State of the Valley has become an important exercise for the region, a time when we gather to assess where we are, what our priorities should be, and how we organize to address them. We’re delighted that so many people were able to participate this year, and if you missed it we hope you’ll enjoy having a recap here.

We look forward to seeing everyone at next year’s State of the Valley conference.


Russell Hancock
President & Chief Executive Officer


In this issue:


State of the Valley Draws 1000 Regional Leaders, Citizens

State of The Valley Logo

Joint Venture’s 2010 State of the Valley Conference attracted more than 1000 of our region’s thought leaders, elected representatives, educators, academics and business executives to downtown San Jose on February 12 for a day of dialogue on Silicon Valley’s overall health.

San Jose Mayor Chuck Reed and Accenture California Managing Director Chris DiGiorgio, co-chairs of the Joint Venture Board of Directors, opened the conference with welcoming remarks and later moderated the forum on Californiawith three candidates for statewide office.

The day’s agenda included briefings on the annual Silicon Valley Index, strong keynote presentations, a forum on California’s woes, panel discussions on our regional challenges and health care, the Packard Award presentation and even political comedy.
The event and the 2010 Silicon Valley Index generated widespread international print, online and broadcast news coverage, including the New York Times, Wall Street Journal, USA Today, Bloomberg, Forbes, PBS, NPR, San Jose Mercury News, San Francisco Chronicle, Silicon Valley/San Jose Business Journal, AP, CNET and media outlets in Asia, Europe, and Australia.

We are grateful to our sponsors, headed by our lead sponsor, the Silicon Valley Community Foundation, along with presentation sponsors Accenture, HP, Kaiser Permanente and PG&E. We also salute our media sponsors: KQED public radio and KTEH public television, NBC Bay Area, the San Jose Mercury News, the Silicon Valley/San Jose Business Journal and KGO radio, and our hotel sponsor, the San Jose Marriott.

Read, listen to and watch the coverage here.
See the full conference information here.
See all of our State of the Valley sponsors here.


2010 Silicon Valley Index – Our Annual Checkup

Russell Hancock gives the index briefing

Joint Venture CEO Russell Hancock briefed the attendees on the 2010 Silicon Valley Index, our comprehensive annual report on the health of the region. In its most sobering results ever, the Index found the economic recession has stalled Silicon Valley’s vibrant innovation economy and left its global competitive standing at risk as never before.

Read the Index news release here.
Watch the PBS interview with Russell Hancock here.
Watch the Forbes TV interview with Russell Hancock here.partition

Index Special Analysis – Economic Silicon Valley’s Innovation Engine: At Risk?

Emmett Speaking gives the speacial analysis

Silicon Valley Community Foundation CEO & President Emmett D. Carson, Ph.D., led the briefing presentation on the Special Analysis. Carson said the study serves as a call to action for our region to mobilize all of its resources in order to recover from the nation’s worst recession since the Great Depression.

He placed particular emphasis on Silicon Valley’s faltering relationship with the federal government, and, together with Russell Hancock announced plans to make federal outreach a priority for Joint Venture in 2010.

Click here to read and download the 2010 Index and Special Analysis.

Watch the PBS interview with Emmett Carson here.


Keynote Speech: “Silicon Valley’s Role in the Creative Economy”

Richard Florida

Economist and author Richard Florida, one of the world’s leading public intellectuals on economic competitiveness, demographic trends and cultural and technological innovation, captivated the rapt audience with his insight on the global economic “reset” currently underway.

Florida argued that the winners in the 21st Century will provide vibrant communities and aggressively court the world’s most creative artists, intellectuals, technologists, and innovators. He also cited Silicon Valley’s historic leadership and challenged the region to “up” its game.

Watch Richard Florida’s interview on PBS here.


Keynote Presentation: Whither California?

Candidates Panel

In an informative and provocative forum, U.S. Senate candidate Tom Campbell, California insurance commissioner and gubernatorial candidate Steve Poizner,

and California treasurer Bill Lockyer answered questions from Joint Venture’s co-chairs and the audience about the legislative gridlock in Sacramento and where California is headed as the recession eases. Topics included spending cuts vs. tax increases, whether our state should draft a new constitution, the state’s poor performance in K-12 education, our water infrastructure, and more.

Watch Tom Campbell’s PBS interview here.


Panel Discussion : Are we a region at risk?

Innovation Panel

At the first morning panel, moderated by former Heidrick & Struggles CEO Thomas Friel, three business leaders explored the impact of the recession on Silicon Valley and the outlook for the region.

The panelists were John Gage of Kleiner Perkins Caufield & Byers, Gary Pinkus of McKinsey & Co., and Akeena Solar CEO Barry Cinnamon, all of whom forecast growth in the cleantech sector, a rebound from the current recession, but a long list of challenges the region needs to overcome.


Panel Discussion: Healthcare in Silicon Valley and Beyond: What’s Next?

Health Care Panel

A second morning panel featured two of the nation’s most influential players in health care, led by Stanford professor Alan Garber and Kaiser Permanente CEO Robert Pearl. McKinsey & Company’s Saum Sutaria moderated the discussion.




Joint Venture Spotlight

David Packard Award: Varian Medical Systems’ Richard M. Levy

Joint Venture bestowed its highest honor for civic engagement on Richard Levy, board chair of Varian Medical systems since 2006 and a 40-year company veteran. Levy’s United Way board colleague Don Watters introduced Levy with a personal tribute to this hands-on community service champion.
Click here to read Dr. Levy’s profile.

Comic Interlude: “The Lieutenant Governor From the State of Confusion”

In a first for State of the Valley, popular political satirist Will Durst brought his irreverent brand of humor to the event, sparing few topics or targets in a standup routine that had the audience laughing all the way to lunch.

Read Sal Pizarro's take on Will Durst at State of The Valley here.


Newsletters by Year

News Coverage

Joint Venture's initiatives, publications, events and regional expertise receive frequent coverage in the national and local news media. Our staff is always available to comment on economic trends in Silicon Valley.

View news coverage.