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 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.”

Read the news release

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.

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

by Ashley Raggio

I learned a new word this month that makes me laugh despite its quite serious entry into the media lexicon: the listicle. Apparently, listicles are here to stay because they help us to easily organize our thoughts and reduce the likelihood of getting overwhelmed during this chaotic time. Most days, it is as if our minds are inundated with information straight from a firehose. I feel overwhelmed with all of the inputs coming my way (primarily on a screen), and for this reason I was inspired to create a listicle of my own in honor of Pro Bono Week 2020. Join PRO-FILES on LinkedIn to learn more.

Top 5 Things to Know About Pro Bono

  1. Pro Bono is not just for lawyers. Pro bono is any person or team volunteering their professional skills for social good with the support of their employer. It is a subset of ‘skilled volunteering’ which is similar with the exception that it may not be tied to employer support and done on the volunteer’s own time.
  2. Pro Bono is not just for nonprofits. Pro bono is a service aimed toward social good. We know that our nonprofits are a critical part of the social fabric of our communities, but pro bono is also creating immense impact in the public sector - the cities, counties, schools and public works organizations that keep our communities thriving!
  3. Pro Bono is growing like gangbusters...globally. There has been a 90% increase in the number of employees participating in pro bono around the globe between 2010-2018 and a 200% increase in corporate and intermediary pro bono programs in Europe and North America. Global pro bono efforts are “multiplying the collective and positive impact of social investments on the business, employees, mission-driven host-clients and by extension, underserved communities.”1
  4. Pro Bono is good for business. Companies incorporating pro bono volunteering benefit from enhanced profitability, additional investors, increased employee morale and productivity, stronger brand association and loyalty of both employees and customers. 64% of executives say that corporate citizenship produces a tangible contribution to the bottom line. At large companies, 84% of execs see direct bottom‐line benefits.2
  5. Pro Bono matters right now in Silicon Valley. If you are reading this Joint Venture Blog (and especially if you got this far), then you care about our region and know about some of the vast challenges it faces in 2020: economic loss, income inequality, lack of affordable housing, students learning from home, and more. Our social sector and public sector organizations are working tirelessly to keep up with the need with budgets that are a shadow of what they were just months ago. However, we are sitting in the lap of a valley that boasts a wealth of professional talent and is home to one of the most highly-educated workforces in the nation (Fun fact: Ann Arbor, Michigan comes in first and Silicon Valley is second). What matters is that we take this opportunity to harness the power of joining together across sectors to solve these complex social problems, improve the sustainability and effectiveness of the programs that make a difference in our communities and in turn strengthen Silicon Valley.

References

  1. Pyxera Global, Global Pro Bono: State of the Practice
  2. Summit on Corporate Volunteerism, Center for Corporate Citizenship at Boston College and Business Civic Leadership Center, Toward a New Definition of Pro Bono

About the Author

Ashley Raggio is the Executive Director of Joint Venture's Silicon Valley Talent Partnership (SVTP) Initiative. You can learn more about Ashley on her bio page.

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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