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.
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.
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.”
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.
September 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.
September 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.
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.
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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.
Joint 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.