Joint Venture Silicon Valley provides ANALYSIS, ACTION, LEADERSHIP

top-slides-sov2.jpg

Joint Venture Silicon Valley provides

ANALYSIS

ACTION

LEADERSHIP

What is Joint Venture Silicon Valley?

Established in 1993, Joint Venture brings together Silicon Valley’s established and emerging leaders—from business, government, academia, labor and the broader community—to spotlight issues and work toward innovative solutions. In this short video see what Silicon Valley leaders have to say about the organization.

What's Happening Now

Institute: Silicon Valley unemployment dropped to 2.9%

cover imageJanuary 21, 2022 - The employment rate in the Silicon Valley region is now on par with mid-March 2020, just prior to shelter-in-place orders for the Bay Area. Silicon Valley employers added more than 10,300 workers between mid-November and mid-December and the unemployment rate dropped to 2.9%, according to analysis by Joint Venture’s Institute for Regional Studies. “Despite positive news related to the unemployment rate, the economic landscape continues to evolve," said Ryan Young, affiliated researcher at the Institute. Industries such as Professional and Business Services and Information are undergoing strong growth; others such and Leisure and Hospitality sit far below pre-pandemic levels.”

Read the report | Read the news release

Considered: Bicycle superhighway on the peninsula

January 24, 2022 - On January 14, 70 elected officials, urban planners, policymakers, and advocates were convened by Joint Venture to consider the possibility of a bicycle thoroughfare on El Camino Real. Participants envision a north-south route traversing four cities that would provide a high-quality connection suitable for riders of all ages and abilities. Participating jurisdictions provided brief reports, latest policy developments, and the challenges a Peninsula Bikeway would need to surmount.

Watch the video

Wunderman enlisted for 2022 State of the Valley

January 24, 2022 - Jim Wunderman, President and CEO of the Bay Area Council, a public policy and advocacy organization formed in 1945, has signed on as a panelist for the upcoming State of the Valley conference. The Council includes more than 325 member companies across a wide range of industries and has partnered in numerous ballot measure campaigns that have secured tens of billions of dollars for transportation, affordable housing, early education, climate resilience, and healthcare.

Learn more

Tshaka Menelik Imhotep Campbell to share poetry at 2022 State of the Valley conference

January 24, 2022 - 2022 State of the Valley is just weeks away! Tshaka Menelik Imhotep Campbell is Poet Laureate for Santa Clara County with an international reputation who will share his art with attendees. He has performed with the Nuyorican national poetry slam team and the Da Poetry Lounge (DPL) slam team and earned the Grand Champion title in San Francisco and Hollywood. In 2010, he was honored with the UK Unsigned Artist award in poetry. The poet has toured a number of US cities and across the globe, featuring at venues such as the legendary Apollo Theatre and the O2 in London England.

Learn more

Stanford Taiko to perform at 2022 State of the Valley conference

taiko drum performersJanuary 24, 2022 - Performance is what brings that "town hall" feel to State of the Valley. This year, Stanford Taiko, a student music group dedicated to the art of Japanese drumming, will take to the stage at the in-person event with their energetic Taiko spirit. The group has gained international recognition through its program of regular touring. Taiko is the Japanese word for drum. In North America, this term is used to describe both the Japanese drum itself and the art form of kumidaiko (ensemble drumming with Japanese drums). The event will also stream live.

Register for State of the Valley

Eugene Robinson tapped as State of the Valley keynote

January 24, 2022 - Eugene Robinson, Pulitzer Prize-winning Columnist for The Washington Post and Political Analyst at MSNBC, will be the featured speaker at the 2022 State of the Valley Conference on February 18. Robinson will  deliver his special brand of insight and straight-talking style as he considers Silicon Valley in the broader national context. He will also view our region through the lens of equity and inclusion, the very same lens that won him the Pulitzer in 2009. The hybrid event will take place at Stanford with seating limited to 300 and will livestream via BrandLive. Tickets are available now. 

Learn more | Register

Register now: State of the Valley 2022 - February 18

logoJanuary 22, 2022 - The 2022 State of the Valley conference will take place February 18 at Stanford University. Washington Post Pulitzer Prize-winning columnust Eugene Robinson will serve as keynote. The hybrid event will be held in person and livestreamed. The program will present a region rife with contradiction as we climb our way out of the pandemic: the indicators will present the world's most prodicious regional economy, while at the same time exhibiting the nation's starkest income divides. A panel of subject-matter experts will help us make sense of it. Tickets are available now. 

Learn more

Register

Amazon Smile: Support Joint Venture while you shop

Amazon Smile logoJoint Venture is participating in the Amazon.com AmazonSmile program. Every time you shop at AmazonSmile.com, a portion of your sales (0.5%) goes to support our work. AmazonSmile is a simple and automatic way for you to support Joint Venture every time you shop, at no cost to you. When you shop at smile.amazon.com, you’ll find the exact low prices, vast selection, and convenient shopping experience as Amazon.com, with the added bonus that Amazon will donate a portion of the purchase price to support Joint Venture’s work in your community.

Support Joint Venture with Amazon Smile

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.

Investors Spotlight

Donors invest in Joint Venture with both general support and project-specific gifts. Support from the community enables us to provide innovative solutions to issues that confront our regional economies and quality of life. Here are just a few of our many investors:

American Leadership Forum – Silicon Valley logo American Tower logo UC Santa Cruz Silicon Valley Extension logo

Joint Venture offers a variety of support and sponsorship opportunities for individuals, corporations, and public sector organizations. To inquire about becoming a member of our Investors Council, call (408) 298-9330 or visit our Become an Investor page. To see our current investors, visit our investors pages.

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

January 25, 2022 - (NBC) - Silicon Valley's Unemployment Rate on Par With Rate Before Pandemic: Silicon Valley's unemployment rate as of the middle of last month was on par with the rate just before the start of the COVID-19 pandemic in the Bay Area, according to Joint Venture Silicon Valley's Institute for Regional Studies. More

January 13, 2022 - (Mercury News) - New format for Silicon Valley's town hall: the highlight of the three-hour program may be the keynote by Eugene Robinson, the Pulitzer Prize-winning columnist  for the Washington Post. More

January 12, 2022 - (Epoch Times) - Chaos in San Francisco Is Catalyst for New Business Helping Residents to Leave: Respondents to the Joint Venture Silicon Valley survey are split on the overall direction of Silicon Valley and the greater Bay Area More

January 9, 2021 - (SFIST) - LA & SF Moves Drove CA’s Second Ever Decline in Year-to-Year Population, State Officials Announce: This is supported by Joint Venture’s 2021 Silicon Valley Poll, where "76% of respondents identify the cost of housing as the most serious problem in the Bay Area." More

January 7, 2022 - (California News Times) - Job experts predict omicron will trigger waves of resignations soon, leading to inflation: Dr. Russell Hancock, President and Chief Executive Officer of Joint Venture Silicon Valley, said... More

January 7, 2022 - (ABC7) - Job experts forecast 2 more waves of resignations soon, triggered by omicron: "It has occasioned a lot of thought, introspection and new approaches to people as they think about not only their jobs, but their core values," said Russell Hancock Ph.D., president & CEO of Joint Venture Silicon Valley. More

January 4, 2022 - (KPIX) - Guilty Verdicts for Elizabeth Holmes Could Impact Other Silicon Valley Start-Ups: "...This has been Silicon Valley on trial,” said Joint Venture Silicon Valley President and CEO Russell Hancock. More

January 3, 2022 - (KPIX) - Elizabeth Holmes Found Guilty Of Conspiracy To Defraud Investors: “It’s a straight up case of fraud,” said Silicon Valley Joint Venture President and CEO Russell Hancock. More

December 29, 2021 - (The Real Deal) - “Mishmash:” 15-year-old Camino Real development plan at a standstill: ...Camino Real is a “mishmash” of businesses and buildings...reflecting a region struggling to balance housing and jobs, according to Russell Hancock, CEO of Joint Venture Silicon Valley. More

December 27, 2021 - (Mercury News) - El Camino Real: Why Silicon Valley’s ‘grand boulevard’ still hasn’t taken off: ... that’s frustrating to Russell Hancock, CEO of Joint Venture Silicon Valley More

December 22, 2021 - (SF GATE) - Unemployment Continues To Drop In Silicon Valley: ...according to a recent report from Joint Venture Silicon Valley's Institute for Regional Studies. More

December 22, 2021 - (KRON-4) - Silicon Valley unemployment continues to fall: According to an analysis from Joint Venture Silicon Valley’s Institute for Regional Studies, the region’s unemployment rate dropped to 3.1%...More

December 20, 2021 - (San Jose Spotlight) - Unemployment continues to drop in Silicon Valley: “The good news is that we’re recovering so many of the jobs we lost, and that the tech sector is driving the recovery,” Russell Hancock, president and CEO of Joint Venture Silicon Valley... More

December 17, 2021 - (Mercury News) - Bay Area, California job gains slow drastically in November, recovery wobbles: “The Bay Area has been having good months and bad months,” said Russell Hancock, president of Joint Venture Silicon Valley..." more

December 15, 2021 - (East Bay TImes) - Bay Area a major anomaly in new report about state’s pandemic population changes: ...poll conducted this fall for the Bay Area News Group and Joint Venture Silicon Valley. More

December 13, 2021 - (Mercury News) - COVID didn’t increase poverty in the Bay Area, new report says: ...a poll by the Bay Area News Group and Joint Venture Silicon Valley this year... More

December 11, 2021 - (Mercury News) - While most Bay Area economies floundered in the first year of the pandemic, Santa Clara County’s soared: Joint Venture Silicon Valley’s Institute for Regional Studies, found that income inequality in the region “has grown twice as quickly as that of the state or nation over the past decade.” More

December 3, 2021 - (MarketWatch) - A crystal ball to make sense of the real-estate market right now: We’re definitely not in the frenzied days of lockdown-induced homebuying anymore, says Issi Romem, economist and founder of MetroSight [and affiliated researcher at Joint Venture] More

December 2, 2021 - (Mercury News) - Meta, Apple mega leases, huge property deal counter exodus fears: “We count a sum total of four Silicon Valley companies that have moved their headquarters in the past 18 months...,” said Russell Hancock, president of Joint Venture Silicon Valley. More

December 1, 2021 - (Valley Politics) - Valley Politics December 2021: Silicon Valley Poll with Russell Hancock and Lou Hansen More