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Joint Venture Silicon Valley provides ANALYSIS, ACTION, LEADERSHIP

Joint Venture Silicon Valley provides

ANALYSIS

ACTION

LEADERSHIP

What's Happening Now

Municipal Internet of Things Blueprint Released

Innovation CitiesJuly 10, 2019 – Joint Venture's civic technology team announced publication of Municipal Internet of Things (IoT) Blueprint, a free PDF download to inform local government leaders about trends in the IoT. Published by the Wireless SuperCluster, a part of the Global City Teams Challenge (GCTC) project, and led by the National Institute of Standards and Technology (NIST), the tool was co-edited by David Witkowski, Executive Director of Joint Venture’s Civic Technologies Program.

Data Release: Silicon Valley has access to cleaner power than CA or the U.S.

solar panels and wind millsJuly 9, 2019 - The Joint Venture Silicon Valley Institute for Regional Studies has released a comparative analysis of local sources of power by emissions intensity. In just three years, the majority of Silicon Valley energy customers – both residents and businesses alike – have transitioned away from PG&E to community choice energy programs.

Read the release

Joint Venture & SVCE Tackle Green Building Rules

Illustration showing connection between clean electricity and clean communityJuly 1, 2019 - Joint Venture is partnering with Silicon Valley Clean Energy to promote local green building rules through an innovative mechanism called reach codes. Under state law, cities and counties may adopt local ordinances that exceed state codes to ensure new buildings promote a clean and healthy future through greenhouse gas (GHG) reductions.

Learn More

Joint Venture Food Recovery Partners with Loaves & Fishes

Loaves & Fishes logoCollaboration will double community impact

July 1, 2019 – Joint Venture Silicon Valley and Loaves & Fishes Family Kitchen have formed a partnership that will enable Joint Venture’s Food Recovery initiative, known as A La Carte, to transfer day-to-day operations to Loaves & Fishes Family Kitchen. Effective immediately, A La Carte operations will be managed by Loaves & Fishes, including pick-up and delivery operations and the fleet of trucks that deliver meals to people who are in need.

Read the News Release

Facebook funds new truck for Food Rescue

group standing in front of truckJuly 1, 2019 - Facebook, in partnership with Flagship Facility Services, Inc., will fund a new food truck for Joint Venture's Food Rescue initiative, known as A La Carte, that has been picking up and distributing food from four of Facebook’s cafes and mini cafes since March. The new truck will increase the size of the fleet that "harvests" prepared food for people in the community who are food-insecure. Facebook has donated more than 22,000 meals through the program to date.

Learn more

Joint Venture partners with Adobe for people with disabilities

people chatting July 1, 2019 - Joint Venture's Silicon Valley Talent Partnership has paired a pro bono team of experts from Adobe to assist nonprofit Project HIRED to help people with disabilities find employment. Have a project that could use expert help?

Contact Joint Venture's SVTP for details.

Joint Venture board adds new members

July 1, 2019 – The Joint Venture board of directors elected two new members at their quarterly meeting: Supervisor Susan Ellenberg and Michael Isip, President and Chief Executive Officer of KQED. “We are delighted to add the expertise of Supervisor Susan Ellenberg and Michael Isip to the Joint Venture board,” said Russell Hancock, President & CEO of Joint Venture.

Read the news release

Meet Duffy Jennings

July 1, 2019 - Duffy Jennings first joined Joint Venture in 2008 as VP of Communications after enjoying a distinguished career as a corporate communications executive and journalist. He retired—or rewired?—from corporate life in February 2019 and, with the new release of his memoir, Reporter’s Note Book: A San Francisco Chronicle Journalist’s Diary of the Shocking Seventies, he added author to his list.

Read Duffy's profile

Silicon Valley Indicators

indicators home page Get comprehensive information and data about Silicon Valley’s economic and community health at www.SiliconValleyIndicators.org.

Data and charts from the Silicon Valley Index (and more) are available on a dynamic and interactive website that allows users to further explore Silicon Valley trends.

Download the 2019 Silicon Valley Index.

Investors Spotlight

Donors invest in Joint Venture with both general support and project-specific gifts that help us react nimbly to provide analysis and innovative solutions to issues that confront our regional economies and quality of life. Here are just a few of our many investors:

SiliconSage Builders logo Urban Catalyst logo Urban Community 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

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

June 29, 2019 - (Mercury News) - Pizarro: Literary Send-Off - Joint Venture Silicon Valley CEO Russell Hancock and his wife, Marguerite Hancock, hosted a reception to bid farewell to Duffy Jennings, who served as Joint Venture’s communications director for the past 11 years. More

June 26, 2019 - (Michigan Daily) - KLA opens temporary R&D site in Ann Arbor:According to Curbed San Francisco, a recent census done by Joint Venture Silicon Valley discovered the median home sale price for a house is $1.2 million. More

June 26, 2019 - (The Almanac) - Manzanita Talks move forward: Efforts to bring together public and private sector leaders to talk about how to address regional transportation problems moved forward on June 13 with what Joint Venture Silicon Valley President and CEO Russell Hancock called a historic discussion. More

June 25, 2019 - (KQED News) - Stanford Wants to Expand: Russell Hancock, a Stanford lecturer and also president and CEO of Joint Venture Silicon Valley, said, "It's always baffling to me when the neighbors vilify Stanford. This is a world class institution. There would be no Silicon Valley without Stanford." More

June 19, 2019 - (NPR News) - Google Pledges $1 Billion For Affordable Housing: We are seeing an increase in the people that are living in RVs or other temporary shelters," said Rachel Massaro, director of research for Joint Venture. More

June 18 - (KQED News) - Google Pledges $1 Billion to Help Fight Bay Area Housing Crisis It Helped Create: Joint Venture reported that affordable housing units represented only a small share of recently approved units in Silicon Valley.   More

June 18, 2019 - (Mercury News) - Californians sharply divided over how to tackle housing shortage: Russell Hancock, CEO of Joint Venture Silicon Valley, believes Bay Area residents have become more open to new solutions to the housing shortage in the last five years. More

June 18, 2019 - (Mercury News) - With SUV ads and snark, desert city looks to woo Bay Area residents: According to a study by the regional think-tank Joint Venture Silicon Valley, the region gained about 62,000 foreign-born residents between July 2015 and July 2018, while 64,300 residents left. More

June 14, 2019 - (AJOT) -Commute times across Silicon Valley have increased by 17% over the past decade, adding an average of 43 minutes weekly per commuter, according to the 2018 Silicon Valley Index by Joint Venture Silicon Valley. More

June 12, 2019 - (Los Altos Town Crier) - Food truck puts corporate leftovers to community good: Silicon Valley Food Rescue operates as a project of Joint Venture Silicon Valley. More