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Joint Venture Silicon Valley provides ANALYSIS, ACTION, LEADERSHIP

Joint Venture Silicon Valley provides

ANALYSIS

ACTION

LEADERSHIP

What's Happening Now

SVEDA hosts 3rd-annual conference November 14 & 15 in Santa Cruz

SVEDA logoOctober 21, 2019 - The Silicon Valley Economic Development Alliance - SVEDA - will hold its 3rd-annual regional conference in Santa Cruz November 14 and 15. Join economic development professionals from across the region for insight on pressing issues such as housing, taxation, AI, and business resiliency. SVEDA is committed to addressing business needs through local government policy, streamlined permitting processes, and linking businesses to local and regional resources that add value to company innovation and growth.

Click to register

Q3 Commercial Space Report released

report coverOctober 18, 2019 – Joint Venture’s Institute for Regional Studies today released its third-quarter 2019 report on Silicon Valley commercial space. New data shows that year-to-date completions have already exceeded 2018 totals. With 13 million square feet of commercial space under construction, the numbers were only slightly lower than the 19-year high of the previous quarter and indicative of a resurgence of R&D development within the region.

Learn more

 

Rachel Massaro talks Silicon Valley exodus

October 18, 2019 - Rachel Massaro, Vice President & Director of Research at Joint Venture's Institute for Regional Studies, appeared on Valley Politics with Terry Christensen. The topic is what is being described as an "exodus" from Silicon Valley. Forty-four percent of Bay Area residents say they’re thinking about leaving the area. Rachel quotes the Silicon Valley Index, "For the third year in a row, people are moving out of Silicon Valley nearly as quickly as they are moving in. Between July 2015 and July 2018 (over a three-year period), the region gained 61,977 foreign immigrants, but lost 64,318 residents to other parts of California and the United States." Watch the interview

Institute Names Margaret O’Mara Distinguished Fellow

Margaret O’Mara speakingOctober 18, 2019 - Joint Venture has named Margaret O’Mara a Distinguished Fellow at the Institute for Regional Studies, its research arm. Considered one of Silicon Valley’s foremost expositors, O’Mara is the Howard & Frances Keller Endowed Professor at the University of Washington and a contributing opinion writer at The New York Times. An award-winning historian, she recently published a history of the Valley that is being hailed as definitive, The Code: Silicon Valley and the Remaking of America (Penguin Press, 2019.

Learn more about Professor O’Mara’s research.
Read Margaret's bio.

Talent Partnership lands Wells Fargo grant, launches Oracle project

team members meeting at white boardOctober 21, 2019 -Wells Fargo Bank has awarded a $15,000 community grant to Joint Venture’s Silicon Valley Talent Partnership (SVTP). Funds will be used to support SVTP’s work connecting pro bono consultants to community projects. As part of its endeavors, SVTP has matched a team of talented volunteers from Oracle to the NOVAworks Foundation (NOVA). The Oracle team will develop a strategic fundraising plan for NOVA, to bolster the group’s programs aiding Bay Area job seekers.

Do you have a project idea? Would you like to be a pro bono consultant? Or would you like to support SVTP financially?
Visit jointventure.org/svtp.

Meet John Lang, economic development manager, Morgan Hill

October 21, 2019 - “Local government doesn't always do a good job of communicating to the public what we do,” says John Lang, economic development manager for Morgan Hill and chair of Joint Venture’s Silicon Valley Economic Development Alliance (SVEDA). Lang is working to upend that paradigm in Morgan Hill, a city of 45,000 at the southern tip of Silicon Valley. In this relatively smaller town, Lang and staff can shepherd business owners through layers of processes with what he calls “a warm hand off” between city departments.

Read John's profile

Save the Date: State of the Valley 2020

Mark your calendar for the 16th-annual State of the Valley conference February 14, 2020 at the McEnery Convention Center in San Jose. Last year a capacity crowd of Silicon Valley leaders filled the convention center for reports on the economy, trends and challenges, and a changing investment landscape. Watch for details soon!

Register Now

Silicon Valley Indicators

indicators home page Comprehensive information and data about the Silicon Valley ecosystem is 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.

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:

TDA Group logo Technology Credit Union logo city of Portola Valley 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.

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.

Leading wireless broadband provider to businesses joins Cisco for Wireless Silicon Valley ‘Concept City’ test

San Jose, Calif. | February 26, 2008 – Covad Communications Group Inc., (AMEX: DVW), a leading national provider of integrated voice and data communications, announced today that it will use technology from Cisco to deploy a wireless broadband test network in San Carlos, California. The test is part of the ‘Concept City’ phase of Wireless Silicon Valley, a project of Joint Venture: Silicon Valley Network.

Covad’s Covad Wireless business unit, which already serves business customers in San Carlos, will layer a new wireless broadband mesh capability onto its existing fixed wireless broadband service. Covad Wireless will use the latest wireless equipment from Cisco to create a mesh network, and judge performance, user experience and customer demand during the testing period. Central to the test is creating a repeatable financial and operational model. Following the completion of the test, Covad Wireless will explore expanding the mesh service to additional locations in the region.

“The Wireless Silicon Valley strategy aligns well with our goal to expand wireless broadband service in Silicon Valley,” said David McMorrow, General Manager for Covad Wireless. “In the past year, the municipal wireless market has grown and changed dramatically, and Wireless Silicon Valley’s focus on economic development and multiple types of outdoor wireless broadband service is now a better fit for our differentiated approach at entering this market segment.”

Extension of existing, high-margin business model

Unlike many of the municipal WiFi experiments in other metropolitan areas, the San Carlos test network is an extension of Covad Wireless’ existing, high-margin fixed wireless business and benefits from the expertise of Cisco and the participants in the Wireless Silicon Valley initiative. Covad Wireless operates California’s largest fixed broadband wireless network serving businesses, and views this test network as an exciting opportunity to reach new segments of the business market, such as small business and home office customers, while utilizing its existing infrastructure. The company currently offers fixed broadband wireless access using WIMAX, pre-WIMAX, and LMDS technology to deliver services with data speeds of up to 100 Mbps to over 1,700 business and enterprise customers in the San Francisco Bay Area. The City of San Carlos is already an existing, satisfied customer of Covad Wireless and is able to provide cost-effective access for wireless equipment to poles, rooftops and other locations, and a continuing test base for municipal services.

Covad Wireless believes, and hopes to validate through this test, that wireless broadband mesh technologies, including WiFi/802.11, can provide a cost-effective extension of its service delivery model by economically enabling services targeted at new market segments, such as:

  • Fixed broadband wireless access for the Small Office/Home Office (SoHo) and Very Small Business market segments requiring self installation and competitive market pricing
  • Nomadic and portable services for vertical market segments such as mobile business and sales professionals and municipal field services
  • Telemetry services for municipal and select vertical market segments

An ideal partnership

“We are very pleased to welcome Covad Wireless as the service provider partner for the San Carlos ‘Concept City’ test,” said Seth Fearey, vice president and chief operating officer for Joint Venture: Silicon Valley Network and director of the Wireless Silicon Valley project.

Added Covad’s McMorrow, “Covad Wireless has developed a service delivery model that utilizes different wireless technologies to maximize flexibility and meet the unique needs of customers. By using the advantages of each technology within the test network, we plan to leverage incremental value, achieve lower costs, and ensure higher customer satisfaction.”

About Covad

Covad is a leading nationwide provider of integrated voice and data communications. The company offers DSL, Voice Over IP, T1, broadband wireless, Web hosting, managed security, IP and dial-up, and bundled voice and data services directly through Covad's network and through Internet Service Providers, value-added resellers, telecommunications carriers and affinity groups to small and medium-sized businesses and home users. Covad broadband services are currently available across the nation in 44 states and 235 Metropolitan Statistical Areas (MSAs) and can be purchased by more than 57 million homes and businesses, which represent over 50 percent of all US homes and businesses. Corporate headquarters is located at 110 Rio Robles San Jose, CA 95134. Telephone: 1-888-GO-COVAD. Web Site: www.covad.com.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995:
The foregoing contains "forward-looking statements," which are based on management's current information and beliefs as well as on a number of assumptions concerning future events made by management. Examples of forward-looking statements include expectations regarding the deployment and performance of the wireless broadband services described above and Covad’s ability to provide a cost-effective extension of its service delivery model by economically enabling services targeted at new market segments. Readers are cautioned not to put undue reliance on such forward-looking statements, which are not a guarantee of performance and are subject to a number of uncertainties and other factors, many of which are outside Covad's control that could cause actual results to differ materially from such statements. These risk factors include operational challenges that may arise as we deploy wireless services, the impact of increasing competition, pricing pressures and changes in technologies, among other risks. For a more detailed description of the risk factors that could cause such a difference, please see Covad's Forms 10-K, 10-Q, 8-K and other filings with the Securities and Exchange Commission. Covad disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. This information is presented solely to provide additional information to further understand the results of Covad.

In The News

October 18, 2019 - (San Jose Spotlight) - Report: Downtown San Jose businesses move northward as tech keeps Bay Area market hot.  The report, released Friday by Joint Venture Silicon Valley Institute for Regional Studies ...shows that commercial development is going strong along the Peninsula and in Silicon Valley, with 13 million square feet under construction, a 19-year high, according to the report.  More

October 18, 2019 - (Palo Alto Online) - Peninsula cities, companies explore partnership to tackle traffic congestion: Launched by Joint Venture Silicon Valley, the series sought to bring all the parties together to exchange knowledge about transportation-demand management... More

October 16, 2019 - (KPIX CBS TV) - Salesforce CEO Says Facebook Is 'Like Cigarettes,' Should Be Broken Up: "We have a long-standing tradition of breaking up monopolies in this country," said Russell Hancock, CEO of Joint Venture Silicon Valley. More

October 15, 2019 - (CBS News) - #DeleteFacebook trends after report Zuckerberg secretly dined with conservatives: Russell Hancock, President and CEO of Joint Venture Silicon Valley, said it would take time to figure out if the hashtag had any impact on Facebook. More

October 14, 2019 - (Stanford Daily) - Students recover 1,000 pounds of leftover food from Stanford Stadium concessions: ...A La Carte, launched last year as a pilot program between Stanford and Joint Venture Silicon Valley, a local nonprofit which analyzes the impact of local public- and private-sector projects. More

October 11, 2019 - (Mountain View Voice) - Mountain View lays out $81 million plan for El Camino Real: More than 15 years ago, the nonprofit think tank Joint Venture Silicon Valley urged Peninsula cities to seize a "golden opportunity" by harnessing the demand for redevelopment to transform El Camino Real into an urban neighborhood corridor.  More

September 28, 2019 - (Detroit Free Press) - GM strike is a surprising modern test of the power of workers versus corporations:“We don’t have big factories in Silicon Valley where people are punching time cards and doing grueling physical labor,” said Russell Hancock, president and CEO of Joint Venture Silicon Valley. More