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.

Learn More | Download the Report

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 mapMay 30, 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

Joint Venture hosts civic leaders on network equity and access

May 30, 2023 - When Comcast wanted to announce network improvements in Silicon Valley, they called on David Witkowski, Executive Director of Joint Venture’s Civic Technologies Initiative, to help deliver the message. City managers and mayors met at Joint Venture’s headquarters to learn about a planned 10G broadband network that will expand fast and equitable services to businesses by the end of 2023 and to homes by the end of 2025. "It was an honor to host this panel discussion at Joint Venture, and to engage in thoughtful and lively discussion with the panelists and the audience on this important topic,” said Witkowski. 

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Meet Robin Franz Martin

May 30, 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 Rob George

Bridge to Recovery logo

Just over 100 days ago, I embarked on a journey. A journey to transform my community and to pivot my career toward the good I always wanted to do in my career. Bridge to Recovery (B2R) became the fuel to satisfy the incredible curiosity I had to listen, learn, and lean in to the work that needed to be done in Santa Clara County. Without a clear idea of what the Project Manager for B2R really would be tasked with, I dove in. With no staff, we needed to move swiftly forward with the network, engage to learn more, get to know them, and to absorb their mission. Safety net and workforce development were merely conceptual. Today, those conceptual seeds are the foundation for workgroups and for the passionate leaders that consume my days, my thoughts, and my future.

Bridge to Recovery is a coalition of private, public sector and not-for-profit leaders who are building a two-pronged recovery path. The objective is to achieve a stronger safety net that is connected to training and meaningful jobs for all.

The pandemic is a tragedy that has hit our communities of color hard. The pandemic affected jobs and economic access that was already inequitable in the Bay Area. Where to begin? How might 50 organizations and more than 70 volunteers navigate the scope of the challenge? Amid massive social and economic disruption, Silicon Valley continues to be a place that is racially inequitable and economically exclusive. Economically-excluded residents cannot easily access the current benefits and workforce development support system.

The superpower of the B2R Network is our ability to build relationships and to listen to the voices in our community; the imperfect process of getting to know one another. It is the humble act of being open to collaborating with someone that may approach his or her community with a different mindset. The network is composed of seven workgroups comprising representation from safety net and workforce development organizations -- all of them giving their time to collaborate and create…and in some cases disrupt.

The outcomes to which we aspire are ambitious. “What if” is not a whimsical phrase, it is a challenge to think harder, to listen harder, to find the idea or partnership that moves effectively, embraces a community, and offers a way up. It is one step at a time… just skims the surface of the story.

We aspire to seize this moment to build back better by creating an economic system that ensures racial equity, economic inclusion, and providing support for all families. This new economy will ensure workers have access to quality, empowered jobs that allow them to benefit from and shape the region’s growing economy. This new economy must ensure that everyone's immediate basic needs are met and that they can achieve a dignified livelihood.

As we look to the future, there is so much work to be done. It has been a year of work, a year of forming and learning; a year of success and challenges. 2021 brought new energy and new progress and a realization that so much work needs to be done. Our outcomes will be accomplished as the network expands and matures and the cross-sector collaboration continues to flourish. We aspire to achieve access to safety net programs, an integrated safety net benefits ecosystem, a sustainable workforce development ecosystem, high quality job creation, and business growth and entrepreneurship support for undocumented immigrants.

I have learned so much in these early days at B2R. Of course, with every passing day I absorb more about the network, its members and the work that they do. That is a given. It is the shift in myself that has been the most powerful. I approach every day with empathy, with my ears wide open, with my heart and head aligned that I can make a difference. I have opened the door to others, to let their voices be heard and their ideas and collaborative spirits come alive. I am not afraid to not know an answer, I am not afraid to be a learner and I look forward to what the hard work of today and tomorrow will teach me.

Download a copy of the B2R info document to learn more about Joint Venture's Bridge to Recovery Initiative.

About the Author

Rob George is the Project Manager of Joint Venture's Bridge to Recovery Initiative. You can learn more about Rob on his bio page.

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In The News

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

May 3, 2023 - (Marin Independent Journal) - Bay Area cities, L.A. lose population amid California’s tumble: “We have seen a slowdown in immigration as a result of federal policies,” said Russell Hancock, president of Joint Venture Silicon Valley...More

May 3, 2023 - (NBC) -‘California Exodus' Continues With Bay Area Among Regions Losing Residents: Report - Joint Venture Silicon Valley CEO Russell Hancock said declining birth rates and rising death rates are also a factor...More

May 2, 2023 - (Silicon Valley) - Bay Area tech layoff plans in 2023 already top the total for all of 2022: “Tech is going through a period of adjustment as society moves on from the pandemic,” said Russell Hancock, president of Joint Venture Silicon Valley...More

May 2, 2023 - (Mercury News) - Exodus: San Jose, Oakland, San Francisco, L.A. all lose population amid California’s tumble: “We have seen a slowdown in immigration as a result of federal policies,” said Russell Hancock, president of Joint Venture Silicon Valley...More