Joint Venture Silicon Valley provides ANALYSIS, ACTION, LEADERSHIP

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Joint Venture Silicon Valley provides

ANALYSIS

ACTION

LEADERSHIP

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.

What's Happening Now

Silicon Valley Poll: Dismal outlook

October 3, 2022 – According to the just-released Silicon Valley Poll, nearly three out of four residents say their quality of life in the Bay Area has declined over the last five years, a concern that holds across all age, income, and education levels. The finding emerged from an exclusive poll by Joint Venture and the Bay Area News Group, which also found that respondents are more worried about crime, pessimistic about the regional economy, and are not yet ready to give up working from home. The poll, which surveyed 1,628 registered voters in the five core Bay Area counties, found that people are feeling gloomy about the Bay Area’s economy, with just 38% saying economic conditions are good or excellent.

Read the poll | Read the release

Bay Area leaders release report card on transit

September 22, 2022 - Seamless Bay Area and Joint Venture, along with several Bay Area civic groups jointly released a Transit Transformation 1-Year Report Card tracking the region’s progress toward integrating the region’s 27 transit systems.The report card shows a mixed record of progress toward transforming Bay Area transit. “BART just celebrated its 50th anniversary. I’m convinced that in order for it to not only survive, but actually thrive for another 50, it must seamlessly integrate with the rest of the Bay Area’s dozens of agencies, to create a truly rider-focused network.” said Russell Hancock, President & CEO of Joint Venture Silicon Valley. 

Read the release

Joint Venture Board elects new co-chair

October 2, 2022 – The Joint Venture board elected John Tenanes to its body as co-chair at their quarterly meeting. Tenanes, vice president of global facilities and real estate at Meta, succeeds Dave Wehner as co-chair of the board. Tenanes leads a team responsible for Meta’s physical workplace footprint for their Bay Area headquarters and facilities across multiple continents. Russell Hancock lauded the selection. "Dave Wehner gave remarkably to our board, and in his final act of service he helped us recruit another Meta superstar to take the reins,” he noted. “John Tenanes brings an amazing array of on-the-ground experience in the Bay Area getting things done, and he will bring that same instrumentality to Joint Venture.”

Read the release

Meet David Witkowski

October 1, 2022 - David Witkowski is a quiet yet purposeful leader who works at the intersection of wireless telecommunications and regional governments. His own career path has followed the path of technology itself, from early key punch cards to 5G mobile connectivity. As Executive Director of Joint Venture's Wireless Communications Initiative, David agilely interprets the most technical scenarios down to understandable elements to make concepts palatable for novices. David approaches challenges in a non-traditional way — and people listen. Spend any amount of time with David and you’re likely to learn information you had no idea you needed. He has made thoughtful and strategic choices with jobs and affiliations over the years to stay engaged with technology.

Read David's profile

Institute: Silicon Valley unemployment edges up to 2.3%

cover imageSeptember 16, 2022 – Silicon Valley’s unemployment rate grew slightly to 2.3% in August, a 0.2 percentage point increase from July. Employment levels rose by nearly 4,300 workers, as did the number of unemployed workers by almost 3,100 reaching the highest (34,400) since March (36,100), and nearly 7,700 more than the most recent low in May. Overall, employers have added more than 53,600 workers since the start of the year, and nearly 94,400 since August 2021, according to analysis by Joint Venture Silicon Valley’s Institute for Regional Studies. “Despite losing 2,100 jobs, the Professional and Business Services industry remains healthy in Silicon Valley,” said Ryan Young, Research Manager for BW Research and an affiliated researcher at the Institute.

Read the release

Q2 Commercial Space Report: Uptick in leases outpaces LY

Commercial Space 2022 Q2 report coverSeptember 6, 2022 - Through the first half of 2022, Silicon Valley’s commercial space indicators paint a complex picture through diverging trends, according to the latest analysis from Joint Venture Silicon Valley’s Institute for Regional Studies, in partnership with JLL Silicon Valley in their third-quarter. Leasing volume within the region showed a surprising uptick, slightly outpacing last year’s figures and running counter to increasing vacancy rates. The pandemic-period trend toward leasing of smaller spaces continued. Asking rents have plateaued despite outsized levels of inflation reported this year, indicating a reluctance for landlords to raise rents in order to remain competitive in the market.

Read the report

Silicon Valley Indicators

indicators home page Comprehensive information and data about the Silicon Valley ecosystem is always 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. Indicators are presented by the Institute for Regional Studies. Housed within Joint Venture Silicon Valley, the Institute provides data and analysis on issues facing dense metropolitan regions.

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:

Juniper logo Kaiser Permanente Santa Clara Medical Center logo city of Fremont 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.

Amazon Smile: Support Joint Venture while you shop

Amazon Smile logoJoint Venture is participating in the Amazon.com AmazonSmile program. Every time you shop at AmazonSmile.com, a portion of your sales (0.5%) goes to support our work. AmazonSmile is a simple and automatic way for you to support Joint Venture every time you shop, at no cost to you. When you shop at smile.amazon.com, you’ll find the exact low prices, vast selection, and convenient shopping experience as Amazon.com, with the added bonus that Amazon will donate a portion of the purchase price to support Joint Venture’s work in your community.

Support Joint Venture with Amazon Smile

The class, taken in the autumn quarter of my first year, was also a great way for me to realize my place in the region as a Stanford student. When I contacted leaders in influential spheres for a class project, they would treat me with respect and intrigue immediately after hearing the name of my institution. Months ago, I would have been a random teenager who could easily be brushed off, but Stanford gave me respect and recognition. As good as that felt, I also realized that I was observing and reporting these regional, people’s issues from a remote ivory tower that I had just moved to. I loved what I had seen so far, but it would take more time and investment to truly understand and become a part of this remarkable environment where I would be spending the next four years of my life (if not more).

So, when Russ invited my classmates and me to apply for the Benest Fellowship at Joint Venture, I was immediately interested. The fellowship was advertised as a more immersive and hands-on version of this already immersive and hands-on class, and it lingered in my mind for the rest of the school year. I made plans to take a light summer course-load at Stanford, riding the Caltrain to the San Jose office a few times each week. I daydreamed about the data I might collect, the events I might attend, the people I might meet, and the solutions I might contribute to. I imagined calm and sunny morning train rides, bustling afternoons in the capital of Silicon Valley, and peaceful sunsets over Stanford’s sandstone arches. 2020 was going to be an active summer of living and learning in the Valley, of further engagement with the community around my school.

Just as I was finishing up the draft of my application, COVID hit the Bay Area. As cases trickled in, Stanford began exercising precautions and sending students home. Many of my friends lamented the loss of their summer plans as internships and other opportunities were canceled. Concerned, I called Russ to ask if the fellowship would still be offered and if Joint Venture would still be doing business. He exuberantly responded that the fellowship was still up (though in a remote format), I was encouraged to apply, and that Joint Venture was busier than ever. The virus had shut many things down, but a think tank and incubation space for regional issues would be one of the last to go. Interested in this new possibility, I sent in my application and flew home to Denver, where I’ve spent the last three months.

I settled in back home, and after an incredibly slow month of lockdown and online classes, I was appointed to the fellowship. At the start of the summer, Russ began introducing me to the Joint Venture team through a series of Zoom meetings. I expressed my interests in data science and economics, and was quickly assigned related projects that had come to the organization in the age of COVID.

With the fellowship built to be mostly remote, my work actually wasn’t drastically different from what I had imagined: though I wasn’t riding into San Jose for meetings and seminars, I was still meeting interesting people in fields I want to work in and (less excitingly) doing grunt work to move projects along. The city budgets, spreadsheets, and Joint Venture PR I was hired to work with were all still waiting for me behind my computer screen. Like everything else in my life, the fellowship had found a way to adapt to the pandemic. Sure, just as online learning doesn’t bring the same experience and engagement as its in-person counterpart, this fellowship is probably hindered more than helped by its remote nature. But the experience of working to solve regional issues and work with regional leaders is still present for 2020 Benest fellows, and I’m largely optimistic for the summer to come.

About the Author

Lukas Lopez-Jensen is one of Joint Venture's 2020-2021 Benest Fellows.

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In The News

October 4, 2022 - (MarketWatch) - ‘The mood is dark’ — More than half of Silicon Valley residents still want to move away, poll finds: According to a new poll by Joint Venture Silicon Valley, 64% of those surveyed said the region is on the wrong track...More

October 3, 2022 - (San Francisco Standard) - Despite Housing Crisis, Bay Area Voters Are Split on a Big Build-Out of Homes, Poll Shows: voters are not solidly behind proposals to rapidly build more homes, according to a new poll by the Bay Area News Group and Joint Venture Silicon Valley. More

October 3, 2022 - (NBC Bay Area) - By the Numbers: Biggest Problems With Living in the Silicon Valley - NBC Bay Area’s Audrey Asistio spoke to Russell Hancock, CEO of Joint Venture Silicon Valley... More

October 3, 2022 - (Silicon Valley Business Journal) - Poll: 64% in new survey say Bay Area is on ‘wrong track’:  a new poll out Monday reveals that two-thirds of those who responded to the Joint Venture Silicon Valley survey said the region was on the "wrong track." More

October 3, 2022 - (Mercury News) - Build more housing to ease crisis? Poll shows how Bay Area residents resist: A new survey by the Bay Area News Group and Joint Venture Silicon Valley shows a solid one-third of the region’s residents oppose building significant quantities of new homes. More

October 2, 2022 - (Mercury News) - New poll shows doom and gloom in Bay Area, with one bright spot: Bay Area residents are finding a lot to be cheerless about these days, according to an exclusive poll by the Bay Area News Group and Joint Venture Silicon Valley. More

October 2, 2022 - (Silicon Valley) - Bay Area exodus: Residents still want out, new poll finds. Here’s who is most anxious to leave: A new survey found more than half (53%) of registered voters queried by the Bay Area News Group and Joint Venture Silicon Valley say they’re likely to move out of the region More

October 2, 2022 - (News Max) - Survey: Bay Area Residents' Exodus Plans Above 50 Percent for Second Straight Year - ...poll conducted by the Bay Area News Group and Joint Venture Silicon Valley, 53% of respondents said they're likely to move out of the region soon. More

September 29, 2022 - (StreetsBlog SF) - Election: Sustainable Transportation Advocates Survey Bay Area Candidates - They have published the responses. From Seamless Bay Area, which is hosting the results More

September 28, 2022 - (San Francisco Chronicle) - Total Transit final tally: 17 agencies, all 9 counties, 25 rides on an epic Bay Area transit journey: According to Seamless Bay Area, Dumbarton Express isn't actually one of the 27 Bay Area transit agencies. More

September 27, 2022 - (San Jose News Bulletin) - The report raises questions about the integration of public transport in the Gulf region: The Bay Area has more transit agencies than other large metro areas like Boston and Chicago, said Russell Hancock, CEO of Joint Venture Silicon Valley. More

September 26, 2022 - (San Jose Spotlight) - Report raises questions about integrating Bay Area public transit: ...according to a recent report—authored by Seamless Bay Area, SPUR, Bay Area Council, TransForm, Silicon Valley Leadership Group and Joint Venture Silicon Valley... More

September 22, 2022 - (San Francisco Chronicle) - Bay Area transit agencies pledged to make sweeping reforms during pandemic. Are they doing it?  The report card, by Seamless Bay Area, the Bay Area Council and other business and transportation advocacy groups [including Joint Venture], comes a year after transit leaders committed to those across-the-board changes. More

September 19, 2022 - (Mass Transit) - Can we ride all 27 Bay Area transit agencies in one day? Experts doubt it, but #TotalTransit2022 hopes to find out: Seamless Bay Area...seeks to turn the Bay Area's fragmented transit system into a world-class, widely used one. More

September 16, 2022 - (Mercury News) - Bay Area and California job markets slow in big way as economy wobbles: “Thank goodness for tech,” said Russell Hancock, president of Joint Venture Silicon Valley, a San Jose-based think tank. More

September 15, 2022 - (Financial Advisor iQ) - New York is the World’s Wealthiest City, Study Says: The Bay Area includes Silicon Valley, in which the wealthiest 25 percent of households hold 92 percent of the wealth, according to Joint Venture Silicon Valley More

September 12, 2022 - (StreetsBlog) - This Week: Megaprojects, AC Transit Board, BART Board - Join Seamless Bay Area, East Bay Transit Riders Union, Transport Oakland, SPUR, BikeEastBay, Streets for People, and East Bay YIMBY for a candidate forum. More

September 12, 2022 - (Mass Transit) - Where will BART take us 50 years from now? These simple quality-of-life measures are long overdue and will make it easier for people to ride BART... said Ian Griffiths, policy director for the Seamless Bay Area...More

August 22, 2022 - (Silicon Valley Business Journal) - Unemployment dips slightly in July while number of new jobs added is most in a year, study finds: Silicon Valley's unemployment rate dipped slightly in July, dropping 0.1% to hit 2.1% for the month, according to an analysis released Monday by the Silicon Valley Institute for Regional Studies. More

August 19, 2022 - (Mercury News) - Job boom: Bay Area, South Bay, California post big July hiring gains: “It’s important for our region to focus on the quality of the jobs and the quality of life we’re providing for our residents,” said Russell Hancock, president of Joint Venture Silicon Valley. More

August 17, 2022 - (StreetsBlogSF) - Op-ed: SB 917 Fails — Yet it Succeeds: Numerous collaborative meetings were held between transit agencies, Senator Becker’s office, and bill cosponsors, which included SPUR, Transform, Bay Area Council, Silicon Valley Leadership Group, and Joint Venture Silicon Valley. More

August 5, 2022 - (San Jose Spotlight) - Silicon Valley sees slight uptick in unemployment: A report by Joint Venture Silicon Valley shows unemployment rates increased by 0.4% in Santa Clara and San Mateo counties More

July 28, 2022 - (San Jose Spotlight) - How many jobs does it take to pay rent in San Jose? “There is no family who can sustain themselves on minimum wage...,” Rachel Massaro, vice president and director of research of Joint Venture Silicon Valley...More

July 27, 2022 - (Courthouse News Service) - Twitter the latest tech company to cut office in San Francisco, nixing plans to expand to Oakland: Russell Hancock, CEO of Joint Venture Silicon Valley, said...More

July 26, 2022 - (San Jose Spotlight) - Survey says San Jose #1 for millennials. Experts disagree.: A Joint Venture Silicon Valley report also found “shocking wealth disparity” with the top quarter of Silicon Valley earners ...More

July 26, 2022 - (Silicon Valley Business Journal) - Unemployment rose in Silicon Valley for the first time in five months: the jobless rate for the region including Santa Clara and San Mateo counties hit 2.2% last month from 1.8% in May according to the Silicon Valley Institute for Regional Studies. More

July 22, 2022 - (Mercury News) - Bay Area powers to biggest job gains in three months but California falters: Overall, the job trends in the Bay Area point to both hopeful and troubling signs for the region’s economy, said Russell Hancock, president of Joint Venture Silicon Valley...More

July 22, 2022 - (Silicon Valley Business Journal) - It Sure Ain't Worth What it Used to Be: ...small businesses is affected not just by government regulation, inflation or supply chain costs, but the health of the region's dominant tech industry, said Russell Hancock, CEO of Joint Venture Silicon Valley. More

July 21, 2022 - (California 18) - Silicon Valley: The Highest Paying Companies in the U.S. Region in 2021 - San Francisco Chronicle reported that according to an annual report by Joint Venture Silicon Valley, a non-profit company, it found that 25% of Silicon Valley’s population holds 92% of the region’s wealth. More