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 unemployment rate holds at 2.1%

cover imageNovember 18, 2022 – The unemployment rate in Silicon Valley held firm at 2.1% in October, identical to the rate in September. Overall employment in the region increased by nearly 1,500 workers, while the number of unemployed people decreased by just over 600. The total labor force in Silicon Valley increased by almost 2,200 from mid-September to mid-October, erasing most of the drop from the previous one-month period. The total labor force is now 14,500 below the previous high in February 2020 and includes approximately 89,600 more individuals than the pandemic low of 1.42 million in May 2021.

Read the release

Joint Venture board elects Supervisor Susan Ellenberg Co-Chair, adds new members

November 18, 2022 - Joint Venture's board of directors elected Santa Clara County Supervisor Susan Ellenberg as Co-Chair at their quarterly meeting. Ellenberg succeeds Nicole Taylor, CEO of Silicon Valley Community Foundation and joins Co-Chair John Tenanes, Vice President of Global Facilities and Real Estate at Meta. The board also elected Lisa M. Bowman, employment attorney at Orrick; Gina Dalma, Executive Vice President, Community Action, Policy, and Strategy at Silicon Valley Community Foundation; and Julie Sullivan, President of Santa Clara University.

Read the release

Institute: Stock market tracker offers regional trading trends

December 5, 2022 - Joint Venture’s Silicon Valley Institute for Regional Studies has unveiled the Silicon Valley and San Francisco Public Company Stock Tracker, an innovative source of information about 327 Silicon Valley and 94 San Francisco publicly traded companies. “I’m excited to launch this market tracker that allows the public to toggle a start date and see how our region’s company market performance compares to key market indices,” said Rachel Massaro, vice president and director of research.

Go to the tracker

Institute: the benefits of universal preschool in Santa Clara County

report coverDecember 5, 2022 - Joint Venture’s Institute for Regional Studies conducted a research study supported by a grant from the County of Santa Clara through Supervisor Susan Ellenberg. Eliminating the Burden of Preschool Costs, Modeling the Impacts of Universal Preschool on Family & Community Wellbeing shows that a universal preschool program would benefit the families of preschool-aged children, would increase overall household self-sufficiency and would provide benefits to the community as a whole.“The pages of this report model what would happen if publicly-funded preschool and after-school care were available to every child under the age of five in Santa Clara County,” says Russell Hancock, CEO of Joint Venture. 

Read the Study

Michelle Qiao empowers through poetry

December 5, 2022 - Michelle Qiao, Santa Clara County’s Vice Youth Poet Laureate, presented a moving poem of her own creation at the Silicon Valley Poll Briefing on October 4. The poem, entitled Golden Gate, evoked the power of the Pacific Ocean and surrounding environs as a metaphor for community engagement. A student at Leland High School, Michelle has been recognized by the National Young Arts Foundation, the Scholastic Writing Awards, the New York Times, PBS, the Lincoln Center for the Arts, American High School Poets, and Broadway World. 

Watch Michelle’s presentation

Meet Ernesto Lucero

December 3, 2022 - Ernesto Lucero is acting deputy director for economic and community development for the City of South San Francisco. He believes in the power of collaboration for the betterment of the community. The City of South San Francisco, often called South City, has a population of about 67,000, boasts more than 250 biotech companies accounting for about 30% of the city’s jobs, it’s known as the Birthplace of Biotechnology. Ernesto will soon complete his term as chair of Joint Venture’s Silicon Valley Economic Development Alliance (SVEDA), a consortium of 25 city and county economic development professionals who bring together public and private resources to ensure the success of regional businesses.

Read Ernesto's profile

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:

Sobrato Development Companies logo South Bay Piping logo Silicon Valley Clean Energy 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

2019 State of the Valley Program

7:00 am

Enjoy Music and Breakfast

Enjoy breakfast and music by the San Jose Jazz High School All-Stars. Visit the booths and exhibits.

Music provided courtesy of Therma.

8:00 am

Welcome, Conference Overview

  • Honorable SAM LICCARDO
    Mayor, City of San Jose
    Co-Chair of the Board, Joint Venture Silicon Valley
  • MATT MAHAN
    CEO, Brigade
    Co-Chair of the Board, Joint Venture Silicon Valley

8:15 am

The Stanford Children's Health
BREAKFAST BRIEFING

Silicon Valley’s Annual Check-up: A Briefing on the 2019 Index

The Index has been telling the Silicon Valley story since 1995. The indicators measure the dynamism of our economy and the health of our community, highlighting challenges and providing an analytical foundation for decision making.

  • Russell Hancock
    President & Chief Executive Officer, Joint Venture Silicon Valley
    President, Silicon Valley Institute for Regional Studies

9:00 am

BREAK - Enjoy a coffee break while you network, listen to the San Jose Jazz High School All-Stars, and visit the Exhibitor tables.

Music provided courtesy of Therma.

9:15 am

The Applied Materials
PATHBREAKERS FORUM

The Bay Area in 2070

For generations Silicon Valley and the greater San Francisco Bay Area have been the envy of the world, because of our region’s economic dynamism and vibrant quality of life. But today we’re socked with the nation’s highest housing prices, debilitating congestion, growing income inequality, continuous natural disasters, and a host of other forces that threaten our well-being.

How shall we plan for our future? What do we want the Bay Area to look like in 50 years? What actions should we be taking now that will make us more high-functioning, more inclusive, more equitable, and more resilient all while continuing to grow our economy?

In this session, Joint Venture will share the stage with SPUR, an organization engaged in a long-term scenario planning process for the region. SPUR planners will present those scenarios, and Joint Venture CEO Russell Hancock will engage them in conversation about the structural changes that must occur in order to win our future.

  • Alicia John-Baptiste
    Interim CEO
    SPUR
  • Egon Terplan
    Regional Planning Director
    SPUR
  • Russell Hancock (moderator)
    President & Chief Executive Officer, Joint Venture Silicon Valley
    President, Silicon Valley Institute for Regional Studies

This session is brought to you in partnership with SPUR.

10:00 am

BREAK - Enjoy a coffee break while you network, listen to the San Jose Jazz High School All-Stars, and visit the Exhibitor tables.

Music provided courtesy of Therma.

10:15 am

The Microsoft
THOUGHT LEADERS FORUM

Silicon Valley and the Fourth Industrial Revolution

The world is on the precipice of a fourth industrial revolution, one driven largely by Silicon Valley innovators. The first revolution was marked by steam-powered engines that transformed agricultural society into industrial and urban life; the second harnessed electricity and introduced mass production. The third unfolded here in Silicon Valley, powered by computing to usher in the digital age. The fourth is conceivably the most disruptive of all, and it too emanates from Silicon Valley: artificial intelligence, robotics, the Internet of Things, autonomous vehicles, quantum computing, materials science, and the convergence of IT with bio- and nanotechnology. The lines are blurring between the physical, digital and biological spheres.

This fourth revolution can improve the quality of living and fuel rapid economic growth. Consider how computer vision is making medical diagnoses more accurate; machine translation is making it easier for ideas to cross language barriers. Yet what of the millions who face job insecurity as automation rapidly evolves? How can new regulatory frameworks be created to avoid amplifying prejudice and inequality? How can we shape the risks and rewards so that these emerging technologies serve humanity?

In a session organized under the leadership of the Computer History Museum, three of the world's leading practitioners and interpreters of this revolution will chart the future and explore the ramifications.

  • Murat Sömnez
    Managing Director
    World Economic Forum
  • Fei-Fei Li
    Professor of Computer Science
    Co-Director, Human-Centered Artificial Intelligence Institute
    Stanford University
  • Shannon Vallor
    Regis and Dianne McKenna Professor, Department of Philosophy
    Santa Clara University
    Artificial Intelligence Ethicist/Visiting Researcher
    Google
  • Dan’l Lewin (moderator)
    CEO
    Computer History Museum

This session presented with generous support and leadership from the Computer History Museum.

11:00 am

The SiliconSage Builders
BEST PRACTICES SYMPOSIUM

What Can Silicon Valley Learn from Los Angeles?

Greater Los Angeles has 10 million people living in a 4,000 square-mile basin that has long been known as the ultimate car-centric region. But in 2016 Angelenos united behind the boldest infrastructure initiative in American history, a sweeping $120 billion plan to build 100 miles of new rail systems, dramatically swell the bus fleet, and invest in futuristic modes of transit. Los Angeles is also confronting its homelessness crisis through unprecedented regional alliances, addressing income inequality by raising the minimum wage and creating record numbers of jobs.

Californians are quick to point out the cultural and other difference between the Bay Area and Los Angeles, when in fact the two regions share largely similar challenges. Recently, however, Los Angeles has united behind a bold new vision for their region and they are taking decisive action—more decisive, it would seem, than the Bay Area. What lessons can we learn from their experience?

  • The Honorable Eric Garcetti
    42nd Mayor, City of Los Angeles

11:30 am

BREAK - Enjoy a coffee break while you network, listen to the San Jose Jazz High School All-Stars, and visit the Exhibitor tables.

Music provided courtesy of Therma.

11:45 am

The Accenture
LEADERSHIP LECTURE

Keynote Presentation
Silicon Valley and the National Scene

The conference concludes with an examination of Silicon Valley in the broader national context. Pulitzer Prize-winning author Jon Meacham will examine the present moment in America’s politics and bring historical context to the issues and events that are dividing us as a nation.

  • Jon Meacham
    Presidential Historian and Author, The Soul of America: The Battle for Our Better Angels

12:30 pm

Adjournment

In The News

December 5, 2022 - (Mercury News) - Bay Area tech workers react to layoff axes with shock, and ‘more pain’ is coming: ...with think-tank Joint Venture Silicon Valley in February reporting that “Silicon Valley’s innovation engine is red hot” and tech was leading a return in employment to pre-pandemic levels. More

December 4, 2022 - (NBC) - What Do the November Job Numbers Mean Following Rash of Tech Layoffs? Joint Venture Silicon Valley CEO Russell Hancock called the tech layoffs more of a correction after a massive hiring spree... More

December 4, 2022 - (Mercury News) - Empty pews: How COVID changed the way the Bay Area worships - ...residents say they still aren’t going to their spiritual centers as often as they did before COVID struck, according to an exclusive poll by the Bay Area News Group and Joint Venture Silicon Valley. More

December 4, 2022 - (San Francisco Chronicle) - Bay Area transit agencies project doomsday scenarios. Seamless Bay Area transit advocacy group, said a mega ballot measure could be successful if it also brings transformative improvements for riders...More

November 30, 2022 - (Fast Company) - Looming recession? Some Silicon Valley executives say bring it on: Silicon Valley Institute for Regional Studies, says that, incidentally, Silicon Valley’s biggest tech companies added about 68,000 new jobs between 2020 and 2021. More

November 29, 2022 - (MarketWatch) - ‘It was not sustainable or real’: Tech layoffs approach Great Recession levels - “Silicon Valley has cycles,” said Russell Hancock, CEO of Joint Venture Silicon Valley. More

November 21, 2022 - (Mercury News) - More than 6,000 tech and biotech job cuts roil Bay Area economy: “Tech layoffs are happening. People are being affected, lives are being disrupted,” said Russell Hancock, president of Joint Venture Silicon Valley...More

November 20, 2022 - (Silicon Valley) -  Doomsday scenario for sinking Bay Area transit: “People don’t understand the transit system is so close to collapse,” said Ian Griffiths, who heads Seamless Bay Area... More

November 20, 2022 - (Mercury News) - Sunnyvale community briefs: Joint Venture Silicon Valley’s Silicon Valley Index that shows nearly 20 percent of Silicon Valley households have zero or negative assets...More

November 20, 2022 - (CBS) - Chaos continues to reign at Twitter following Musk ultimatum, worker exodus: You're not only losing your job, you're being deported," said Russell Hancock, president and CEO of Joint Venture Silicon Valley. More

November 19, 2022 - (Mercury News) - Opinion: Plan B: Bay Area must tap tech wealth to survive - ...per Joint Venture Silicon Valley, the entire household savings of the Valley plus San Francisco, excluding peoples’ homes, is only $750 billion. More

November 18, 2022 - (Mercury News) - Bay Area soars to big October job gains — but tech layoffs loom: “What the tech sector is experiencing right now should probably be seen as an adjustment,” said Russell Hancock, president of Joint Venture Silicon Valley...More

November 17, 2022 -  (Richmond Confidential) - Why has program to help people buy homes in San Pablo gone unused? A recent survey conducted by the Bay Area News Group and Joint Venture Silicon Valley found...More

November 14, 2022 - (Mercury News) - Billionaires gone wild: Musk, Zuckerberg slash jobs, roll dice with future of Bay Area tech icons - Russell Hancock, CEO of Joint Venture Silicon Valley, sees the ups and downs of Musk and Zuckerberg in a historical context. More

November 11, 2022 - (KCBS Radio) - Twitter's revenue drop fuels bankruptcy talk: Russell Hancock comments on changes at Twitter. More

November 9, 2022 - (Silicon Valley) - Massive tech company layoffs may jeopardize Bay Area jobs rebound: “These tech layoffs could affect other companies,” said Russell Hancock, president of Joint Venture Silicon Valley...More

November 7, 2022 - (Victoria Advocate) - Twitter lays off about 900 in Bay Area after Elon Musk takeover: official state report: “This isn’t the Silicon Valley way,” said Russell Hancock, CEO or Joint Venture. More

November 7, 2022 - (Silicon Valley) - Widening tech, biotech job cuts could jolt broader Bay Area economy: experts: “Tech had a bonanza during the pandemic,” said Russell Hancock, president of Joint Venture Silicon Valley...More

November 5, 2022 - (Mercury News) - Twitter lays off about 900 in Bay Area after Elon Musk takeover: official state report: Russell Hancock, president of civic nonprofit Joint Venture Silicon Valley, said...More

November 3, 2022 - (Cupertino Today) - City of Los Altos Election Roundup: Catherine Vonnegut...served on the Joint Venture Silicon Valley Network Disaster Preparedness Initiative. More

October 21, 2022 - (Mercury News) - Bay Area loses jobs in September, California gains slow to a crawl: “There might be folks ready to say the sky is falling, and that’s certainly one possible interpretation,” said Russell Hancock, president of Joint Venture Silicon Valley...More

October 21, 2022 - (Silicon Valley Business Journal) - Silicon Valley's unemployment rate dipped to 2.1% in September: according to the report released Friday by Joint Venture Silicon Valley's Institute for Regional Studies. More

October 21, 2022 - (MarketWatch) - 'Mass layoffs' of Meta bus drivers lead to pleas for Facebook to bring workers back to the office: According to a Joint Venture Silicon Valley survey of eight large tech companies in 2019...More