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.”

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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 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.

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by Ishana Ratan, PhD Candidate, UC Berkeley; Alison Post, Associate Professor, UC Berkeley; and David Cox, PE, President, FirmoGraphs LLC

Advanced metering infrastructure (AMI) integrates hardware, data management, and communications systems for real-time data collection with two-way communication between water service providers and their customers. This technology is particularly impactful in drought prone areas, incentivizing water conservation and alerting both service providers and consumers to possible leaks in real time (Moore and Hughes 2008). Researchers at UC Berkeley have used FirmoGraphs’ database of meeting minutes and capital improvement plans to analyze recent trends in AMI adoption among California drinking water agencies. In the last two years, nearly 50 cities and water districts have adopted advanced metering infrastructure. More recent AMI adopters are located in the Bay Area, Los Angeles, and San Diego metro areas than the remaining regions of California, which include agricultural areas.

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Figure 1: AMI adoption by region and agency type, California (from FirmoGraphs data)

What factors contribute to or inhibit adoption for these local leaders? In meeting minutes and capital improvement plans, agencies emphasize AMI benefits to consumers: real-time leak notifications both lower bills and limit water losses. At board meetings in the city of Santa Cruz, participants noted that two-way communication allows agencies to troubleshoot leaks with customers in real time, instead of the one-way information sharing model of advanced meter reading (AMR). AMI also promotes customer engagement beyond immediate leaks. For example, meeting minutes reveal that North Marin Water District experienced an increase in customer website usage after launching their online interface for water consumption tracking. Similarly, capital improvement plans from San Diego, Fullerton, and Thousand Oaks emphasize consumer awareness of water consumption as a key benefit of this technology.

The following map shows the location of the water systems within this review.

map

However, both the cost of AMI technology and technological complexity of rollout remain a challenge. In order to distribute costs while minimizing increases to ratepayers, agencies like El Toro Water District and East Bay Municipal Utility District have sequenced deployment in stages. Agencies often start with a pilot program, then meter infrastructure installation at scale, and finally develop customer portals. Sequenced deployment also eases the burden of the transition away from traditional systems on consumers. For example, the city of San Jose provided alternative leak detection alerts to consumers with old meters via text and email during AMI rollout. Others like San Bernardino Municipal Water District and Las Virgenes Municipal Water District have used state and federal incentives like the WaterSMART Water and Energy Efficiency Grant program to support AMI deployment. Inter-agency collaboration can also facilitate funding; Rincon del Diablo Municipal Water District partnered with San Diego Integrated Regional Water Management Program to secure grant funding for AMI deployment.

Overall, agencies in California have adopted AMI to support water conservation and consumer engagement, particularly in urban areas with technologically savvy users. While AMI deployment can be costly, strategic rollout and state grant support have impactfully helped agencies manage adoption. Knowledge sharing between early adopters and prospective agencies can also facilitate technology adoption going forward.

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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