Joint Venture Silicon Valley provides ANALYSIS, ACTION, LEADERSHIP


Joint Venture Silicon Valley provides




What is Joint Venture Silicon Valley?

Established in 1993, Joint Venture provides analysis and action on issues affecting the Silicon Valley economy and quality of life. The organization brings together established and emerging leaders—from business, government, academia, labor and the broader community—to spotlight issues, launch projects and work toward innovative solutions.

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What's Happening Now

Institute: Q1 Commercial Space Report shows companies require less space

report coverMay 19, 2023 - New efficiencies at Silicon Valley companies are resulting in additional space available for sublease, according to the First Quarter Commercial Space Report from the Institute for Regional Studies. With the backdrop of inflation, higher interest rates, and other economic woes, have made sweeping adjustments toward a more remote/hybrid work culture. Landlords appear to understand this shift as companies require smaller footprints. Overall, the number of construction completions were moderate in the first quarter and asking rents across most space categories have remained remarkably stable, considering persistently high vacancy rates.

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Institute: Silicon Valley unemployment rate decreases to 2.8%

cover imageMay 19, 2023 – The unemployment rate in Silicon Valley decreased to 2.8% in April for the first time in 2023, according to analysis by Joint Venture Silicon Valley’s Institute for Regional Studies. The unemployment rate in the region is at its lowest since December of 2022, when it sat at 2.3%. Overall employment in the region decreased by more than 16,300 workers, while the number of unemployed persons decreased by more than 4,000. “The unemployment rate in Silicon Valley has declined for the first time since late last year, stopping the steady increases that were experienced over the first quarter of 2023,” said Ryan Young, an affiliated researcher at the Institute.

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Seamless Bay Area Battles Fiscal Cliff

Seamless Bay Area logo over mapJune 3, 2023 - Joint Venture formed a partnership with Seamless Bay Area (SBA) to transform the Bay Area’s fragmented public transit into a unified system that is more efficient, affordable, and sustainable. The Bay Area is currently in the midst of a major fiscal crisis and the prospect of devastating service cuts if no additional public funding is identified from the state. SBA is advocating for immediate funding that can help avert service cuts that would be devastating for transit and help implement changes to regrow transit ridership. 

Learn more about Seamless Bay Area

Meet Robin Franz Martin

June 4, 2023 - One glance at the CV of Robin Franz Martin inspires with a story of someone who has devoted her career to making the world a better place. And she is currently in the process of laying a foundation for seminal work that could have a favorable impact for generations. Robin, the Executive Director of the Food Recovery Initiative at Joint Venture, has launched several programs, from a summer camp in Vermont to a Medical Reserve Corps that is still succeeding. She likes working with food because “…it brings people together.” And now, with her current project, she has an opportunity to bring many people together around a solution that transforms lives by confronting hunger in one of the richest places on earth.

Read Robin's profile

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:

Stanford Children's Health logo Steinberg Hart logo Silicon Valley Power 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.

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.

by Susan Ellenberg, Dave Pine and Matt Mahan

ev car charging, solar panels, hand holding seedling in dirt

Normally business and local government have plenty of work to do without taking on state, federal and international policy challenges but these are not normal times. And the stakes could not be higher.

The climate crisis is creating havoc for California. With more than 4.2 million acres burned by wildfires last year, creating eerie orange skies and leaving layers of toxic smoke smothering our state, every Californian and every business was impacted. But it wasn’t just 2020. A new economic impact report of the 2018 fires in California puts the price of those infernos at $150 billion. That’s money that could have gone into improving schools, medical research, infrastructure, and access to affordable housing— all the elements that until now have made California the 5th largest economy in the world, and the best place to live, work, play and raise a family.

Another study shows that $80 billion invested in climate measures in California would generate 727,000 new jobs. On the other hand, inaction is significantly more costly than action. Energy Innovation just released a report that argues waiting until 2030 to make significant investments in climate mitigation measures more than doubles the cost.

If we do nothing, the fire seasons will only get worse as climate change marches forward. With nine of 15 global climate tipping points already activated and new science documenting climate impacts worsening more quickly than anticipated, we must do much more, much sooner. Our future depends on it as does our bottom line.

Scientists and economists are clear. We must dramatically cut emissions and remove warming pollutants we’ve already put into the atmosphere in order to secure a climate-safe future.

The times demand that businesses, along with local governments, join others in actively working for bolder climate policy from the state.

That is why Joint Venture Silicon Valley in collaboration with The Climate Center and others is now spearheading the ambitious Climate-Safe California campaign that offers targets and solutions commensurate with the latest science.

With over 1,050 endorsements to date from business, elected officials, nonprofit leaders and others, we are reaching out to you to join us in endorsing this urgent effort. We must let Governor Newsom and state legislature know that businesses and elected officials demand more. Californians deserve more. In the past California has been a climate policy leader, but now is falling behind.

Boris Johnson’s conservative government just set a climate target to reduce carbon emissions 68% below 1990 levels by 2030 and a goal to phase out new-sales fossil fuel passenger vehicles by 2030. By contrast, California’s climate target for 2030 is only 40% and 2035 to phase out fossil passenger vehicles by 2035. It is now time to reassert California’s leadership in climate action.

We need to make large investments in electric vehicle charging, especially for multifamily housing projects, in community energy resilience planning, and in programs that support agriculture that will take carbon out of the atmosphere and lock it in the soil. These investments will create business, stimulate private investment, create jobs, increase water retention in the soil and agricultural productivity, modernize the grid, and make our communities more resilient while making California more competitive in the global economy.

Many of the companies in Silicon Valley have been leaders in reducing carbon emissions in their internal operations and in their supply chains. This is good, but it’s not enough. We all need to take an unequivocal public stand for policies that will address the climate crisis at the speed and scale demanded by the science. Many state leaders understand the need for bold action but they have to feel broad support for this from other leaders around the state to be willing to do so.

We must make our voices heard in Sacramento, especially at this critical pivot point as we plan for post-COVID recovery.

Please join us by endorsing Climate-Safe California today.

For more information and to endorse:

Susan Ellenberg is a member of the Board of Supervisors for Santa Clara County, Dave Pine is a member of the Board of Supervisors for San Mateo County, and Matt Mahan a member of the San José City Council.

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In The News

June 2, 2023 - (NBC) - ‘We're OK': Job Growth Continues in the Bay Area, Country: "...actually, we're OK," said Joint Venture Silicon Valley CEO Russell Hancock...More

June 1, 2023 - (Hoodline) - Bay Area Tech Job Crisis: Thousands Laid Off as Industry Grapples with Growing Pains - Russell Hancock, president of Joint Venture Silicon Valley, said "Tech is going through a period of adjustment...More

May 30, 2023 - (Silicon Valley) - Disgraced Theranos founder Elizabeth Holmes locked up in Texas prison: Russell Hancock, CEO of Joint Venture Silicon Valley, a San Jose think tank, sees Holmes’ case as an outlier in Silicon Valley’s innovation economy...More

May 25, 2023 - (NBC) - Census Data Shows How the Bay Area Changed Over the Last 10 Years: Joint Venture Silicon Valley CEO Russel Hancock said a lot of the change has to do with skilled immigrants coming in to work for tech companies. More

May 25, 2023 (Silicon Valley Business Journal) - TRULY EPIC: Applied Materials' planned $4B research center reminds Silicon Valley of its roots - "...bring semiconductor know-how and even manufacturing back to its cradle, said Russell Hancock, CEO of Joint Venture Silicon Valley...More

May 21, 2023 - (Davis Vanguard) - Sunday Commentary: Yes, There Is a Housing Crisis – What Do We Do About It? a survey by Joint Venture Silicon Valley found that most people agree “that sky-high housing costs are a serious problem in the Bay Area.” More

May 20, 2023 - (San Jose Spotlight) - San Jose shrinks in population and desirability: Joint Venture Silicon Valley, a group that analyzes regional issues affecting the economy and quality of life, found that the top quarter of Silicon Valley’s earners harbor 92% of the wealth. More

May 19, 2023 - (Silicon Valley) - Bay Area rebounds with big April job gains, despite tech losses: “These are cheery numbers, and they confirm that we’re generally healthy,” said Russell Hancock, president of Joint Venture Silicon Valley...More

May 18, 2023 - (Silicon Valley) - San Jose no longer in Top 10 of most populous U.S. cities: Russell Hancock, president and CEO of Joint Venture Silicon Valley, a San Jose-based think tank, said he doesn’t view population change as a horse race. More

May 18, 2023 - (MSN) - San Jose no longer in top 10 most populous U.S. cities: "There is no prize for the largest city," said Russell Hancock, CEO of Joint Venture Silicon Valley More

May 18, 2023 - (Hoodline) - San Jose Falls from Top 10 Most Populous US Cities in Potentially Troubling Trend: Russell Hancock, president and CEO of Joint Venture Silicon Valley remains optimistic...More

May 18, 2023 - (Hoodline) - Today's Massive Block Party Aims to Revitalize Downtown San Jose: a 2022 Joint Venture Silicon Valley report revealed that approximately 17.7% of Silicon Valley commercial offices remained vacant...More

May 17, 2023 - (San Jose Spotlight) - Downtown San Jose block party kicks off the weekend early: A 2022 Joint Venture Silicon Valley report reveals about 17.7% of Silicon Valley commercial offices remain vacant...More

May 17, 2023 - (County of Santa Clara) - County Urges College Students to Sign Up for Food Benefits: According to Joint Venture Silicon Valley, 42% of children in Santa Clara and San Mateo counties were at risk of food insecurity in 2022. More

May 15, 2023 - (NBC) - Bay Area Exodus: Joint Venture CEO, Russell Hancock interviewed on where people went after they leave the Bay Area. [no link available]

May 12, 2023 - (MSN) - These four Santa Clara County cities bucked California's falling population trend last year: "Santa Clara is a city that has been willing to do that, even more than its neighbors.” said Russell Hancock, Joint Venture Silicon Valley...More

May 10, 2023 - (East Bay Times) - Bay Area inflation rate slows as consumer prices start to cool off: ...the Bay Area remains an exceedingly expensive region, noted Russell Hancock, president of Joint Venture Silicon Valley...More

May 9, 2023 - (San Jose Spotlight) - Santa Clara population ticks up as rest of region drops: “If we build it they will come,” Russell Hancock, CEO of regional think tank Joint Venture Silicon Valley...More

May 9, 2023 - (Hoodline) - Santa Clara defies pop. declines in California with housing & economic expansion - SF might be turning a corner, too: “If we build it they will come,” is a sentiment echoed by Russell Hancock, CEO of regional think tank Joint Venture Silicon Valley...More

May 4, 2023 - (Mad River Union) - More than 35 organizations urge the California Legislature to address the state’s interconnection crisis: Joint Venture listed as signer...More