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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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by Karen Trapenberg Frick

California, and Silicon Valley in particular, is known for technological innovation. But to what extent are “smart city” technologies that could help local service providers manage infrastructure assets more effectively, plan for preventative maintenance, and increase government transparency being adopted? In collaboration with Joint Venture Silicon Valley, U.C. Berkeley Professors Alison E. Post and Karen Trapenberg Frick collected data to benchmark the adoption of smart city technologies in California along with other research team members. View their final published report.

The Post-Frick team web-scraped publicly accessible websites to measure local jurisdictions’ adoption of “smart city” technologies across policing, transportation, and water and sanitation service providers. Web-scraping uses an automated, replicable data collection methodology to track changes in technology over time. This approach works best for technologies that are used by or communicate with consumers, for example Nixle public safety alerts, general transit feed specification (GTFS) feeds, and online public agency meeting minutes and agendas. In addition to technology adoption, researchers also collected relevant organizational and demographic data to track patterns in access. The data for the project can be accessed at

To demonstrate how web-scraped data can be used to learn about patterns of agencies’ technology adoption, they conducted an in-depth analysis of GTFS static and real-time publication across California transit agencies. GTFS publication allows agencies to communicate service modifications and emergency alerts with users and improves system resiliency. The study web-scraped GTFS feeds from Open Mobility Data to determine which transportation agencies in California publish static and real-time schedules across a sample of 172 service providers. This methodology provides a transparent and replicable approach to measure technology adoption, with web-scraping script available and maps of GTFS adoption available.

GTFS Adoption in California: Agency Type

Their analysis shows that over half of CA transportation agencies published static GTFS feeds in 2020, while only twenty percent published real time feeds. Additionally, independent transportation agencies were more likely to publish GTFS-r feeds than local government agencies. Large agencies operating in urban areas are also more likely to publish both static and real-time feeds. This suggests that larger agencies may have more resources to publish service data. Agencies in urban areas with higher demand for public transportation also may have a greater incentive to adopt these public service notifications. The findings of this analysis highlight gaps in “smart city” technology access, particularly for small, rural agencies, and provides a starting point to identify barriers to technology adoption within the state.

About the Author

Karen Trapenberg Frick is a Distinguished Fellow at Joint Venture's Institute for Regional Studies. You can learn more about Karen 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