July 23, 2021 - Mo Shakouri, director of Joint Venture's community broadband initiative will moderate a panel of experts on July 27 when the Wireless Communication Alliance hosts Broadband in Underserved Rural Areas. The event will focus on broadband deployment in rural areas. Broadband is critical in developing and deploying innovative solutions, like precision agriculture, education, health, cleaner energy, self-driving vehicles, and much more. According to the FCC, 22.3 percent of Americans in rural areas and 27.7 percent of Americans in Tribal lands lack coverage from fixed terrestrial 25/3 Mbps broadband.
July 21, 2021 - Joint Venture has announced the appointment of Quency Phillips as executive director of the new Building Back Better initiative. The effort is providing backbone support to a variety of recovery initiatives that are working to reduce the stark inequities magnified by the pandemic. Phillips most recently led community engagement for Google Development Ventures’ $15B Silicon Valley development portfolio.
“Quency comes to Joint Venture at a critical time for the region,” said Joint Venture CEO Russell Hancock. “He is passionate about opportunity and devoted to community.”
July 21, 2021 -Palo Alto's City Council voted June 22 to allow three additional wireless communication facilities, a move that will improve connectivity for Palo Alto residents. The decision capped a permitting process that lasted more than one year.
Joint Venture CEO Russell Hancock urged the Council’s action in a June 19 editorial in the Palo Alto Weekly. “The city’s policies need to reflect current realities and set reasonable siting standards that contribute to, not impede, our access to information,” he wrote.
July 16, 2021 - Even as Silicon Valley’s market cap doubled, employment growth stalled with an increase in the unemployment rate from 4.6% in May to 5.1% in June, according to analysis by Joint Venture’s Institute for Regional Studies. Similar upticks occurred across all 58 California counties, as the state unemployment rate overall rose by 0.5 percentage points month-over-month.
While Silicon Valley’s UR also ticked up last month, it was primarily driven by Santa Clara County—with more than 1,400 job losses and an additional 4,400 unemployed.
July 19, 2021 - Joint Venture’s Building Back Better initiative is conducting a survey and needs help from the community. The information gathered will provide a robust resource for stakeholders and help to map recovery opportunities. The database will help to inform funders and regional leaders on how to plan and budget for what is ahead by understanding the overall recovery, the resource allocation, and the inter-relationship of organizations.
July 19, 2021 – Joint Venture Silicon Valley today has published Economic Impacts to Residential Real Estate from Small Wireless Facilities. The study, focused on whether objective evidence in real estate sales records show residential real estate valuation impacts from small wireless facilities or “small cells,” concluded that small cell facilities do not have an appreciable effect on nearby property valuations. It was authored by David Witkowski, executive director of Joint Venture’s civic technology initiative and Ralph B. McLaughlin, chief economist and senior vice president of analytics at Haus.com.
July 15, 2021 — The Silicon Valley and San Francisco aggregate market cap has more than doubled, rising from $5.5 trillion to more than $12.6 trillion since spring of 2020, according to the Joint Venture's Institute for Regional Studies.
“It’s important to get a sense of the makeup of our region’s public companies and how well they’re doing on the market – they’re not only large contributors to our GDP but also some of our major employers,” said Institute Director of Research, Rachel Massaro.
July 19, 2021 - At the tender age of 12, Lily Mei was coding software. But when a teacher accused her of not actually being the author of a particular program, he ignited in her a competitive edge that continues to burn brightly. She has no qualms about going against the grain, taking a firm stand, and inviting others to work together.
Today, Fremont Mayor Mei is the first elected woman and Asian American mayor in the city’s 65-year history. It’s an important milestone considering that more than half the residents of Fremont are of Asian ancestry and that Asian Americans are the fastest-growing racial or ethnic group of eligible voters nationwide.
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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.
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:
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.