Joint Venture Silicon Valley provides ANALYSIS, ACTION, LEADERSHIP

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Joint Venture Silicon Valley provides

ANALYSIS

ACTION

LEADERSHIP

What's Happening Now

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developments in the state’s telecommunications landscape and which emphasizes the necessity for updating California’s outdated public safety strategies to align with modern technologies and provide more effective response during emergencies and disasters.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

May 20, 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 imageMay 20, 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

Bay Area income inequality gap eclipses U.S.

grey and white coverNew data from Silicon Valley Institute for Regional Studies

July 28, 2015 – The latest tech boom has stretched the Bay Area’s income inequality gap to its widest level in decades, according to a new study from Joint Venture Silicon Valley’s Institute for Regional Studies.

The Institute’s research brief, “Income Inequality in the San Francisco Bay Area,” found that average incomes among the highest-earning Bay Area households are $149,000 higher than they are nationwide ($489,000 here compared to $340,000 in the U.S.).

The gap between high-income and low-income households is much wider ($263,000 compared to the $178,000 in the U.S.), the study reported.

Average incomes among the top five percent of Bay Area households are $473,000, 31.5 times higher than the average incomes in the bottom 20 percent, compared to a difference of just $328,000 in the U.S. overall.

"Both this brief and our recently released report on poverty in the Bay Area provide a comprehensive look at the low degree to which our region's prosperity is shared,” said Rachel Massaro, Joint Venture vice president and senior research associate for the Institute.a

“Although income inequality in the Bay Area is comparable to measured inequality in the rest of the state and nation, it has been increasing much faster in the Bay Area over the last 20 years,” said Jon Haveman, a principal at Marin Economic Consulting, who authored the study.

About the Silicon Valley Institute for Regional Studies

The Silicon Valley Institute for Regional Studies provides research and analysis on a host of issues facing Silicon Valley’s economy and society. The Institute is housed within Joint Venture Silicon Valley. For more information, visit www.siliconvalleyindicators.org.

 

In The News

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

April 15, 2024 - (NBC) - Tesla laying off more than 10% of workforce. Here's why: Russell Hancock, CEO of joint Venture comments. More

April 14, 2024 - (CyberNews) - California Dreamin’ no more: state facing tech jobs exodus: Bay Area actually had a net gain in tech jobs, a new report from Joint Venture Silicon Valley recently showed. More

April 12, 2024 - (Silicon Valley Business Journal) - Business Journal hosts largest Latinx Business Leadership Awards: Edith Ramirez said "...the index at the joint venture Silicon Valley, you see and hear the gap. More

March 25, 2024 - (ABC) - Experts explain why it may be more difficult to find mental health professionals in Bay Area: A report by the Silicon Valley Institute for Regional Studies found that...More

March 24, 2024 - (Mercury News) - ‘We’re exhausted’: Bay Area mental health shortage deepens as need explodes - Rachel Massaro with Silicon Valley Institute for Regional Studies, said more focus needs to be placed on recruiting and training More

March 23, 2024 - (Times Standard) - Humboldt County jobless rate at 5.9% in February: “The tech sector is on an efficiency push right now...” said Russell Hancock, president of Joint Venture Silicon Valley More

March 22, 2024 - (Mercury News) - Bay Area, California both lose jobs in February as hiring surge halts: Russell Hancock, president of Joint Venture Silicon Valley, said, “Job growth is likely to follow.” More