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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 John Boland, KQED Public Media

John Boland speaking at graduationEvery leader aspires to leave a legacy of success. John Boland, a member of the board of directors at Joint Venture Silicon Valley, has done just that at KQED. At a time when most regional news entities are struggling, Boland catapulted KQED from a traditional public broadcast outlet into a multimedia stronghold. The eldest of 12 and a college dropout, Boland served as President and CEO of KQED through March 2019, and is now president emeritus. 

Read the profile

CBS News: San Jose has highest-paid workers

video image May 20, 2019 - Joint Venture CEO Russell Hancock says, "it's no surprise," when interviewed by CBS News on a new report that says the nation's highest paid workers are in San Jose. With an average annual median income of $117,000, “our numbers are skewed by people who are making obscene amounts of money. Silicon Valley is a place that has 50 billionaires,” Hancock said. “We’re spiraling upwards in terms of our costs, our housing, for everything,” Hancock said. “You see those costs rising faster than anywhere in the country. And it’s because the market can bear it.”

Watch the news clip

Russell Hancock on Tesla stock plunge

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May 20, 2019 - Russell Hancock, president and CEO of Joint Venture, was interviewed by CBS News when one Wall Street analyst issued a “code red” on Tesla for not meeting internal production goals and getting distracted in side ventures. Hancock says “I think shareholders are saying this product that is world changing, maybe now we need some adult supervision–doing the things that Detroit has done for a very long time.”

Watch the news clip

Institute Report: space under construction rivals dot com boom

black and white report cover May 3, 2019 – Joint Venture Silicon Valley’s Institute for Regional Studies has released its Q1 2019 report on Silicon Valley commercial space. The report shows that activity is brisk and demand is high, especially for commercial space located near public transit. Office vacancy rates – which were relatively high between Q4 2017 and Q4 2018 due – fell significantly in Q1 2019 to 13.4%.

Learn more | Read news release

Data Release: Silicon Valley sets pace for electric vehicle adoption 

Electric car May 15, 2019 - The Joint Venture Institute for Regional Studies today reported that Silicon Valley’s total number of registered electric vehicles (EVs) surpassed 80,000 in 2018, comprising nearly 20% of all such vehicles in California, and by far the highest numbers of any region per capita. Learn more

Joint Venture Food Rescue hits new milestone

150K pounds of food & 80K meals in 6 months

May 13, 2019 - Joint Venture’s food rescue initiative, A La Carte, has collected more than 150,000 pounds of prepared surplus food from universities and corporate food services...more than 80,000 meals for people who are food insecure. This spring A La Carte will purchase an additional truck. John A. Sobrato, Chairman Emeritus of Sobrato Development Companies, Sobrato Philanthropies, and a current member of Joint Venture’s board of directors, has donated $125,000 to the effort.

Learn more

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.

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:

Crew SV logo Eastdil Secured logo University of California - Santa Cruz 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.

2015 Index News Coverage

Every year the release of the Silicon Valley Index draws extensive media coverage from around the world for its findings, data, trends and other indicators measuring the economic health and community well being of Silicon Valley. Local newspapers and broadcast outlets, national network news organizations and wire services, financial and government publications and news sources as far away as Europe, India, Asia and Australia all have reported on the Index.

March 4, 2015 - (PC Magazine) - Apple Security Guards Promoted to Full-Time Staff: "According to The Wall Street Journal, which cited a report by Joint Venture Silicon Valley, the median annual income for local high-skilled workers is about $119,000." More.

March 3, 2015 - (CIO) - ’Thought Leadership’ Means Never Having to Say You’re Discriminating: "A report by Joint Venture Silicon Valley, a regional organization of government and industry leaders, found that the Silicon Valley gender pay gap is one of the largest in the country." More.

Feb. 27, 2015 - (Palo Alto Online) - Off Deadline — Stanford's John Hennessy Takes a Peek at Stanford's, and the World's, Future: "But his keynote appearance at the 2015 State of the Valley conference in early February was a rare discourse from Hennessy, who has headed Stanford for the past 15 years, an impressive tenure for a university president." More.

Feb. 27, 2015 - (San Jose Mercury News) - Teamsters Win Vote to Unionize More Tech Shuttle Bus Drivers in Silicon Valley: "The income gap is particularly stark in the valley, where the median salary for highly skilled workers is nearly $92,000 higher than the median pay for low-skilled employees, according to a recent report from Joint Venture Silicon Valley." More.

Feb. 27, 2015 - (Lodi News-Sentinel) - California's Tech Company Bubble May Soon Burst: "...according to the nonprofit Joint Venture Silicon Valley index, which gauges the area’s living standards, the valley has the state’s widest income gap." More.

Feb. 22, 2015 - (KQED News) - Working Class Struggles in Silicon Valley: "'Thirty percent of our population is living below the self-sufficiency standard,' says Joint Venture Vice President Rachel Massaro. 'That means they can’t survive without public or informal private assistance.'” More

Feb. 21, 2015 - (Wall Street Journal) - Facebook Shuttle Drivers Vote to Ratify New Teamsters Contract: "A report this month from think tank Joint Venture Silicon Valley found that the median annual income for high-skilled workers in the region is about $119,000, while the median income for low-skilled workers is about $27,000." More.

Feb. 18, 2015 - (Capital and Main) - Silicon Valley's Brave New Economic Order: As Silicon Valley continues to generate extraordinary wealth – it posted the country’s fastest rate of job growth last year, according to a new report from the regional development group Joint Venture Silicon Valley – it is also establishing the blueprint of a new socio-economic order." More.

Feb. 18, 2015 - (Huffington Post) - How Silicon Valley Billionaires are Creating a New Economic Order: "'It’s as if the economy has lost its spine,' the chief executive of Joint Venture Silicon Valley, Russell Hancock, wrote recently, 'and this has important implications for the kind of community we become.'" More.

Feb. 16, 2015 - (Palo Alto Online) - Jay Thorwaldson Guest Column: Silicon Valley Hot and Getting Hotter, Yet with Huge Inequities: "But this time it's no bubble, Russell Hancock, president and CEO of the Joint Venture Silicon Valley, emphasized in introductory comments at a Feb. 4 'State of the Valley' conference in Santa Clara. More.

Feb. 12, 2015 - (Santa Cruz Sentinel) - Cupertino Bets Big on Apple Spaceship Campus: "By comparison, the median salary in the valley was $90,415 that year, according to Joint Venture Silicon Valley." More.

Feb. 9 2015 - (Yahoo! Finance) - Silicon Valley Tech Economy Booming: "The annual Silicon Valley Index, released by Joint Venture Silicon Valley, representing businesses, government and the broader community, also shows record venture capital investment in technology." More.

Feb. 8, 2015 - (San Jose Mercury News) - Michelle Quinn: Is Silicon Valley's Growing Gender Wage Gap a Boomtime Byproduct?: "But I was surprised to see, tucked in the data-rich report card produced by Joint Venture Silicon Valley on the region's economic health, the finding that in Silicon Valley, men with university degrees are earning much more than women." More.

Feb. 8, 2015 - (Tech Crunch) - Startups, a Rich Man's Game: "Joint Venture Silicon Valley, a non-profit regional forum, released its annual Silicon Valley Index, with dozens of tables and charts analyzing the region’s demographics and employment. More.

Feb. 7, 2015 - (San Jose Mercury News) - Scott Herold: Damn Lies and Statistics: "Where do you get decent numbers? Start with the Silicon Valley Index just put out by Joint Venture Silicon Valley. While its numbers come in the aggregate -- it defines Silicon Valley as San Mateo, Santa Clara and southern Alameda counties -- it offers fascinating snippets. More.

Feb. 6, 2015 - (Peninsula Press) - John Hennessy Calls for Universal Preschool, Education Reform: "In a fireside chat keynote at Joint Venture Silicon Valley’s State of the Valley conference Wednesday, Stanford President John Hennessy discussed issues surrounding education reform in Silicon Valley and the broader country." More.

Feb. 6, 2015 - California, Silicon Valley Turning ‘Sustainability’ from Buzzword to Reality: "In a keynote address Wednesday at Joint Venture Silicon Valley’s annual State of the Valley conference, Benjamin Barber...challenged Silicon Valley to make better use of technology to benefit the common good." More.

Feb. 6, 2015 - (San Francisco Chronicle) - Big Gender Pay Gap Persists in Silicon Valley Despite Booming Economy: "Women with a bachelor’s degree or higher continue to earn much less than men, and Silicon Valley’s pay gap is larger than the rest of the state or nationwide, according to a new report by Joint Venture Silicon Valley." More.

Feb. 6, 2015 - (Peninsula Press) - Income Disparity Prompts Need for Public-private Sector Collaboration: "The 2015 Index, published by Joint Venture Silicon Valley, a regional organization of government and industry leaders, indicated the top-tier income in Silicon Valley averages $119,000 per year and the bottom about $27,000 per year." More.

Feb. 6, 2015 - (EE Times) - Stanford Prez Grades U.S. Tech: "The following are excerpts from a fireside chat he gave at the annual State of the Valley event where Joint Venture Silicon Valley released its annual report on the high tech hot spot." More.

Feb. 6, 2015 - (Peninsula Press) - Are Regulatory Agencies Friends of Silicon Valley Startups?: "So said a panel of startup executives discussing the new realities facing Silicon Valley new ventures at Wednesday’s State of the Valley conference." More.

Feb. 5, 2014 - (San Jose Mercury News) - Silicon Valley Really is More Innovative, Study Finds: "'It seems intuitive but it is nice to have social science back us up,' said Russell Hancock, president and CEO of San Jose-based Joint Venture Silicon Valley, a policy organization focused on regional issues. More.

Feb. 5, 2015 - (New Zealand Herald) - Tech Boom Heats Up Valley but Wage Gap Widens: "'"It's not bubblicious, we have grown into this and we've done this incrementally,' said Hancock." More.

Feb. 4, 2015 - (San Francisco Chronicle) - Economy: "The annual Silicon Valley Index released by Joint Venture Silicon Valley, representing businesses, government and the broader community, also shows record venture capital investment in technology." More.

Feb. 4, 2015 - (Wired.com) - Silicon Valley's Biggest Worry Should Be Inequality, Not a Bubble: "Silicon Valley’s economy may be booming, but according to a new report, in recent years, the region has also “'ost its spine'—that spine being the middle class." More.

Feb. 4, 2105 - (EE Times) - Silicon Valley Expands Unevenly: "Silicon Valley’s economy continued to expand in 2014 and is not approaching a bubble but does face serious issues with uneven distribution of wealth, poverty and an over-burdened infrastructure, according to the annual Silicon Valley Index." More.

Feb. 4, 2015 - (MarketWatch) - Silicon Valley Young Adults are Bunking with Mom and Dad: "In the 18- to 34 year-old segment, 32.4% lived with one or both parents from 2009 to 2013, according to a yearly report conducted by think tank Joint Venture Silicon Valley." More.

Feb. 4, 2015 - (Techwire.net) - Report: Silicon Valley Powers to Record Job Boom: "'The hot economy is getting hotter,' said Russell Hancock, president of Joint Venture Silicon Valley. 'It is really extraordinary. We are blowing through every economic record.'” More.

Feb. 4, 2015 - (San Jose Mercury News) - Shuttle Bus Drivers for Apple, Yahoo and Other Tech Giants to Vote on Unionization. "Highly skilled workers in Silicon Valley have a median income of $118,700, dwarfing the $27,000 earned by workers in low-skill jobs, according to a new report from Joint Venture Silicon Valley." More.

Feb. 3, 2015 - (New York Times) - Report: Silicon Valley Tech Economy Booming: "The report shows that with the income and population growth, low-wage earners are being priced out of housing, roadways are increasingly congested, and public rail service is overwhelmed throughout the greater Bay Area. More.

Feb. 3, 2015 - (Los Angeles Times) - Tech Economy is Booming with No Bubble Burst in Sight, Report Says: "Silicon Valley’s economy is booming, according to the Silicon Valley Index, an annual analysis of the region’s job creation, growth rate, earnings and capital investments. And, in comforting news for investors, it shows no signs of slowing down." More.

Feb. 3, 2015 - (ABC7) - Silicon Valley Job Growth Exposes Increasing Gender Wage Gap: "Rachel Massaro with Silicon Valley Institute for Regional Studies says, 'If more women get into those kinds of traditionally male dominated careers, I think it will change the income gap here in Silicon Valley.'" More.

Feb. 3, 2015 - (Silicon Valley Business Journal) - Silicon Valley's Economy: Perhaps Not a Bubble, but Certainly A Boom: "It's a story told over and over again in Silicon Valley: We're growing at rates we haven't seen since the bubble in 2000, according to the 2015 Silicon Valley Index, the annual economic study released Tuesday by Joint Venture Silicon Valley." More.

Feb. 3, 2015 - (Examiner.com) - If You Think Silicon Valley's Highways are Crowded Not, Just Wait: "'We’re just growing like gangbusters,' said Russell Hancock, president and CEO of Joint Venture Silicon Valley. 'Clearly, we continue to be driven by innovation.'" More.

Feb. 3, 2015 - (Santa Cruz Sentinel) - Silicon Valley Economy Up Despite Income, Gender Gap: "The Silicon Valley economy is red hot and the growth is intensifying, according to the latest Joint Venture Silicon Valley Index released Tuesday, but the surge has been accompanied by a yawning income and gender gap." More.

Feb. 3, 2015 - (ABC News) - Report: Silicon Valley Tech Economy Booming: "The annual Silicon Valley Index released by Joint Venture Silicon Valley, representing businesses, government and the broader community, also shows record venture capital investment in technology." More.

Feb. 3, 2015 - (U.S. News & World Report) - Study Suggests Silicon Valley Jobs, Earnings, Inequality on the Rise: "'We’re poised now to blow through all the employment, venture capital and patent records that were set during the crazy dot-com period, only this time we haven’t spiked into it,' Russell Hancock, president and CEO of the Joint Venture Silicon Valley group, said in the report." More.

Feb. 3, 2015 - (Palo Alto Online) - Report Highlights Silicon Valley's Uneven Prosperity: "Fueled by a sizzling tech sector, strong population growth and low unemployment, the Silicon Valley economy has grown rapidly since the doldrum days of the 2008 recession..., according to an annual report released Tuesday by the Joint Venture Silicon Valley. More.

Feb. 3, 2015 - (Wall Street Journal) - Silicon Valley Not a Bubble...Report Says: "According to the think tank Joint Venture Silicon Valley, Silicon Valley’s job growth rate, at 4.1 percent, is the highest it’s been since 2000, adding nearly 58,000 jobs." More.

Feb. 3, 2015 - (San Jose Mercury News) - Report: Silicon Valley Powers to Record Job Boom, but Surge Produces Income Gap: "'The hot economy is getting hotter,' said Russell Hancock, president of Joint Venture Silicon Valley. 'It is really extraordinary. We are blowing through every economic record.'" More.

Feb. 3, 2015 - (Associated Press) - Report: Silicon Valley Tech Economy Booming: "The annual Silicon Valley Index released by Joint Venture Silicon Valley, representing businesses, government and the broader community, also shows record venture capital investment in technology." More.

In The News

May 23, 2019 - (Curbed San Francisco)Joint Venture Silicon Valley released its annual Silicon Valley Index and reported “for the third year in a row, people are moving out of Silicon Valley nearly as quickly as they are moving in.” More

May 20, 2019 - (CBS San Francisco) - Tesla Stock Plunges: for Russell Hancock, the president and CEO of Joint Venture Silicon Valley, the issue is the assembly line. More

May 20, 2019 - (CBS San Francisco) -New Report Shows San Jose Has Nation’s Highest-Paid Workers:“It’s no surprise,” said Russell Hancock, the CEO of Joint Venture Silicon Valley More

May 16, 2019 - (IWCE's Urgent Communications) -Jeff Lewis, director of the smart-region initiative for Joint Venture Silicon Valley, outlines the benefits that government entities can realize by coordinating communications initiatives More

May 16, 2019 - (Mercury News) - The Gary Dillabough Effect: Transforming downtown San Jose, 20 buildings at a time: Joint Venture board member Gary Dillabough profiled. More

May 10, 2019 - (Mercury News) - Bay Area wage growth slowing, but still among best in the nation: Russell Hancock, president of Joint Venture Silicon Valley, said he’s still bullish about the regional economy. More

May 8, 2019 - (San Jose Spotlight) - Tech leader Matt Mahan jumps into San Jose council race: serves as a board member of the Silicon Valley Leadership Group and Joint Venture Silicon Valley More

May 3, 2019 - (Silicon Valley Business Journal) -Silicon Valley real estate showed strength in the first quarter of the year with strong commercial demand, especially for space close to public transit, Joint Venture Silicon Valley reported... More

May 1, 2019 - (The Registry) - SiliconSage Homes CEO Sanjeev Acharya Joins the Joint Venture Silicon Valley Board of Directors More

April 25, 2019 - (Mercury News) - New Bay Area crown: Most expensive place in the world to build; “Another dubious award for the Bay Area,” said Russell Hancock, CEO of the non-partisan, regional think-tank Joint Venture Silicon Valley. More

April 22, 2019 - (Mercury News) - Bay Area paradox: We need housing, but we don’t want to build faster:  a recent study by Joint Venture Silicon Valley estimated the region is short as many as 108,000 homes and apartments. More

April 20, 2019 - (The Almanac) -Midpeninsula mayors, tech company transportation leaders convene to talk traffic: They were there to launch the "Manzanita Talks," a series of discussions convened by Joint Venture Silicon Valley More

April 16, 2019 - (KPIX 5) - Lawsuit Claims Apple Misled Hundreds Of Thousands Of Investors: “This is new territory for Apple,” said President and CEO of Joint Venture Silicon Valley Russ Hancock. More

April 12, 2019 - (Silicon Valley Business Journal) - Silicon Valley's 2019 Women of Influence award winners: Rachel Massaro, Vice President and Director of Research at Joint Venture Silicon Valley and Director of Research for the Silicon Valley Institute for Regional Studies. More

April 9, 2019 - (City Journal) - This year, Harris keynoted the Joint Venture Silicon Valley conference, and she is once again reaping large donations from tech and media giants. More