WHAT'S HAPPENING NOW
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Indira Balkissoon to lead initiative seeking greater federal investment in Silicon Valley
July 8, 2010 - Joint Venture: Silicon Valley Network has named prominent environmental consultant and former EPA executive Indira Balkissoon Director of Federal Outreach Programs, a newly created role overseeing a regional effort to increase the level of investment being made by the federal government in Silicon Valley. Balkissoon will lead the project under guidance by a steering committee that includes Silicon Valley Community Foundation, the Silicon Valley Leadership Group, the Bay Area Council, the NASA/Ames Research Center, the University of California at Santa Cruz and Stanford University.
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SJSU grad student to work on regionalism initiative
July 8, 2010 – Antonea Colón, a San Jose State University graduate student in urban planning, has become Joint Venture’s Benest Fellow for 2010-2011. The program honors the legacy of former Palo Alto City Manager Frank Benest, a tireless champion of regionalism. Colón, who earned her BA in business and economics from North Park University in Chicago, will collaborate with Joint Venture senior staff on regionalism efforts, research and other projects.
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Board welcomes Chancellor Linda Thor and Wells Fargo executive Eric C. Houser
June 21, 2010 – Joint Venture: Silicon Valley Network has announced the election of two new members to its board of directors, Linda Thor, the new chancellor of the Foothill-DeAnza Community College District, and Eric C. Houser, executive vice president and Santa Clara County regional manager with Wells Fargo & Company. Chancellor Thor joined the district in February to succeed Martha Kanter, who departed to become Undersecretary of Education in the Obama Administration. Eric Houser oversees the Santa Clara County commercial and technology banking groups for Wells Fargo.
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2010 Silicon Valley Index
2009 was a rough year. We learned the hard way that Silicon Valley is not immune to the larger forces at work in the global economic recession. Like other regions, we have lost tens of thousands of jobs, absorbed thousands of home foreclosures, and seen our incomes decline. Despite our many strengths—from talented people to world-class technology—we could not insulate ourselves from the larger economic downturn.
Climate Prosperity: A Greenprint for Silicon Valley
The Challenge: Protecting the climate and growing the economy. What if we could turn the climate change crisis into an opportunity to build a better world? That is the promise of Climate Prosperity—creating a better, more sustainable world for our children and grandchildren—and what this Greenprint for Silicon Valley is all about.
A New Foundation for Collaborative Workforce Development in Silicon Valley
Silicon Valley must adapt to the economic churn and changing needs of employers for a more skilled workforce in order to remain the epicenter of innovation and entrepreneurship, concludes this comprehensive report on regional workforce development by Joint Venture: Silicon Valley Network, NOVA, the San Mateo County Workforce Investment Board and work2future.
Joint Venture
in the News
July 26, 2010 - (San Jose Mercury News) - Silicon Valley export growth lags nation. The development of new industries not necessarily tied to exports, such as clean energy, could be another reason for slower export growth, said Russell Hancock, president and chief executive officer of Joint Venture: Silicon Valley Network. More.
July 25, 2010 - (San Jose Mercury News) - People on the Move. Wells Fargo executive Eric Houser elected to Joint Venture board. More.
July 18, 2010 - (The Work Style Magazine) - New gadgets are still delighting customers, Yosemite is still beautiful and Hollywood is still filling theatres, but the state is facing major economic difficulties. "Silicon Valley is feeling a lot of pain," says Russell Hancock, chief executive of Joint Venture. More.
July 9, 2010 - (Palo Alto Online) - Under siege: Federal funding that has historically sustained Silicon Valley economic growth is threatened. More.
June 30, 2010 - (Deccan Herald - India) - Silicon Valley may lose its edge. Silicon Valley's economy is sputtering and risks permanently stalling, according to an annual report by a group of researchers in the region. More.
June 12, 2010 - (San Jose Mercury News) - Cassidy: What the rest of us made. According to Joint Venture: Silicon Valley Network's most recent economic index, our per capita income declined just under 3 percent in 2009. More.
June 10, 2010 - (San Mateo County Daily Journal) - Councilman says cities should not give to nonprofits. Before Charlie Bronitsky was elected to the Foster City Council in November he did not realize the city was in the practice of doling out money to area nonprofits every year. More.
May 30, 2010 - (San Francisco Chronicle) - Community colleges to get funds for retraining. "This is especially true in a place like Silicon Valley, where we are constantly creating new industries and obsoleting old ones, forcing people to transition every few years," said Russell Hancock, chief executive of Joint Venture Silicon Valley, a business-backed public policy group that believes community colleges are essential to providing skilled technical workers. More.
May 21, 2010 - (Silicon Valley/San Jose Business Journal) - Editorial: Invest in your business: Hire an intern. A number of recent studies, including one by Joint Venture: Silicon Valley Network, have reported Silicon Valley, long regarded as the epicenter of innovation, could be losing its edge. I say things are still OK in the valley. More.
May 21, 2010 - (San Jose Mercury News) - Web 2.0 companies settling in San Francisco. Economists and groups such as Joint Venture: Silicon Valley Network say the core of the Bay Area from San Francisco to San Jose is essentially a single economic unit in which everyone benefits from the success of any company within it. More.
May 13, 2010 - (Almanac News) - A plan in the works for Menlo Park's city center has received an award from the Grand Boulevard Initiative, a collaboration of Peninsula cities and counties from Daly City to San Jose aimed at revitalizing El Camino Real. More.
May 9, 2010 - (San Jose Mercury News) - Cassidy: Return of Silicon Valley swagger will take more than iPad apps. "Our area has problems," Russell Hancock, CEO of Joint Venture: Silicon Valley Network, tells NBC11 reporter Scott Budman at one point. "We're not solving our basic problems." More.
May 9, 2010 - (San Jose Mercury News) - People on the Move: Joint Venture: Silicon Valley Network: The San Jose organization that monitors Silicon Valley's economic health appointed Ben Foster to its board of directors. Currently, he serves as vice president of operations at Optony. More.
May 6, 2010 - (NBC Bay Area) - Silicon Valley brain power drain. Part 3 of Scott Budman's week-long series on the Silicon Valley economy, includes interview with Joint Venture CEO Russell Hancock. More.
May 2, 2010 - (San Jose Mercury News) - Mark Bauhaus named to Joint Venture board of directors. More.
May 1, 2010 - (NBC Bay Area) - How to Save Silicon Valley. We decided to dig deep into Silicon Valley, its culture, and its businesses, for a week-long series of reports called "Boom, Bust, and Beyond." We got a lot of help from Valley heavy hitters. Some, like Joint Venture Silicon Valley CEO Russell Hancock, say that after a series of ups and downs, the Valley faces a current slump it may not be able to get out of. More.
April 28, 2010 - (USA Today) - Many Silicon Valley start-up companies work from home. The shift is reflected in a rise in vacant commercial real estate, up 33% last year compared with 2008, reports the 2010 Silicon Valley Index, an annual study by non-profit Joint Venture: Silicon Valley Network. The number of smaller companies, many of which are operated out of residences, has steadily increased to more than 120,000, the index says.
April 16, 2010 - (Salon.com) - Will startups get squeezed by a tech hiring binge? As recently as February, the economy in Silicon Valley was said to be “sputtering,” according to a report by two Valley non-profit groups. “We show no evidence that the recovery has arrived,” Russell Hancock, chief executive of one of the groups, told the New York Times. More.
April 16, 2010 - (Palo Alto Online) - Riding Palo Alto's clean tech revolution. In February, the groups Joint Venture: Silicon Valley Network and Silicon Valley Community Foundation released the 2010 Index of Silicon Valley, a report full of sobering news about the local economy. According to the annual index, venture-capital investment in Silicon Valley's clean-tech companies dropped from $1.9 billion in 2008 to $1.2 billion in 2009 -- a 37 percent drop. More.
April 14, 2010 - (San Francisco Examiner) - A regional Wi-Fi plan — with San Carlos and Palo Alto as pilot sites — that would have connected up to 40 cities with wireless Internet service has all but been abandoned. San Carlos business owners know there is a Wi-Fi network ready to go in their city, but they are not using it. More.
April 9, 2010 - (Menlo College News) - While economic and business classes are essential to each student's education, there is a rush at the beginning of each semester to reserve spots in all of the available art classes. "A rich life has many dimensions," said Russell Hancock, President and CEO of Joint Venture: Silicon Valley Network, and Artist-in-Residence at Menlo College. More.
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