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Joint Venture Silicon Valley provides




What's Happening Now

Joint Venture board adds new members

March 15, 2024 - The Joint Venture board of directors today elected four new members at their quarterly meeting. Unanimously elected were Teresa Alvarado, Regional Vice President, PG&E; Katie Ferrick, Managing Director, Applied Materials; Elijah Lefkow, Senior Manager, San Francisco 49ers; and Jessica Weare, Vice President, Corporate Responsibility, Silicon Valley Community Foundation “The combined experience of this new panel of leaders will bring strength and innovation to Joint Venture’s work,” said Russell Hancock, President & CEO of Joint Venture. “We are pleased to welcome them to the Joint Venture board.”

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Research Brief: Expanding the Behavioral Health Workforce Pipeline in Santa Clara County

report cover imageApril 15, 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.

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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

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.

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The class, taken in the autumn quarter of my first year, was also a great way for me to realize my place in the region as a Stanford student. When I contacted leaders in influential spheres for a class project, they would treat me with respect and intrigue immediately after hearing the name of my institution. Months ago, I would have been a random teenager who could easily be brushed off, but Stanford gave me respect and recognition. As good as that felt, I also realized that I was observing and reporting these regional, people’s issues from a remote ivory tower that I had just moved to. I loved what I had seen so far, but it would take more time and investment to truly understand and become a part of this remarkable environment where I would be spending the next four years of my life (if not more).

So, when Russ invited my classmates and me to apply for the Benest Fellowship at Joint Venture, I was immediately interested. The fellowship was advertised as a more immersive and hands-on version of this already immersive and hands-on class, and it lingered in my mind for the rest of the school year. I made plans to take a light summer course-load at Stanford, riding the Caltrain to the San Jose office a few times each week. I daydreamed about the data I might collect, the events I might attend, the people I might meet, and the solutions I might contribute to. I imagined calm and sunny morning train rides, bustling afternoons in the capital of Silicon Valley, and peaceful sunsets over Stanford’s sandstone arches. 2020 was going to be an active summer of living and learning in the Valley, of further engagement with the community around my school.

Just as I was finishing up the draft of my application, COVID hit the Bay Area. As cases trickled in, Stanford began exercising precautions and sending students home. Many of my friends lamented the loss of their summer plans as internships and other opportunities were canceled. Concerned, I called Russ to ask if the fellowship would still be offered and if Joint Venture would still be doing business. He exuberantly responded that the fellowship was still up (though in a remote format), I was encouraged to apply, and that Joint Venture was busier than ever. The virus had shut many things down, but a think tank and incubation space for regional issues would be one of the last to go. Interested in this new possibility, I sent in my application and flew home to Denver, where I’ve spent the last three months.

I settled in back home, and after an incredibly slow month of lockdown and online classes, I was appointed to the fellowship. At the start of the summer, Russ began introducing me to the Joint Venture team through a series of Zoom meetings. I expressed my interests in data science and economics, and was quickly assigned related projects that had come to the organization in the age of COVID.

With the fellowship built to be mostly remote, my work actually wasn’t drastically different from what I had imagined: though I wasn’t riding into San Jose for meetings and seminars, I was still meeting interesting people in fields I want to work in and (less excitingly) doing grunt work to move projects along. The city budgets, spreadsheets, and Joint Venture PR I was hired to work with were all still waiting for me behind my computer screen. Like everything else in my life, the fellowship had found a way to adapt to the pandemic. Sure, just as online learning doesn’t bring the same experience and engagement as its in-person counterpart, this fellowship is probably hindered more than helped by its remote nature. But the experience of working to solve regional issues and work with regional leaders is still present for 2020 Benest fellows, and I’m largely optimistic for the summer to come.

About the Author

Lukas Lopez-Jensen is one of Joint Venture's 2020-2021 Benest Fellows.

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In The News

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

March 17, 2024 - (Silicon Valley) - Bay Area job market suffered ‘mini-recession’ in 2023: new stats - “This was a downturn,” said Russell Hancock, president of Joint Venture Silicon Valley More

March 15, 2024 - (Palo Alto Online) - Tall Tree Awards honor Palo Alto’s civic leaders, businesses: Sheri Sager, former Joint Venture board member, honored with the Tall Tree award More

March 14, 2024 - (Mercury News) - One Bay Area county sees population gains in 2023. Is the exodus over? Russell Hancock, president of Joint Venture Silicon Valley, has some theories about why the recent trend is reversing More

March 14, 2024 - (Indica News) - At Silicon Valley Chamber event, five South Bay are mayors speak on issues that need collective action: in a discussion moderated by Russell Hancock, CEO, Joint Venture More

March 11, 2024 - (Food for Thought Podcast) - Susan Miller-Davis, Associate Director of the Food Recovery Initiative at Joint Venture Silicon Valley, for a deep dive into all things food recovery More