indicators showing demographics, physical and financial wellbeing (education, employment and housing), leadership and voice, safety, and connection to one’s community.

Visit the Equity Metrics Dashboard

Ciara Low named program manager for food recovery

August 5, 2022 - Joint Venture’s food recovery initiative has added Ciara Low, to manage a county-wide program Joint Venture is tapped to lead. Low most recently served as Regional Food Systems Coordinator for the Safe & Abundant Nutrition Alliance in Colorado and co-founded UpRoot Colorado. “I am thrilled to welcome Ciara who brings a wealth of experience to the table,” said Robin Franz Martin, executive director of the initiative. “Her work will reduce our county's climate footprint and feed those most in need.”

Learn more about Ciara
Learn more about Joint Venture’s food recovery initiative

Santa Clara County awards new research funding to Institute

August 5, 2022 - Joint Venture’s Institute for Regional Studies is the recipient of two research grants from the County of Santa Clara via Supervisor Susan Ellenberg’s office that will illuminate critical issues of financial wellbeing and mental health support services. The first grant funds a project modeling the impact of Guaranteed Basic Income (GBI) on Silicon Valley families. Using the model, analysts will run comparisons by racial and ethnic group, citizenship status, educational attainment, family composition, and more. The second grant funds a study of the capacity of local higher-education institutions to train mental health and substance abuse treatment professionals.

Learn more about the Institute

Silicon Valley unemployment edges upward to 2.2%

cover imageJuly 25, 2022 – The unemployment rate in the Silicon Valley region increased to 2.2% in June, which was higher than the rate in both April and May. Silicon Valley employers decreased their workforce by just over 4,600 employees between mid-May and mid-June, while the labor force increased just slightly (+900 individuals) in the same time frame. The total labor force in the region is still over 44,000 below the February 2020 level. “Seasonal cycles have meant that declining jobs in Educational Services and Local and State Government Education have contributed to the growth in the unemployment rate in Silicon Valley,” said Ryan Young, Research Manager for BW Research and an affiliated researcher at the Institute.

Read the release

Joint Venture-sponsored legislation makes strides

August 5, 2022 - Senate Bill 917, co-sponsored by Joint Venture, is making headway. The Bill sets meaningful deadlines for fare and wayfinding integration, and establishes service integration policies for the Bay Area’s 27 transit operators over the next three years. On June 28, the bill passed unanimously through the Assembly Transportation Committee and on May 23 it cleared the Senate 29-2. BART and VTA boards fully backed the bill with amendments. SB 917 now moves to the Appropriations Committee for approval.

Meet Kara Gross

August 5, 2022 - At Joint Venture, Kara is Director of Public Sector Climate Initiatives and Executive Director of the Silicon Valley Economic Development Alliance (SVEDA). And recently, she  stepped up to serve as Chief Program Officer, a critical role to help guide Joint Venture’s array of initiatives. When someone has been with an organization 15 years, that’s the definition of a good fit. So it is with Kara Gross, who has logged more time with Joint Venture Silicon Valley than any staff member save CEO Russell Hancock. What makes this individual and this non-profit an effective pairing? She believes in local government as a force for good and an effective means towards greater equality and a healthier environment.

Read Kara's 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:

Juniper logo Kaiser Permanente Santa Clara Medical Center logo city of Fremont 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

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

August 5, 2022 - (San Jose Spotlight) - Silicon Valley sees slight uptick in unemployment: A report by Joint Venture Silicon Valley shows unemployment rates increased by 0.4% in Santa Clara and San Mateo counties More

July 28, 2022 - (San Jose Spotlight) - How many jobs does it take to pay rent in San Jose? “There is no family who can sustain themselves on minimum wage...,” Rachel Massaro, vice president and director of research of Joint Venture Silicon Valley...More

July 27, 2022 - (Courthouse News Service) - Twitter the latest tech company to cut office in San Francisco, nixing plans to expand to Oakland: Russell Hancock, CEO of Joint Venture Silicon Valley, said...More

July 26, 2022 - (San Jose Spotlight) - Survey says San Jose #1 for millennials. Experts disagree.: A Joint Venture Silicon Valley report also found “shocking wealth disparity” with the top quarter of Silicon Valley earners ...More

July 26, 2022 - (Silicon Valley Business Journal) - Unemployment rose in Silicon Valley for the first time in five months: the jobless rate for the region including Santa Clara and San Mateo counties hit 2.2% last month from 1.8% in May according to the Silicon Valley Institute for Regional Studies. More

July 22, 2022 - (Mercury News) - Bay Area powers to biggest job gains in three months but California falters: Overall, the job trends in the Bay Area point to both hopeful and troubling signs for the region’s economy, said Russell Hancock, president of Joint Venture Silicon Valley...More

July 22, 2022 - (Silicon Valley Business Journal) - It Sure Ain't Worth What it Used to Be: ...small businesses is affected not just by government regulation, inflation or supply chain costs, but the health of the region's dominant tech industry, said Russell Hancock, CEO of Joint Venture Silicon Valley. More

July 21, 2022 - (California 18) - Silicon Valley: The Highest Paying Companies in the U.S. Region in 2021 - San Francisco Chronicle reported that according to an annual report by Joint Venture Silicon Valley, a non-profit company, it found that 25% of Silicon Valley’s population holds 92% of the region’s wealth. More

July 3, 2022 - (Mercury News) - Rare vortex of economic troubles descends on Bay Area residents, businesses: Though rising consumer prices are often accompanied by increases in wages, such raises are rarely distributed equally across income levels, said Russell Hancock, CEO of think tank Joint Venture Silicon Valley. More

June 29, 2022 - (Mercury News) - Adina Levin founded the nonprofit Seamless Bay Area in March 2020 to try to unify different forms of transit across the region. More

June 24, 2022 - (Streets Blog) - BART Endorses Fare Integration, Ferry for Western Alameda: Seamless Bay Area...scored a major victory Thursday when the BART Board unanimously voted to endorse Senate Bill 917 More

June 20, 2022 - (San Jose Spotlight) - Inequity in Silicon Valley persists for people of color: “The data speaks for itself, and it says that we have profound disparities that are getting worse, not better,” Russell Hancock, CEO of Joint Venture Silicon Valley...More

June 17, 2022 - (Mercury News) - Bay Area, California both gain jobs in May, but slowdown intensifies: Companies are anxious to hire workers, but prospective employees aren’t necessarily rushing to apply for jobs, said Russell Hancock, president of Joint Venture Silicon Valley...More

June 17, 2022 - (Mountain View Voice) - I would like to support a new business tax: ...you were sent an analysis by Joint Venture Silicon Valley's research group comparing your proposed tax with those in neighboring cities. More

June 15, 2022 - (MarketWatch) - From Great Resignation to Forced Resignation: Tech companies are shifting to layoffs after a huge ramp up in hiring - The market cap aggregate of about 300 publicly traded tech companies is at its lowest now...says Rachel Massaro, vice president of research at the Silicon Valley Institute for Regional Studies. More

June 15, 2022 - (Slash Gear) - Inside The End Of Silicon Valley's Dynasty: Joint Venture Silicon Valley and the Institute for Regional Studies (opens as a PDF) say Silicon Valley spans four counties, Santa Clara, San Mateo, Alameda, and Santa Cruz. More