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Joint Venture Silicon Valley provides ANALYSIS, ACTION, LEADERSHIP

Joint Venture Silicon Valley provides

ANALYSIS

ACTION

LEADERSHIP

What's Happening Now

Meet Radha Sharma, Verizon Wireless

Radha SharmaWill you be first in line for an autonomous vehicle? Once fifth-generation wireless technology is in place, self-driving cars are just one 5G-powered innovation that will shake up how we live and work. Experts say 5G is ushering in the Fourth Industrial Revolution.

If Radha Sharma gets her way it may be sooner than later. Sharma is Senior Manager of Municipal Engagement with Verizon Wireless and serves on the steering committee for Joint Venture’s Wireless Communications Initiative.

Read Radha's profile

Data Release: Back-to-School by the Numbers

cover imageAugust 13, 2019 - Nearly 550,000 Silicon Valley students will head back to school this week and next. Joint Venture’s Institute for Regional Studies has compiled a snapshot of Silicon Valley’s educational landscape by the numbers. On average, families spend close to $700 for supplies and clothing - a hardship for 30% of Silicon Valley. Plus, of households earning less than $35,000 annually, only 75% have internet access, leaving 41,000 Silicon Valley children without internet access at home. Fifty-six percent of eighth-graders were proficient in math compared to 37% in California overall. The high school dropout rate was 8% in 2018, 2% lower than for the state. High school graduation rates increased to nearly 87% as did the share of students meeting University of California or Cal-State University entrance requirements. Read the release

Institute Release: Demand for Commercial Space Drives Construction Boom

chartAugust 2, 2019 - Joint Venture’s Institute for Regional Studies released its second-quarter 2019 report on Silicon Valley commercial space. The total amount of office, industrial, and research and development (R&D) space under construction has continued to rise, even as new buildings have been completed. “Demand for all types of space, including office, industrial, and R&D, has driven this development and brought vacancy rates down, especially near public transit where rates are 67% higher,” said Rachel Massaro, Vice President and Director of Research.

Read the release

Save the Date: State of the Valley 2020

August 10, 2019 - 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!

Manzanita Talks: public & private sectors take on transportation woes

Manzanita TalksAugust 10, 2019 - What happens when you put tech companies at the same table with local government to address Peninsula transportation issues? The Manzanita Talks, a series of discussions convened by Joint Venture, is doing just that, in order to explore alternatives to the first-and last-mile problems plaguing commuters. Elected officials from across the Peninsulahave teamed up with Facebook, Google, Intuit, LinkedIn, Tesla, Palantir and Genentech in an effort to streamline the usual miasma of processes.

Recent media coverage

Profile: Meet David Bini, Executive Director, Santa Clara & San Benito Counties Building & Construction Trades Council

David Bini standing next to FDR statueAugust 10, 2019 - Why choose a career in organized labor? David Bini, a member of the board of Joint Venture Silicon Valley, points to personal experience, having worked his way up from an apprentice, enjoying the protections and benefits of union jobs. "In the non-unionized industry, wage theft is pervasive. Every other construction job you go to you'll find somebody who's not getting their entire paycheck," Bini said. "We need to remain vigilant and continue to enact ordinances that plug those gaps."

Read the profile

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:

Eastdil Secured logo EORM logo city of Pacifica 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

August 21, 2019 - (Palo Alto Online) - Palo Alto looks to business tax to fund shuttles, rail improvements: She pointed to a recent report from Joint Venture Silicon Valley showing that startups are increasingly moving to San Francisco rather than to cities in Santa Clara and San Mateo counties. More

August 18, 2019 - (This Week in Asia) - How Asian immigrants are transforming San Francisco Bay Area’s food culture: ...residents of Asian heritage account for 34 per cent of the population, up from 28 per cent in 2007, according to a report released this year by Joint Venture Silicon Valley. More

July 30, 2019 - (The Silicon Valley Voice) - Bank Of America Invests Over $550K In Local Nonprofits: nearly 40 percent of Silicon Valley students ages 5-17 receive free or reduced-price school meals, according to the 2019 Joint Venture Silicon Valley Index. More

July 24, 2019 - (KPIX -TV 5) - Justice Department Launches Antitrust Probe Of Big Tech Companies: Joint Venture CEO Russell Hancock says it remains to be seen if the anti-trust investigation could change the landscape of big tech in Silicon Valley.  More

July 17, 2019 - (KPIX TV-5) - Elon Musk Developing AI-Connected Brain Implant To ‘Secure Humanity’s Future’: Joint Venture Silicon Valley CEO Russ Hancock believes if anyone can merge human beings with artificial intelligence, it would be Musk. More

July 16, 2019 - (Energy Pages) - Rise of Energy Choice Diminishes PG&E’s Silicon Valley Market Share:Silicon Valley residents have greater access to cleaner energy compared to the rest of California and the rest of the country, says The Joint Venture Silicon Valley Institute for Regional Studies. More

July 10, 2019 - (American City & County) - Small cells, big uncertainties: “The FCC’s approach is a pretty blanket approach. And it may not account for all of the nuances of local government..." notes David Witkowski, executive director of civic technology initiatives at Joint Venture Silicon Valley. More

July 8, 2019 - (Mercury News) - Exodus: For Bay Area millennials, moving up means moving out: In 2017, roughly 36 percent of Silicon Valley adults between the ages of 18 and 34 lived with their parents, according to an analysis by Joint Venture Silicon Valley. More

July 5, 2019(KPIX-TV5) - New Numbers Show Silicon Valley Tech Jobs Are Moving North: "The workforce is young," says Joint Venture CEO Russell Hancock.  More