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Joint Venture Silicon Valley provides ANALYSIS, ACTION, LEADERSHIP

Joint Venture Silicon Valley provides

ANALYSIS

ACTION

LEADERSHIP

What's Happening Now

SVEDA hosts 3rd-annual conference November 14 & 15 in Santa Cruz

SVEDA logoOctober 21, 2019 - The Silicon Valley Economic Development Alliance - SVEDA - will hold its 3rd-annual regional conference in Santa Cruz November 14 and 15. Join economic development professionals from across the region for insight on pressing issues such as housing, taxation, AI, and business resiliency. SVEDA is committed to addressing business needs through local government policy, streamlined permitting processes, and linking businesses to local and regional resources that add value to company innovation and growth.

Click to register

Q3 Commercial Space Report released

report coverOctober 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.

Learn more

 

Rachel Massaro talks Silicon Valley exodus

October 18, 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. Rachel quotes the Silicon Valley Index, "For the third year in a row, people are moving out of Silicon Valley nearly as quickly as they are moving in. Between July 2015 and July 2018 (over a three-year period), the region gained 61,977 foreign immigrants, but lost 64,318 residents to other parts of California and the United States." Watch the interview

Institute Names Margaret O’Mara Distinguished Fellow

Margaret O’Mara speakingOctober 18, 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.

Learn more about Professor O’Mara’s research.
Read Margaret's bio.

Talent Partnership lands Wells Fargo grant, launches Oracle project

team members meeting at white boardOctober 21, 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?
Visit jointventure.org/svtp.

Meet John Lang, economic development manager, Morgan Hill

October 21, 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.

Read John's profile

Save the Date: State of the Valley 2020

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!

Register Now

Silicon Valley Indicators

indicators home page 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.

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:

TDA Group logo Technology Credit Union logo city of Portola Valley 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.

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

October 18, 2019 - (San Jose Spotlight) - Report: Downtown San Jose businesses move northward as tech keeps Bay Area market hot.  The report, released Friday by Joint Venture Silicon Valley Institute for Regional Studies ...shows that commercial development is going strong along the Peninsula and in Silicon Valley, with 13 million square feet under construction, a 19-year high, according to the report.  More

October 18, 2019 - (Palo Alto Online) - Peninsula cities, companies explore partnership to tackle traffic congestion: Launched by Joint Venture Silicon Valley, the series sought to bring all the parties together to exchange knowledge about transportation-demand management... More

October 16, 2019 - (KPIX CBS TV) - Salesforce CEO Says Facebook Is 'Like Cigarettes,' Should Be Broken Up: "We have a long-standing tradition of breaking up monopolies in this country," said Russell Hancock, CEO of Joint Venture Silicon Valley. More

October 15, 2019 - (CBS News) - #DeleteFacebook trends after report Zuckerberg secretly dined with conservatives: Russell Hancock, President and CEO of Joint Venture Silicon Valley, said it would take time to figure out if the hashtag had any impact on Facebook. More

October 14, 2019 - (Stanford Daily) - Students recover 1,000 pounds of leftover food from Stanford Stadium concessions: ...A La Carte, launched last year as a pilot program between Stanford and Joint Venture Silicon Valley, a local nonprofit which analyzes the impact of local public- and private-sector projects. More

October 11, 2019 - (Mountain View Voice) - Mountain View lays out $81 million plan for El Camino Real: More than 15 years ago, the nonprofit think tank Joint Venture Silicon Valley urged Peninsula cities to seize a "golden opportunity" by harnessing the demand for redevelopment to transform El Camino Real into an urban neighborhood corridor.  More

September 28, 2019 - (Detroit Free Press) - GM strike is a surprising modern test of the power of workers versus corporations:“We don’t have big factories in Silicon Valley where people are punching time cards and doing grueling physical labor,” said Russell Hancock, president and CEO of Joint Venture Silicon Valley. More