| The 2022 Silicon Valley Poll |
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Joint Venture will hold a briefing on the 2022 Silicon Valley Poll — illuminating attitudes about the housing crisis, remote work, and life in the Bay Area — on Tuesday, October 4, at 9:00 a.m. PDT. The one-of-a-kind annual survey is placed in the field by Joint Venture’s research arm, the Silicon Valley Institute for Regional Studies, in partnership with The Mercury News and Change Research.
The briefing — a Zoom webinar — will feature detailed analysis of the results and probe deeper questions about the tenor of our times. Ethan Varian and Marisa Kendall, two of the Mercury’s most insightful journalists will join Joint Venture CEO Russell Hancock for a panel discussion; the event will also include poetry and performances by local artists.
There is no charge to attend.
This year’s Poll and briefing are generously supported by a gift from Kaiser Permanente. |
| Learn more | Register |
| A report card for Bay Area transit |
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Seamless Bay Area and Joint Venture, along with several Bay Area civic groups jointly released a Transit Transformation 1-Year Report Card tracking the region’s progress toward integrating the region’s 27 transit systems. The report card marked the one-year anniversary of the Metropolitan Transportation Commission’s adoption of the ambitious Transformation Action Plan aimed at growing transit ridership. It shows a mixed record of progress toward transforming Bay Area transit.
“Creating the Transformation Action Plan was the easy part,” said Joint Venture CEO Russell Hancock. “Now we have to do the hard work, and constantly revisit it to hold ourselves accountable.” |
| Read the Report Card |
| New from the Institute |
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Unemployment grows slightly
Silicon Valley’s unemployment rate grew to 2.3% in August, an 0.2 percentage point increase from July. Overall employment levels in the region rose by nearly 4,300 workers, while the number of unemployed workers rose by almost 3,100, reaching the highest level (34,400) since March (36,100), and nearly 7,700 more than the most recent low in May.
Read the release
Q2 Commercial Space Report: Uptick in leases outpaces last year
Through the first half of 2022, Silicon Valley’s commercial space indicators paint a complex picture through diverging trends, according to the latest analysis from Joint Venture’s Institute in partnership with JLL Silicon Valley. Leasing volume within the region showed a surprising uptick, slightly outpacing last year’s figures and running counter to a trend of increasing vacancy rates. The pandemic-period trend toward leasing of smaller spaces continued. Asking rents have plateaued despite outsized levels of inflation reported this year, indicating a reluctance by landlords to raise rents in order to remain competitive in the market.
Read the report |
| Joint Venture Food Recovery lays the groundwork for best practices statewide |
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Robin Franz Martin, Executive Director of Joint Venture’s Food Recovery initiative was a featured presenter at the California Resource Recovery Association Conference (CRRA) in Oceanside in early September. Her two sessions focused on food recovery and the state's implementation of SB 1383.
In one presentation, Martin focused on the County of Santa Clara’s approach to assessing the area’s ability to collect and distribute surplus food, as required to comply with SB 1383. On behalf of the CRRA Best Practices subcommittee, Martin focused needed attention on the role of collecting and disseminating best practices for food recovery methods and systems statewide. She provided resources plus practical and actionable information for attendees from across California. She shared guidance on surplus edible food recovery, food safety for edible donations, and coordination between jurisdictions working on SB 1383. Martin also led a discussion group at the technical Council lunch during the conference and noted that the food for the luncheon “…was recovered and delicious!” |
| Learn more |
| A new co-chair for Joint Venture board |
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The Joint Venture board elected John Tenanes as its new co-chair at its quarterly meeting. Tenanes is vice president of global facilities and real estate at Meta and succeeds Dave Wehner as co-chair. He joins the standing co-chair, Nicole Taylor, CEO of Silicon Valley Community Foundation. Tenanes leads a team responsible for Meta’s physical workplace footprint for its Bay Area headquarters and facilities across multiple continents.
Russell Hancock applauded the selection. "Dave Wehner gave remarkably to our board, and in his final act of service he helped us recruit another Meta superstar to take the reins. John Tenanes brings an amazing array of on-the-ground experience getting things done, and he will bring that same instrumentality to Joint Venture.” |
| Read the release |
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David Witkowski is a quiet leader with a wealth of knowledge. He can decipher and re-interpret the most technical scenarios, down to the most granular elements, to make them palatable for novices. He delivers the information in a quiet, confident, and patient manner.
And people listen. Spend any amount of time with David and you are likely to learn all kinds of new and useful things that you previously had no idea you needed to know. |
| Read David's profile |
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September 22, 2022 - (San Francisco Chronicle) - Bay Area transit agencies pledged to make sweeping reforms during pandemic. Are they doing it? The report card, by Seamless Bay Area, the Bay Area Council and other business and transportation advocacy groups [including Joint Venture], comes a year after transit leaders committed to those across-the-board changes. More
September 19, 2022 - (Mass Transit) - Can we ride all 27 Bay Area transit agencies in one day? Experts doubt it, but #TotalTransit2022 hopes to find out: Seamless Bay Area...seeks to turn the Bay Area's fragmented transit system into a world-class, widely used one. More
September 16, 2022 - (Mercury News) - Bay Area and California job markets slow in big way as economy wobbles: “Thank goodness for tech,” said Russell Hancock, president of Joint Venture Silicon Valley, a San Jose-based think tank. More
September 15, 2022 - (Financial Advisor iQ) - New York is the World’s Wealthiest City, Study Says: The Bay Area includes Silicon Valley, in which the wealthiest 25 percent of households hold 92 percent of the wealth, according to Joint Venture Silicon Valley. More
September 12, 2022 - (StreetsBlog) - This Week: Megaprojects, AC Transit Board, BART Board - Join Seamless Bay Area, East Bay Transit Riders Union, Transport Oakland, SPUR, BikeEastBay, Streets for People, and East Bay YIMBY for a candidate forum. More
September 12, 2022 - (Mass Transit) - Where will BART take us 50 years from now? These simple quality-of-life measures are long overdue and will make it easier for people to ride BART... said Ian Griffiths, policy director for the Seamless Bay Area. More
August 22, 2022 - (Silicon Valley Business Journal) - Unemployment dips slightly in July while number of new jobs added is most in a year, study finds: Silicon Valley's unemployment rate dipped slightly in July, dropping 0.1% to hit 2.1% for the month, according to an analysis released Monday by the Silicon Valley Institute for Regional Studies. More
This is just a tiny sampling of Joint Venture's frequent coverage in the national and local news media. Read all our news coverage. |
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