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2017 Silicon Valley Index: 7 straight years of economic expansion, few signs of slowing down

blue coverFebruary 16, 2017 – Silicon Valley has chalked up seven straight years of economic expansion, a pace that continues to burden the region’s already strained infrastructure, reports the 2017 Silicon Valley Index released today by the Joint Venture Silicon Valley Institute for Regional Studies.

The latest data shows a slight slowdown from previous years, the report notes, but Silicon Valley’s growth is still outpacing California and the nation as a whole in many categories.

Read the news release.

Download the Index.

Congressman Ro Khanna elected to Joint Venture board

headshotJanuary 17, 2017 – Freshman Congressman Ro Khanna has been elected to the Joint Venture board of directors. Rep. Khanna, who was elected to the House of Representatives in November to represent the 17th Congressional District, was approved unanimously in a vote of the board.

“I am honored to serve, and I have great respect for the organization,” said Rep. Khanna on receiving word of his election.

Read the news release.

Read more about Rep. Khanna.

State of the Valley keynote: New York Times' David Brooks

David Brooks headshotJanuary 2, 2017 - New York Times op-ed columnist and best-selling author David Brooks will deliver keynote remarks at Joint Venture's 2017 State of the Valley conference, Feb. 17 in San Jose. 

Brooks is a keen observer of the American way of life and a penetrating analyst of present-day politics and foreign affairs. He will offer his views on "Silicon Valley in a Donald Trump Presidency." 

More about David Brooks | Register now

State of the Valley keynote: Harvard professor Stephen Goldsmith

Stephen GoldsmithJanuary 2, 2017 - Harvard University Kennedy School of Government professor Stephen Goldsmith brings his insight and experitise on Smart Cities and Smart Regions to the State of the Valley conference Feb. 17 at the San Jose McEnery Convention Center.

Professor Goldsmith currently directs Data-Smart City Solutions, a project to highlight local government efforts to use new technologies that connect breakthroughs in the use of big data analytics with community input.

More about Professor Goldsmith | Register now

State of the Valley 2017 Packard Award: Netflix CEO Reed Hastings

Reed Hastings headshotJanuary 2, 2016 - Reed Hastings, co-founder and CEO of Netflix and a philanthropic champion of education, is the recipient of the 2017 David Packard Award for civic entrepreneurship. Hastings will be honored at the State of the Valley conference, Feb. 17 in San Jose. 

The Packard Award is Joint Venture’s highest honor, presented annually to an individual or individuals who bring an entrepreneurial, cross-boundary problem solving approach to Silicon Valley’s challenges. 

More about the Packard Award | Register now

State of the Valley report: Why Isn't Silicon Valley America's Biking Capital?

person on bicycle in trafficJanuary 2, 2017 - Joint Venture’s Institute for Regional Studies is releasing a report at this year's State of the Valley conference that lays out a vision for Silicon Valley becoming a national leader for bicycle commuting and provides a roadmap for getting there.

A featured speaker at the conference Feb. 17 in San Jose, transportation expert Jeffrey Tumlin, will discuss why Silicon Valley's climate, landscape and health-conscious population could make the region more bike-friendly like Amsterdam and Copenhagen. 

More about Jeffrey Tumlin | Register now

State of the Valley panel: Silicon Valley and the Future of the Automobile

car illustration on blue backgroundJanuary 2, 2017 - As the major automakers and tech companies converge to create the cars of the future, will Silicon Valley be a disruptor? When can we expect the driverless car to be approved for roadways? What will its impact be on our mobility challenges and on the overall economy?

A panel of experts will focus on these questions, discuss the latest developments and chart the future at the annual State of the Valley conference Feb. 17 in San Jose. 

The full program | Register now

State of the Valley panel: Making Silicon Valley America's Smartest Region: Strategies and Tactics

light bulbs over circuit boardJanuary 2, 2017 - Silicon Valley is known to the world as the birthplace of the digital revolution and epicenter of technology innovation. However, leveraging these technologies in the civic arena has proven difficult, and our region doesn’t stand out among others as particularly innovative. What will it take to change that? 

A panel including Dan'l Lewin of Microsoft, Jan Whittington of University of Washington and Kip Harkness of the City of San Jose will explore this question at State of the Valley, Feb. 17 in San Jose.

Register now

Silicon Valley Indicators

indicators home page Did you know you can get comprehensive information and data about the economic and community health of Silicon Valley any time by visiting the online home of the Silicon Valley Index at

The site is maintained and constantly updated by Joint Venture's Silicon Valley Institute for Regional Studies and is a robust collection of charts and information with links to local, regional and national data sources, and resources for additional information within each of the indicator categories: People, Economy, Society, Place and Governance.

Download the 2016 Silicon Valley Index.

Monthly Investors Council Spotlight

Paypal logo Foothill - De Anza Community College District logo Koret Foundation logo

Joint Venture's Investors Council welcomes dozens of public and private organizations and foundations supporting our initiatives and programs. The Investors Council currently includes more than 100 private organizations, 56 public entities and 13 foundations.

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.

What is Joint Venture Silicon Valley?

Established in 1993, Joint Venture brings together Silicon Valley’s established and emerging leaders—from business, government, academia, labor and the broader community—to spotlight issues and work toward innovative solutions. In this short video see what Silicon Valley leaders have to say about the organization.

Top Videos

2016 State of the Valley

2016 State of the Valley recap video by PRx Digital.

More than 1,200 people packed the San Jose McEnery Convention Center February 12, 2016 for Joint Venture’s annual State of the Valley conference, where they heard an update on the region’s economy, keynote remarks by former House Speaker Newt Gingrich and former Rep. George Miller, former HUD Secretary Henry Cisneros, United States Patent and Trademark Office Director Michelle Lee and NAUTO co-founder and Stanford professor Stefan Heck of the Precourt Center for Energy Efficiency. The audience also heard a lively debate by a distinguished panel of auto industry executives and environmental experts arguing the future of the combustion engine. The Packard Award went to Code for America founder Jennifer Pahlka, an exhibition hall showcased a dozen nonprofit organizations and local school bands provided musical entertainment.

Briefing on the 2016 Silicon Valley Index

Joint Venture CEO Russell Hancock explored the data in the 2016 Silicon Valley Index, which shows that the regional economy is continuing its powerful trend upwards. However, the explosive increases in jobs and population are overwhelming transit systems and roadways and keeping affordable homes out of reach for many.

The comprehensive yearly analysis of the economic strength and overall vitality of Silicon Valley shows 134,000 new Bay Area jobs created between mid-2014 and mid-2015, average annual earnings up to $122,000, $24.5 billion in venture capital investments in 2015, 19,000 new patent registrations in 2014 and more than 23 million square feet of new development approvals over the past two years.

At the same time, widening income inequality persists, the median sale price for a home is up six percent to $830,000, rental rates are up eight percent, and average commute times rose to 27 minutes.

Here is Joint Venture President and CEO Russell Hancock’s report on the 2016 Index, produced by the Silicon Valley Institute of Regional Studies, an arm of Joint Venture.

Learn more about the Silicon Valley Index online at

Top Downloads

Economic Update: The Peninsula Economy - November 2016

report cover This brief, the third in a series, provides an update on the economy in Silicon Valley and San Francisco, here referred to as “the Peninsula economy.” The Peninsula sub region includes Santa Clara, San Mateo and San Francisco counties.

Download the report.

Bridging the Gap: 21st Century Wireless Telecommunications Handbook - September 2016

cover image with hand holding iPhone To keep pace with rising demand for wireless data, we must embrace new technologies and adjust local ordinances to account for them. This handbook was written primarily for municipal employees, elected officials, and civic leaders to help guide their understanding of new and future wireless technologies.

Download the report.

California Regulations and Employment in Silicon Valley - July 2016

poverty brief cover This report addresses the extent to which state level regulation of business activities affects job growth in Silicon Valley.

Download the report.

Silicon Valley Index - 2016

cover The 2016 Silicon Valley Index reveals Silicon Valley’s economy is thriving from San Jose to San Francisco, surging to levels that are overwhelming the Bay Area’s capacity to handle it.

Learn more about the Silicon Valley Index online at

In The News

February 18, 2016 - (Viodi TV) - From Connected Smart City to Smart Region: "Speaking at Joint Venture’s 2017 State of the Valley Conference (SOV2017), (David) Witcowski provides an overview of the Joint Venture’s newly formed Smart Region Initiative." More.

February 17, 2016 - (Palo Alto Online) - Report: More People leaving Silicon Valley Than Coming In: Healthy Job Growth Resulting in Housing Shortages, Worsening Traffic: "That's the overarching message of the 2017 Silicon Valley Index, a comprehensive look at the region that the nonprofit Joint Venture Silicon Valley released Thursday morning." More

February 17, 2017 - (San Jose Mercury News) - The Future of Cars - Connected, Electric and Shared: "Joint Venture President Russell Hancock said that the average commuting time for the region’s workers has crept up since 2005. Workers now lose 35 hours annually due to congestion." More

February 16, 2017 - (Silicon Valley Business Journal) - Silicon Valley Economy Took a Pause in 2016, but There's No 'Bubble Bursting,' Report says: "The Bay Area's economy — from Silicon Valley up to San Francisco — took a breather in 2016, with several key indicators dropping from 2015 but still showing long-term gains, according to the newly released 2017 Silicon Valley Index." More

February 16, 2017 - (San Jose Mercury News) - Silicon Valley Economy Slows, but Still Grows: "'We are driving a race car, but instead of driving at 120 miles an hour, maybe we’re going at 110 miles an hour. But we still are in a race car,' said Russell Hancock, chief executive officer of Joint Venture Silicon Valley." More

February 7, 2017 - (Central Valley Business Times) - More Than 1/3 of Businesses May be Impacted by Travel Ban: "About two-thirds of the workers in computer and mathematical professions in the California-based tech industry were born outside the U.S., according to the Silicon Valley Institute for Regional Studies." More

February 4, 2017 - (San Jose Mercury News) - Thousands Rally Against Trump Immigration Ban: "Nearly two-thirds of workers in science, technology and math fields in Silicon Valley were born abroad, according to statistics from the Joint Venture Silicon Valley." More

February 3, 2017 - (KPIX-TV) - Chariot Ride-Hailing Service Featured Ford's Super Bowl Ad, Future Tech Plans: "'This makes sense for established companies especially ones from outside Silicon Valley that want to have a toehold here,' said Russell Hancock, CEO and President of Joint Venture Silicon Valley." Video.

January 31, 2017 - (Mass Transit Magazine) - Smart Cities Council and Joint Venture Silicon Valley Join Forces to Advance Smart Communities: "Smart Cities Week Silicon Valley will bring together city leaders and technology innovators to explore incoming trends and disruptive technologies for smart cities." More

January 30, 2017 - (KPIX-TV) - Tech vs. Trump: Joint Venture CEO Russell Hancock: "Tech is the engine that drives the California economy." Video.

January 30, 2017 - (San Jose Mercury News) - Trump Executive Order on H-1B Visas Reportedly in the Works: "About two-thirds of computer and mathematical workers were born outside the U.S., according to the Silicon Valley Institute for Regional Studies." More

January 23, 2017 - (San Jose Mercury News) - H-1B Visa Program Faces Uncertain Future in Trump Era: About two-thirds of the workers in computer and mathematical professions were born outside the U.S., according to the Silicon Valley Institute for Regional Studies." More

January 17, 2017 - (Silicon Beat) - Lyft Co-founders: Carpooling, Smart Lanes Will End Traffic Woes: "...a recent study by Joint Venture Silicon Valley’s Institute for Regional Studies showed that in Santa Clara and San Mateo counties, only 10 percent of workers carpool." More

January 17, 2017 - (The Economist Films) - The Agenda: People Power, the Rise of Populism and What Lies Behind It: Quotes from Joint Venture CEO Russell Hancock. Video

January 4, 2017 - (KCBS Radio) - Live interview with Joint Venture Wireless Communications Initiative co-chair Jon Walton on efforts to improve wireless network coverage. Audio.

January 3, 2017 - (San Jose Mercury News) - Study: Uber, Lyft Car Services Could Reduce Traffic by 75 Percent: "Silicon Valley workers who live outside the region spend an average of 113 minutes a day in their cars, according to a November study released by Joint Venture Silicon Valley’s Institute for Regional Studies." More

January 2, 2017 - (Peninsula Daily Journal) - The Future of a Grand Boulevard: Streetscape Eases Fow on El Camino Real in San Carlos: "A San Carlos streetscape project caught the attention of those working on the Grand Boulevard Initiative, a regional effort to improve the otherwise desolate stretch of thoroughfare connecting cities across the Peninsula. More

December 30, 2016 - (San Jose Mercury News) - Bay Area Stalled in a Wireless Traffic Jam: "'We worry about how good is the coverage and how fast is the coverage,' said Jon Walton, co-chair of a Joint Venture Silicon Valley task force on wireless network coverage, organized by (Joint Venture's David) Witkowski." More

December 29, 2016 - (San Jose Mercury News) - 2016 in Review: Tech Perservered, Even as Money Tightened (Michelle Quinn): "'The year wasn’t marked by a downturn in any way,' said Russell Hancock, president and CEO of Joint Venture Silicon Valley. 'We just continued. We did it incrementally.'” More

December 29, 2016 - (San Jose Mercury News) - Nonprofits Struggle to Adjust as Tech Donors Take Center Stage: "More than 76,000 millionaires and billionaires live in Santa Clara and San Mateo counties, and about 12,550 households in the region have more than $5 million in investable assets, according to regional research group Joint Venture Silicon Valley." More.