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.

2009 Silicon Valley Index cover Annual report finds recession catching up to Silicon Valley, green economy offers new opportunities for growth; special analysis on employment warns valley is unprepared to meet workforce needs

San Jose and Mountain View, Calif. | February 17, 2009 – The global financial collapse and national mortgage crisis have finally caught up to Silicon Valley, but the region can rebound as a leader in clean technology innovation, according to the 2009 Silicon Valley Index released today by Joint Venture: Silicon Valley Network and Silicon Valley Community Foundation.

In a companion Special Analysis to the annual report on Silicon Valley’s economic health, researchers probing economic restructuring and workforce transitions cautioned that the region is currently not producing enough talent to meet its workforce needs in the next decade as the industry mix changes and new skills are needed.

While home foreclosures, economic instability and the year-end spike in job losses have wracked Silicon Valley, investment in clean technology grew 94 percent and jobs in the sector rose 23 percent since 2005, raising hopes for economic recovery through innovation in green technology and new, related business models.

“Our economic challenges are greater than they have been in years,” said Russell Hancock, president and CEO of Joint Venture. “At the same time, we have become a magnet for green innovation and a new epicenter for solar technology. New technologies and employment in the green sector may help offset the Valley’s economic woes.”

However, Silicon Valley also must begin addressing the challenges to the systems that support people who work and live in the region and are essential to its ability to continue innovating.
“Investing in and rebuilding our region’s social infrastructure is vital to sustain the innovation economy that has made Silicon Valley a national model,” said Emmett D. Carson, Ph.D., CEO and President of Silicon Valley Community Foundation. “We need a strong system of workforce development to support adult worker retraining and transition. The cost of inaction will undermine the region’s innovative capacity and overall competitiveness and with it, our regional prosperity and quality of life.”

This year’s Special Analysis examines the impact economic changes are having on the region’s communities and highlights the need for a strong system of workforce development and safety net programs.

The Silicon Valley Index, published annually since 1995, measures the strength of the region’s economy and the health of the community. It coincides with Joint Venture’s annual “State of the Valley” conference, sponsored by the Community Foundation, to be held on February 20 at Parkside Hall in San Jose. Keynote speakers this year include electric car entrepreneur Shai Agassi and Newsweek International editor Fareed Zakaria.

The Index, which includes data from all of San Mateo County this year for the first time, reports its findings in five major sections: People (talent flows, diversity); Economy (innovation, employment, income); Society (preparing for economic success, early education, arts and culture, health, safety); Place (environment, land use, housing, commercial space); and Governance (civic engagement, revenue).

Among the highlights in this year’s Index and Special Analysis:

  • Silicon Valley’s population grew 1.6% in 2008, and continued to surpass the state’s growth rate of 1.2%. Foreign immigration witnessed a net increase of 27% in 2008.
  • After holding steady until October, employment of residents in the region began to drop in November. The San Jose-Sunnyvale-Santa Clara Metropolitan Statistical Area posted a 1.3% drop in December 2008 over December of the previous year.
  • Clean technology and related businesses have increased in number by 29% since 1995. This sector has seen 88% job growth since 1995 and 23% just since 2005. Job growth since 2005 has been strongest in Green Building (424%), Transportation (140%) and Advanced Materials (54%).
  • Investment in cleantech in Silicon Valley increased 94% from 2007 – valuing almost $1.9 billion in 2008. In 2007, Silicon Valley alone accounted for 55% of California and 31% of U.S. investment. The bulk of this investment was in energy generation followed by energy infrastructure.
  • After rising steadily since 2005, total venture capital investment in Silicon Valley dropped 7.7% from 2007 to 2008. Nationwide, investment dropped 11.4%. While investment is slowing, Silicon Valley continues to account for 29% of total U.S. VC investment.
  • Silicon Valley’s contributions to art and cultural organizations as a proportion of the region’s income ranks far below that of leading U.S. metropolitan areas—and only about half the average of the top twenty metropolitan areas by population.
  • Silicon Valley residents have been driving fewer miles since 2002, and vehicle miles of travel per capita dropped 2% between 2006 and 2007. The number of new registrations for gasoline-powered cars in Silicon Valley has dropped by a quarter since the beginning of the decade.
  • Silicon Valley is on the forefront of alternative fuel vehicles—particularly hybrids. The region now accounts for 15% of newly registered hybrids, 10% of electric, and 5% of natural gas vehicles in California. Alternative fuel vehicles now comprise 3.4% of all newly registered vehicles in Silicon Valley—up from very few vehicles (0.11%) in 2000.
  • Home foreclosure sales went up faster in Silicon Valley (184%) than California as a whole (126%) in 2008. The number of foreclosure sales rose from 2,429 in 2007 to 6,900 in 2008.
  • In housing affordability, Silicon Valley has now become the least affordable region for housing in California—with less than 30% of first-time homebuyers able to afford a median-priced home. After a large increase in apartment rental rates of 7.8% between 2006 and 2007, rates rose only 2% between 2007 and 2008.
  • The number of homeless people in Santa Clara County decreased from 7,491 in 2005 to 7,202 in 2007.
  • Silicon Valley needs to fill 30,000 jobs annually until 2016, particularly in population-driven industries such as health services, education, retail, transportation, government administration and other local serving industries.
  • In the past decade, employment at companies with payroll has dropped 5 percent while the number of nonemployers grew 21 percent, illustrating a structural change in the nature of employment.
  • Silicon Valley’s demand for commercial real estate dropped precipitously in the last quarter of 2008. The net change in occupied space (absorption rate) entered negative territory for the first time in four years with a net loss of 7.6 million occupied square feet.
  • Since 2000, Silicon Valley voters have approved 81% of all local bond measures, including county, city and school district measures.
  • Up 10% from the last general election in 2004, 83% of Silicon Valley’s registered voters came to the polls; statewide, 79% of eligible voters cast ballots, 7% more than in 2004.

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