Joint Venture Silicon Valley provides ANALYSIS, ACTION, LEADERSHIP

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Joint Venture Silicon Valley provides

ANALYSIS

ACTION

LEADERSHIP

What's Happening Now

Institute: Individual donations to charity rebound

hand placing money in donation boxJuly 8, 2024 - An Institute examination of newly released IRS data show that individual donations to charity rebounded. Nearly a quarter of all Silicon Valley individual taxpayers and joint filers donate to charities. The dollar amounts of donations have doubled since 2019 and the share of Adjusted Gross Income donated rose by 1.5 percentage points. Statewide, a smaller share of individuals donate to charity and those who do donate less of their AGI.

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Joint Venture publishes Protecting California in the 21st Century: Public Safety in a Voice-over-IP and Over the Top World

cover imageApril 30, 2024 - Joint Venture released a comprehensive white paper highlighting crucial developments in the state’s telecommunications landscape and which emphasizes the necessity for updating California’s outdated public safety strategies to align with modern technologies and provide more effective response during emergencies and disasters. Protecting California in the 21st Century encourages a forward-looking and market-aware approach to emergency communications, including 9-1-1 emergency services.

Read the news release | Read the white paper

Meet Rebecca Unitt

July 8, 2024 - In the vibrant coastal enclave of Santa Cruz, where the Pacific breeze mingles with entrepreneurial spirit, Rebecca Unitt leads the charge as the Economic Development Manager for the City of Santa Cruz. Her journey epitomizes dedication to public service and positive change. Working at the nexus of urban planning and community empowerment, Rebecca served in 2023 as chair of Joint Venture’s Silicon Valley Economic Development Alliance. Growing up, Rebecca excelled at competitive Irish step dancing and danced at the World Championships in Scotland and Ireland and ranked eleventh in all North America. 

Read Rebecca's profile

Research Brief: Expanding the Behavioral Health Workforce Pipeline in Santa Clara County

report cover imageJuly 8, 2024 - The Silicon Valley Institute for Regional Studies released Expanding the Behavioral Health Workforce Pipeline in Santa Clara County with research that benchmarks the status of the existing local behavioral health workforce and identifies roadblocks and priorities for pipeline expansion and local retention.“I am committed to continuing the conversation about effective behavioral health workforce expansion strategies...,” says Susan Ellenberg.

Read the brief

2024 Silicon Valley Index: Record-high $14.3 trillion market cap as income gaps, layoffs, & adjustments signal recalibration

cover imageFebruary 28, 2024 – Joint Venture Silicon Valley's Institute for Regional Studies today released the 2024 Silicon Valley Index, revealing that the region achieved an unprecedented market cap of $14.3 trillion. This milestone comes as the regional economy demonstrates resilience despite growing income and wealth divides, coupled with persistent housing challenges for residents. The data confirms the region's economic health and continued growth. “We may not be booming, but we’re still growing,” said Russell Hancock, CEO of Joint Venture. “We’re a region built on creative destruction and re-invention.”

Download the Index | Read the news release 

Read news coverage of the Index

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.

What is Joint Venture Silicon Valley?

Established in 1993, Joint Venture provides data and analysis on issues affecting the Silicon Valley economy and quality of life. The organization convenes established and emerging leaders—from business, government, academia, labor and the broader community—to spotlight issues, and work collaboratively toward innovative solutions.

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$300,000 Applied Materials grant supports regional program to connect climate protection with economic growth

Comprehensive “Greenprint” Unveiled at State of the Valley Conference

San Jose, Calif. | February 20, 2009 – Joint Venture: Silicon Valley Network today launched a major regional Climate Prosperity initiative with the announcement of a $300,000 grant from leading solar and semiconductor equipment manufacturer Applied Materials.

In connection with the initiative, Joint Venture also released a “Greenprint for Silicon Valley” – a comprehensive strategy for reducing greenhouse gas emissions while growing the local economy and enhancing quality of life.

Joint Venture unveiled the Climate Prosperity project before 1100 regional leaders at its annual State of the Valley conference in San Jose with the premise that the climate crisis is an opportunity to build new industry clusters, create new classes of jobs at all income levels, and grow the economy while protecting the environment and improving the region’s long term sustainability and competitiveness.

“Climate change naysayers are arguing that protecting the climate is too expensive and will seriously harm the global economy,” said Russell Hancock, CEO of Joint Venture. “We say they are wrong. In fact, the reverse is true. The rapid growth of a strong clean and green sector in Silicon Valley over the last few years already proves the point.

“Joint Venture is convening our region’s most innovative minds and creative leadership organizations to create a model for a new path to global sustainability. We are enormously grateful to Applied Materials for its generous support of this important program.”

"Energy and the environment are two of the greatest social and engineering challenges of our time and what better place to tackle those challenges than right here in Silicon Valley," said Charles Gay, President of Applied Solar. "Applied Materials is proud to play a lead role with Joint Venture on this innovative project that has the potential to create new, clean jobs and businesses here in the valley.”

The strategy outlined in the Greenprint connects local clean and green companies to local markets through specific projects focused on reducing greenhouse gas emissions. Projects will fall into four categories: renewable energy, building efficiency, clean, convenient transportation and energy infrastructure. Each project will be a partnership of local businesses with enabling organizations such as local government agencies, workforce training programs, utilities, and financial institutions.

Project success will be measured on four dimensions: financial savings, growth of clean and green tech enterprises, growth in jobs, and reduction in greenhouse gas emissions.
The Climate Prosperity Project is a new national initiative by the Rockefeller Brothers Fund and Global Urban Development, a collaborative that brings together leaders in economic development and urban planning from across the country – scholars, professionals, business executives, public officials, civic and religious leaders, and community activists – to find new, innovative, and practical solutions for the world's urban problems.

They selected Silicon Valley as one of seven pilot regions in the nation to demonstrate the positive connection between climate protection and economic development. The other regions are the state of Delaware, metropolitan Denver, metropolitan St. Louis, Southwest Florida, King County/Seattle and Montgomery County, Maryland.

To develop a strategy that fits with the economic, technological, and leadership strengths of Silicon Valley, Joint Venture formed a working group of business executives, government officials and community leaders. The working group is co-chaired by San Jose Mayor Chuck Reed and California Managing Director of Accenture Chris DiGiorgio, who also serve as co-chairs of the Joint Venture board of directors.

The working group includes representatives from Applied Materials, Google, UC Santa Cruz, Pacific Gas and Electric Company, Akeena Solar, Real Goods Solar, Cypress Envirosystems, McKinsey & Company, Berliner Cohen, CalCars and the cities of San Jose and Cupertino.

The working group teamed with prominent Mountain View economic research firm Collaborative Economics, Inc. to publish the Greenprint as a framework for the initiative. Next steps include formation of a Silicon Valley Climate Prosperity Council of leaders from business, government, academia, labor and community organizations to lead the development of specific projects.

In The News

July 5, 2024 - (Barron's) - This Little-Noticed Nonprofit Takes in Billions From Silicon Valley’s Wealthy Elite: According to a new report by Joint Venture Silicon Valley More

July 1, 2024 - (The Messenger) - Majority of San Francisco Residents Steer Clear of Downtown Due to Homeless, Crime: ‘Mood is Bleak’: according to the results of a recent poll sponsored by the Bay Area News Group and regional think tank Joint Venture Silicon Valley More

June 27, 2024 - (Kilgore News Herald) - APUS Appoints Dr. Papazian to Board of Trustees: She also has served as board member of AAC&U, APLU, NCAA Board of Governors, Bay Area of Council, Joint Venture Silicon Valley... More

June 23, 2024 - (Marin Independent Journal) - San Jose rolls through open streets for Viva CalleSJ: The Silicon Valley Institute for Regional Studies reported that 12.5% of citizens in Santa Clara County used bicycles as a method of transportation in early 2020. More

June 21, 2024 - (Mercury News) - Job boom returns to Bay Area and California as hiring surges in May: “May’s job growth is in line with our longtime understanding of Silicon Valley,” Russell Hancock said. More

June 17, 2024 - (Press Democrat) - Witkowski and Ghilarducci: The future of emergency response is digital - Opinion: In a fire, flood or other crisis, emergency responses are better served by digital communications than landline phones. More

June 3, 2024  - (KCBS Radio) - Need is "greater than ever" to donate to local non-profits in Silicon Valley: Joint Venture CEO, Russell Hancock, interviewed  More

June 3, 2024 - (Tech Wire) - Tom Snyder: Entrepreneurship is everywhere: The Silicon Valley Institute for Regional Studies reports that 749 new startup businesses were created in the region in 2023. More

June 2, 2024 - (Silicon Valley) - San Jose drops another spot down the list of most populous U.S. cities: Early growth was largely due to “smoke and mirrors,” according to Hancock [CEO of Joint Venture], by annexing whole cities. More

May 31, 2024 - (Silicon Valley) - Crowded housing conditions, racial inequalities: “We have some high flyers and we have some people that are barely getting by,” said Russell Hancock, CEO of Joint Venture Silicon Valley More

May 31, 2024 - (MSN) - Crowded housing conditions, racial inequalities detailed in Morgan Hill report: we have some people that are barely getting by," said Russell Hancock, CEO of Joint Venture Silicon Valley More

May 23, 2024 - (Asian Journal) - PCGSF Gets Insights From 10th Annual Silicon Valley Briefing At Stanford: Russell Hancock, president and CEO of Joint Venture Silicon Valley and an adjunct Professor at Stanford University’s Public Policy Program, provided a presentation More

May 17, 2024 - (Del Norte Triplicate) - Board continues cell tower appeal pending location of alternative site: Joint Venture Silicon Valley report confirms no impact on property values. More

May 17, 2024 - (Mercury News) - Bay Area and California add jobs in April — but the gains are puny: “Our economy is in the throes of a transition...” said Russell Hancock, president of Joint Venture More

May 15, 2024 - (Morgan Hill Times) - City of Morgan Hill will host May 30 Economic Mobility Symposium: This data is consistent with the 2024 Index by Joint Venture Silicon Valley More

May 15, 2024 - (Mercury News)  Tech job cuts ease a bit in Bay Area as industry layoffs haunt region: Long-term outlook of the region’s economy and technology industry remain healthy, according to Russell Hancock, president of Joint Venture Silicon Valley, a San Jose-based think tank. More

May 14, 2024 - (KCBS) - New proposal could help Santa Clara Co. residents secure quality Internet access: David Witkowski, ED of Joint Venture's Civic Tech inititiative is interviewed about internet access. More