Joint Venture Silicon Valley provides ANALYSIS, ACTION, LEADERSHIP

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Joint Venture Silicon Valley provides

ANALYSIS

ACTION

LEADERSHIP

What's Happening Now

Tickets available: 2024 State of the Valley Conference, March 1

logoFebruary 12, 2024 - Register now for the 2024 State of the Valley Conference Friday, March 1. The event will be livestreamed from San José State University. Count on the most recent data on the state of the Bay Area and illuminating analysis by experts who will break down the numbers. You can purchase a virtual ticket for $35. Your virtual ticket provides access to all livestream proceedings, the ability to post interactive chats and a PDF version of the 2024 Silicon Valley Index.

Learn more | Register

Rachel Massaro honored by Board of Supervisors

February 12, 2024 - Rachel Massaro, Vice President of Joint Venture, and Director of Research at the Silicon Valley Institute for Regional Studies was honored with a commendation from the Santa Clara County Board of Supervisors for their work. Susan Ellenberg, President of the Board of Supervisors, who presented Massaro with the award called Rachel a “nationally recognized leader in data analysis, including serving as the primary researcher and energetic scholar behind the annual Silicon Valley Index, an essential tool for Silicon Valley leaders across economic sectors for more than 25 years.”

Joint Venture board adopts strategic plan

February 12, 2024 - 2023 marks Joint Venture’s 30-year anniversary. It remains the only organization that gathers leaders and change-makers from across all sectors to spotlight issues, launch projects, and work toward innovative solutions. To mark the anniversary, Joint Venture’s board has adopted a new strategic plan that will double down on its mission and set off a capacity-building effort over the next five years with three distinct pillars: to grow research expertise; to convene the region; and a plan for financial sustainability.

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Institute: GBI modeling shows impact for Santa Clara County families

coverFebruary 12, 2024 - Joint Venture’s Institute has completed a report in partnership with the University of Washington School of Social Work, Center for Women’s Welfare which models guaranteed basic income (GBI) scenarios. Supported by a 2022-23 grant from the County of Santa Clara with additional support from Silicon Valley Community Foundation, Modeling Guaranteed Basic Income & Household Income Adequacy in Santa Clara County examines how GBI programs can help move families out of poverty and into economic security.

Read the report

Meet Barry Vesser, The Climate Center

February 12, 2024 - Carl Sagan once said, “Anything else you’re interested in is not going to happen if you can’t breathe the air and drink the water. Don’t sit this one out. Do something." Barry Vesser, COO of the Climate Center, has taken this sentiment to heart. Barry leads The Climate Center’s program and policy development and implementation teams. Barry moved around a great deal as a young man and served in the Peace Corps in the Philippines where he was inspired by the sense of community and kindness that was expressed by people of modest means. 

Read the profile

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 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: theclimatecenter.org/endorsement

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

February 20, 2024 - (San Jose Spotlight) - How many Santa Clara County tech workers have been laid off? ...hiring spiked the region’s market cap to an unheard $16 trillion, according to Russell Hancock, CEO of Joint Venture Silicon Valley More

February 18, 2024 - (Silicon Valley) - Bay Area tech layoffs finally start to weigh down region’s job market: Tech companies seek heightened efficiency, said Russell Hancock, CEO of Joint Venture Silicon Valley More

February 14, 2024 - (EdSource) - California parents pay among the highest costs for child care: Child care in techie Silicon Valley is even costlier...according to the 2023 Joint Venture Silicon Valley Index. More

February 14, 2024 - (San Jose Spotlight) - Silicon Valley parents face highest child care costs: Child care in Silicon Valley is even more costly...according to the 2023 Joint Venture Silicon Valley Index. More

February 9, 2024 - (Mercury News) - Pure Storage, Google, mobile games company trim Bay Area jobs as tech cutbacks widen: “Tech companies hired too many people during the pandemic, and now we are seeing right-sizing,” said Russell Hancock, president of Joint Venture Silicon Valley...More

January 24, 2024 - (NBC) - Bay Area tech layoffs continue despite overall economy getting AI-related boost: "...This happens over and over, it's been our story for 80 years," said Russell Hancock, CEO of Joint Venture Silicon Valley. More

January 19, 2024 - (Mercury News) - Bay Area job market surges with big December gains to cap off 2023: “The job numbers are impressive but not surprising,” said Russell Hancock, president of Joint Venture Silicon Valley More

January 16, 2024 - (New York Post) - Tech moguls ‘optimistic’ about San Francisco despite sprawling urban decay: “San Francisco is vibrant. It’s a magnificent city,” Russell Hancock, president and chief executive of the think tank Joint Venture Silicon Valley More

January 16, 2024 - (Los Angeles Times) - All is lost in San Francisco? City loyalists take issue with naysayers. Data may back them up: Russell Hancock, CEO of Joint Venture Silicon Valley, said most disagree that San Francisco has somehow lost its allure. More

January 8, 2024 - (Silicon Valley) - Housing projects supplant Bay Area offices, stores as tech boom fades: “We will see how the housing conversions work out,” said Russell Hancock, president of Joint Venture Silicon Valley More

January 5, 2024 - (Silicon Valley Business Journal) - Economic Forecast: Tech remains king in Silicon Valley - Russell Hancock, president and CEO of Joint Venture Silicon Valley, said tech industry jobs losses also need to be put into perspective. More

January 5, 2024 - (SIlicon Valley Business Journal) - Economic Forecast: Empty offices, smaller projects become the new norm - "...they prefer working in pajamas and staring into a computer screen because they are utility-maximizing people,” said Russell Hancock, CEO of Joint Venture Silicon Valley. More

January 2, 2024 - (Silicon Valley) - Bay Area office vacancies balloon to all-time high as tech wobbles: “Silicon Valley is an innovation economy,” Russell Hancock (CEO of Joint Venture) said. More