Joint Venture Silicon Valley provides ANALYSIS, ACTION, LEADERSHIP


Joint Venture Silicon Valley provides




What is Joint Venture Silicon Valley?

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

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What's Happening Now

Joint Venture board adds Brent C. Harris, Meta

November 21, 2023 – The Joint Venture board of directors elected Brent C. Harris to its body. Harris is VP of Augmented Reality at Meta. Harris is focused on how to build the next mobile computing platform for people and businesses across the globe and was named an “expert in international regulation” by Wired.  “I am enthusiastic about taking on this role at Joint Venture to contribute towards tackling crucial economic and societal challenges in Silicon Valley and to help grow the organization," said Harris.  

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Opinion: CPUC needs to move comms network into 21st century

old telephoneNovember 27, 2023 - In an opinion piece in the Mercury News, David Witkowski, Joint Venture's, Executive Director of Civic Technologies, says the California Public Utilities Commission seems to be hesitating and giving undue consideration to people opposed to technical progress. " is being held back by a minority of naysayers who are opposed to technical progress. It’s time for the commission to move our state’s communications network forward to the 21st century."

Read the op-ed

Institute: GBI modeling shows impact for Santa Clara County families

coverNovember 20, 2023 - Joint Venture’s Institute has completed a report in partnership with the University of Washington School of Social Work, Center for Women’s Welfare which models guaranteed basic income (GBI) scenarios. Supported by a 2022-23 grant from the County of Santa Clara with additional support from Silicon Valley Community Foundation, Modeling Guaranteed Basic Income & Household Income Adequacy in Santa Clara County examines how GBI programs can help move families out of poverty and into economic security.

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Institute offers a look at Silicon Valley’s “hot” housing markets using mobile data

coverNovember 27, 2023 - With one of the highest priced housing markets in the country, Silicon Valley’s median home sale price shot up to an all-time high of $1.53 million in 2022. The hottest Silicon Valley housing markets this summer were Sunnyvale, Santa Clara, and Fremont. Is demand changing the demographics within those sub-regional areas? Joint Venture’s research arm, partnered with Unacast to tap into aggregated mobile device location data. The analysis offers zip-code-level insights on characteristics ranging from age to poverty rate to migration patterns. 

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Institute: Mapping change in regional nonprofits

coverNovember 27, 2023 - Joint Venture’s Institute for Regional Studies, recently joined with the Silicon Valley Council of Nonprofits and Thrive Alliance to produce A Landscape of Change and Impact, a report on issues confronting nonprofits in San Mateo and Santa Clara Counties. The groups produced the report to support the nonprofit community and its partners by offering an overview of organizational health, workplace practices, racial justice and equity, and strategic alliances.

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Meet Barry Vesser, The Climate Center

November 27, 2023 - Carl Sagan once said, “Anything else you’re interested in is not going to happen if you can’t breathe the air and drink the water. Don’t sit this one out. Do something." Barry Vesser, COO of the Climate Center, has taken this sentiment to heart. Barry leads The Climate Center’s program and policy development and implementation teams. Barry moved around a great deal as a young man and served in the Peace Corps in the Philippines where he was inspired by the sense of community and kindness that was expressed by people of modest means. 

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Save the Date: 2024 State of the Valley Conference, March 1

logoNovember 20, 2023 - Mark your calendar now for the 2024 State of the Valley Conference to be held Friday, March 1 at San Jose State University. Count on the most recent data on the state of the Bay Area and illuminating analysis by experts who will break down the numbers.

Silicon Valley Indicators

indicators home page Comprehensive information and data about the Silicon Valley ecosystem is always available at

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.

2004 Silicon Valley Index cover Statement by Russell Hancock, president and CEO, Joint Venture: Silicon Valley Network

San Jose, Calif, January 19, 2004 - By all accounts, the burning question about Silicon Valley – will it come back from the rubble of the bubble -- has been answered: Yes, but the Valley will look different, and we must invest in the skills of our people to prepare for new jobs.

We are poised for another recovery in a long history of economic rebounds in our dynamic region sparked by underlying innovative strength from a creative and determined population and business community.

The data in the 2004 Index of Silicon Valley, released today by Joint Venture, says that after three painful years, “we are now seeing the early signs of yet another Silicon Valley reinvention”. Although it is slower than we would like it to be, we are seeing clear evidence that the Valley’s future is taking shape.

But now there is another question: a comeback to what?

While job loss has slowed, changes are taking place in the structure of our region’s economy from dominance in information technology to new industries. In particular, the Index finds that “employment gains are taking place in some high-wage occupational clusters, employment is growing in the Health Services cluster, and the Biomedical cluster is becoming more concentrated in Silicon Valley than in the nation.”

Employment in the high-wage occupational clusters in Silicon Valley, the Index reports, is 25% of our total employment compared to 13% nationally. In our most concentrated clusters, average wages are more than $80,000. And our higher skills give us comparative advantage over other regions.

A Special Analysis in this year’s Index examines “the unique and changing occupational structure of our Valley.” It describes how we compare to the nation, what occupational clusters are growing and declining here, what makes this structure unique, and how our occupational clusters have shifted over time.”

We need, therefore, to understand what our occupational changes mean for future jobs; prepare our workforce for these occupations to stay competitive in the global economy; recognize the importance of career progression from low-level to mid-level to high-level occupations; and help the workforce to make the transition.

Four occupation groupings are highly concentrated in Silicon Valley relative to the U.S., the Index reports. These are innovation R&D; professional services; headquarters; and technical production.

Another six groups are not as highly concentrated but important: administration; installation, repair and production; sales, marketing and distribution; health and human services; education and training; and personal services.

The Index makes clear that we also have significant employment with mid-level wages. The Special Analysis concludes that our region “is not a two-tiered hourglass economy with high-wage research and professional services and low-wage personal services. Our region also has a majority of employment in mid-wage occupational groupings.”

To promote an innovative economy in the future, our region will need to broaden prosperity by retraining our existing workforce to transition to higher-skilled jobs. Our global competitiveness will depend on investing in the skills of our people.

There are other challenges, as well, and Joint Venture announced four Initiatives last fall to address several of them.

One is designed to help sustain our economic recovery. We must have structural reforms in the state’s budget process to provide a strong foundation and a healthier business climate for more good jobs, broader individual prosperity, and a better quality of life. We must seize this moment to make basic changes in our government, which can help maintain our environment for innovation and entrepreneurship.

To this end, Joint Venture has joined with the Bay Area Economic Forum to pursue a non-partisan, Bay Area effort in Sacramento providing a community-wide voice involving leaders from business, labor, education, community organizations, and local government. We want to promote the idea of working together to find solutions and not engage in finger pointing or pushing narrow agendas.

The other initiatives were organized to help accelerate the convergence of biotechnology, information technology and nanotechnology; expand the use of information technology to improve health, education and transportation; and build relationships among technology leaders in Silicon Valley and other regions of the world for mutual economic benefit.

In The News

December 1, 2023 - (Business Observer) - Does Tampa Bay have a shot at being a hub for tech business? A 2021 report by Joint Venture estimated 500,000 tech workers live in Silicon Valley. More

November 25, 2023 - (Marin Independent Journal) - Opinion: [The CPUC] should stop requiring that telephone companies maintain antiquated systems More

November 21, 2023 - (CP & DR) - News Briefs: A recent poll sponsored by the Bay Area News Group and Joint Venture Silicon Valley shows that Bay Area voters are hesitant to support subsidies for commuter rail More

November 17, 2023  - (Silicon Valley) - Bay Area and California job markets bounce back with October gains: “We’re still in a period of consolidation,” said Russell Hancock, president of Joint Venture Silicon Valley More

November 17, 2023 - (Mercury News) - Letters: Landlines still have much to offer - I found David Witkowski’s article not very credible. More

November 16, 2023 - (Business Insider) - A boomer moved from Silicon Valley to a small city in Texas' Hill Country. ...a study by Joint Venture Silicon Valley released in October found More

November 16, 2023 - (San Jose Spotlight) - San Jose aviation director turns in his wings: He currently serves on the board of directors for Joint Venture Silicon Valley More

November 15, 2023 - (KSTS Telemundo) - Joint Venture and Martha's Kitchen on food recovery More

November 14, 2023 - (Telemundo) - Homelessness and food insecurity a latent problem in the Bay Area: According to Joint Venture, many of the region's current residents are struggling to pay their rents or mortgages More

November 14, 2023 - (Silicon Valley Business Journal) - Workforce development: Portraits of accomplishment: Raquel González...serves on the board of Joint Venture Silicon Valley. More

November 12, 2023 - (Mercury News) - APEC trade summit, protests put Bay Area in spotlight, snarl traffic: APEC and several spinoff gatherings will raise potential opportunities, said Russell Hancock, CEO Joint Venture Silicon Valley More

November 10, 2023 - (KPIX) - BART funding puzzle challenges transit officials: Polling by an organization called Joint Venture Silicon Valley suggests... More

November 10, 2023 - (Mercury News) - Letters: Wireless future - David Witkowski describes the transition from copper wire-based telecommunications to the wireless “smartphone world.” More

November 8, 2023 - (Nation World) - California regulators must embrace a wireless future: David Witkowski is the executive director of the Wireless Communications Initiative at Joint Venture Silicon Valley More

November 7, 2023 - (Mercury News) - Opinion: California regulators should embrace a wireless future - Joint Venture's David Witkowski says "Outdated rules require telephone companies to wastefully pour billions of dollars into an antiquated landline network" More

November 5, 2023 - (Mercury News) - Guaranteed Income: Can no-strings-attached payments help solve poverty in the Bay Area? according to the report from Joint Venture Silicon Valley More

November 3, 2023 - (NBC) - Bay Area jobs report: Latest numbers show signs of slowdown: ...there's always going to be ups and downs,” said Russell Hancock, CEO of Joint Venture Silicon Valley. More

November 3, 2023 - (Business News) - Silicon Valley’s hottest housing markets lose residents news: A new study from Joint Venture Silicon Valley found that the area’s median home sales price is set to peak at $1.53 million...More