November 20, 2020 - Silicon Valley’s unemployment rate slipped down by another 1.1 percentage points in October, according to analysis released today by Joint Venture Silicon Valley’s Institute for Regional Studies. Yet, as of mid-October, approximately 90,000 people remain unemployed in Silicon Valley. “While the month-over-month job growth for certain industries – such as retail and restaurants – is impressive, the industry-specific employment numbers are still well below where they were at this time last year,” said Rachel Massaro, the Institute’s Director of Research.
November 20, 2020 - The Joint Venture board of directors has elected two new leaders to their ranks. Ted Bojorquez is executive vice president of the Silicon Valley region for California Bank of Commerce. Raquel González is Bank of America’s Silicon Valley Market President. “We are grateful and excited to have these individuals join the board and bring their unique talents, expertise, and perspectives to the work of Joint Venture,” said Russell Hancock, president and CEO of Joint Venture.
November 20, 2020 - Are power outages the new normal in California? With increased wildfire risks, utilities are asking customers to prepare for planned outages. The prospect of more shut-offs are leaving many wondering how to manage through outages and seeking backup power. Join Joint Venture and The Climate Center for a webinar that will explore new and untapped revenue opportunities for solar photovoltaic and battery energy storage systems.
November 20, 2020 - Join Janelle London, executive director of Joint Venture's Beyond Gasoline initiative for The Race to the Clean Car Future: Which State Will be First?, a webinar that will delve into opportunities for a pathway to a clean-car future. To get to a clean-car future, states must navigate legal challenges, political opposition, and legislative roadblocks. Meanwhile, Silicon Valley is seeking to cut gasoline consumption in the region 50% by 2030, and Los Angeles aims to have 80% of new vehicles sold be electric by 2028.
November 20, 2020 - Joint Venture’s Silicon Valley Talent Partnership (SVTP) has launched PRO-Files, a new LinkedIn group for leaders, volunteers and partners who are passionate about pro bono service. Members are encouraged to share information and opportunities, ask questions, and celebrate success stories. Even those who are just curious about how to get started with a project or how to volunteer are welcome to join.
November 20, 2020 - Clara County’s Recycling and Waste Reduction Commission has recognized Joint Venture’s food recovery efforts with additional grants to continue its work. The County's most recent grant of $80,000 recognizes the initiative's success in reducing, re-using, and recycling food and materials that would otherwise go to the landfills. Joint Venture's work has also been supported by generous donations from Wells Fargo Bank.
November 20, 2020 - Christina Briggs is deputy city manager and economic development director for the City of Fremont. She will soon wrap up her term as chair of Joint Venture’s Silicon Valley Economic Development Alliance (SVEDA). At Fremont, her job is to facilitate business expansion, commercial development, and position the City as a high tech manufacturing leader in Silicon Valley. She relates that 2020 has been one stream of emergencies after another. First came the pandemic, followed by civil unrest which created difficult conversations about equity, policing, and race. And then . . . wildfires.
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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.