Joint Venture Silicon Valley provides ANALYSIS, ACTION, LEADERSHIP

top-slides-home27.jpg

Joint Venture Silicon Valley provides

ANALYSIS

ACTION

LEADERSHIP

What's Happening Now

Institute: Individual donations to charity rebound

hand placing money in donation boxJune 17, 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.

Learn more

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developments in the state’s telecommunications landscape and which emphasizes the necessity for updating California’s outdated public safety strategies to align with modern technologies and provide more effective response during emergencies and disasters.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

June 17, 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 imageJune 17, 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.

Learn more

Disaster Preparedness

In 2011, Joint Venture completed its three-year Disaster Preparedness Initiative by successfully transitioning the project to a freestanding National Disaster Resiliency Center based at Moffett Field, the first collaborative facility of its kind on the West Coast.

Incubated by Joint Venture with seed funds from the Department of Homeland Security, Santa Clara County and the California Endowment, the NDRC was located at the NASA Research Park. Steve Jordan was the CEO and Raelene Wong, director of global business continuity for Applied Materials, was seated as the board chair.

Read the complete news release here.

In 2009, Joint Venture embarked on a regional, cross-boundary initiative in the area of disaster planning and emergency preparedness in order to:

  • Provide support and assistance to the public sector bodies in their preparedness efforts
  • Integrate private sector activities more effectively with public sector ones, and facilitate collaborative planning
  • Mobilize additional private sector participation (and resources) to supplement public sector activities
  • Introduce the regional dimension to these efforts, which currently take place within delineated local jurisdictions, or within functional boundaries
  • Significantly raise public awareness and participation, through town meetings and reports to the community

The Challenge

The horrendous scene we witnessed in New Orleans with Hurricane Katrina and its aftermath—including especially the failed integration of local, state, and federal relief efforts—is a subject of compelling and continuing interest to the Silicon Valley region. The reason is of course obvious: we live and work at the intersection of several major, active fault lines, and we know it is only a matter of time before a calamitous seismic event rocks our own region. New York’s experience with the 911 terrorist attacks, Hurricanes Rita and Wilma, and more recently the possibility of an avian flu pandemic underscore the importance of systematic, broadly-based, carefully integrated, public and private sector planning for area-wide disasters. Is our region fully prepared? Not completely.

To be sure, our cities and service units are extremely conscientious in their respective efforts, leveraging scarce resources to maximize response within the limits of their jurisdictions. Our first responder and mutual aid capabilities are superb, and we are in a good position to field single point disasters—e.g. those which only affect one institution or a limited geographical area. We do not, however, have a thoughtful, carefully researched, properly documented, vetted, or tested plan to respond to an area-wide disaster, such as the large-scale earthquake that is certain to visit the Bay Area.

Nor does any other major metropolitan region exhibit such a plan, one which fully accounts for large and small municipalities, is truly regional, comprehensive in scope, and incorporates public, private, and nonprofit sectors. A large-scale disaster will require an extraordinary effort to respond to the immediate deaths, injuries and physical damages. Such an event will also require a massive effort to meet the food, housing, medical, and public safety needs of our affected residents. We can expect help and assistance from the federal government, to be sure. However, experience has shown we don’t know how much to expect, and how soon to expect it. The Federal Emergency Management Agency (FEMA) is charged with responding to disasters and coordinating a variety of services, including food, shelter, first aid, temporary housing assistance, and rebuilding. The Army Corps of Engineers is also mandated to take part in local rebuilding efforts. But the Gulf Coast disasters revealed significant limitations in what these bodies can do, confusion over roles and responsibilities, and unfortunate delays in their response time.

It seems quite clear that America’s regions should view federal assistance as a secondary resource. Regions that are fully prepared will have a plan to mobilize local resources and provide their own response. Given the massive scale of the effort that will be required, it seems foolish to expect that response and recovery effort can be carried out by the public sector acting alone. Our government agencies and institutions are already operating at full capacity, and don’t have the resources to scale upwards. It is unreasonable to expect these bodies to operate above capacity when disaster strikes; clearly, additional resources will be necessary. The private sector, therefore, must become a full partner in our preparations for a major catastrophe. Our best hope as a region is for an integrated, public-private disaster plan, one which will require a great deal of careful planning, out-of-the-box thinking, the establishment of many new alliances and partnerships, and routine testing.

A Bold Vision for the Silicon Valley Region

On this basis, our vision for this initiative was simple and straightforward: we would like to know with complete certainty that our region is prepared. We would like every man, woman, and child to go to sleep at night with the assurance that disaster can strike, because we have done everything we can think of; mobilized the resources we require; set funds aside; achieved a codified set of agreements on protocol and procedure with state and federal officials; built in multiple layers of redundancy, and put firmly into place a set of well-rehearsed plans and procedures. In so doing, we would like our region to be considered the model for the nation and the world. The civil disorder that occurred in New Orleans is preventable if we create the basis for confidence and trust in our regional leaders when the crisis hits.

We can’t do everything at once. So our first priority, to which we dedicated nearly all of our effort, was to establish a state-of-the-art Disaster Resiliency Center at Moffett Field. The Center will integrate teaching, training, and research while at the same time serving as a base camp for the response and recovery effort when disaster strikes. Joint Venture was awarded $150,000 in seed funds from the Department of Homeland Security to move the Resiliency Center out of the concept stage and into implementation.

Leadership

Steering Committee

    • Kirstin Hoffman, Director, Santa Clara County Office of Emergency Services
    • Jim Wollbrinck, San Jose Water John Sweat, Lockheed-Martin
    • Bruce Lee, Director, Emergency Medical Services Agency, Santa Clara County
    • Dan Holley, Professor, San Jose State University
    • Robert J. Dolci, Director of Emergency Services, NASA-Ames Research Center
    • Lt. Colonel Steven Butow, Deputy Operations Group Commander, 129th Rescue Wing, California Air National Guard
    • Guna Selvaduray, Executive Director, Collaborative for Disaster Mitigation
    • Peter Ohtaki, Bay Area Director, Business Executives for National Security
    • Kenneth S. Dueker, Coordinator of Homeland Security, City of Palo Alto Police Department

Staff

Steven Jordan and Major General Peter J. Gravett (Ret.), Co-Directors

In The News

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

May 10, 2024 - (KQED) - Divestment from Israeli Tech Is a Tall Order for Silicon Valley. Here’s Why: Russell Hancock, CEO of Joint Venture Silicon Valley, said Silicon Valley companies have a long history of cultivating military contracts More

May 9, 2024 - (Mercury News) - Downtown San Jose visit activity soars, Oakland jumps, San Francisco nosedives: ... the South Bay city benefits from a favorable comparison to San Francisco, in the view of Russell Hancock, president of Joint Venture Silicon Valley More

May 1, 2024 - (Mercury News) - California’s great exodus finally slows as population increases after 3-year decline: “The pandemic is in the rearview mirror and we’re sort of coming back to how we were,” said Russell Hancock, CEO of Joint Venture Silicon Valley More

April 25, 2024 - (San Jose Spotlight) - Will TikTok leave San Jose if ban takes hold? Russell Hancock, CEO of economic think tank Joint Venture Silicon Valley, agreed having a presence in the valley is a no-brainer. More

April 19, 2024 - (Silicon Valley) - Bay Area bounces back with job gains in March, led by South Bay hiring: “There’s downsizing in some divisions and growth in others,” said Russell Hancock, president of Joint Venture Silicon Valley More