What's Happening Now
2015 State of the Valley
2015 State of the Valley recap video by PRx Digital.
More than 1,200 people packed the 2015 State of the Valley conference on Feb. 4 at the Santa Clara Convention Center, where they heard keynote remarks from Stanford University President John Hennessy, Time assistant managing editor Rana Foroohar, author and political theorist Benjamin Barber, and Technology Partners general partner Ira Ehrenpreis, as well as a panel discussion with Sam de Brouwer, Veronica Juarez, Jitendra Kavathekar, Matt Mahan (moderator), Jeff Modisett, and Ben Nelson. The day began with an update on the region’s economy and also featured the Packard Award presentation to Chris DiGiorgio and Chuck Reed, an exhibitors hall, and entertainment by local youth groups.
Briefing on the 2015 Silicon Valley Index
The 2015 Silicon Valley Index revealed that 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. At the same time, the wave of prosperity continues to widen the middle-income gap and strain the region’s ability to accommodate its ever-rising housing costs, commuter rates, traffic and transit ridership.
The comprehensive yearly analysis of the economic strength and overall health of Silicon Valley showed the region with nearly 58,000 new jobs – the highest growth rate since 2000 – 42,000 new residents, average annual earnings of $116,000, venture capital investments higher than any other year since 2000, 17,000 new patent registrations and more than 16 million square feet of new commercial building space approved.
Here is Joint Venture President and CEO Russell Hancock’s report on the 2015 Index to the annual State of the Valley conference Feb. 4, 2015.
Learn more about the Silicon Valley Index online at www.siliconvalleyindicators.org.
Poverty Brief, March 2015
This research brief examines aspects of poverty in the San Francisco Bay Area, its regional distribution and areas of intense concentration, as well as the demographics of the impoverished population.
Learn more about the Poverty Brief, view interactive charts, and download the underlying chart data on the indicators website.
Silicon Valley Index - 2015
Learn more about the Silicon Valley Index online at www.siliconvalleyindicators.org.
Driving Clean Energy Adoption: Regional Approaches and Success Factors in the U.S. and China
As of the end of 2013, China and the United States were the two top countries in terms of total installed renewable power capacity, as well as investments in renewable energy. Driving Clean Energy Adoption examines five leading clean energy regions in the United States and China based on primary and secondary research, including numerous interviews of key stakeholders.
Included in the report are information and findings that are broadly applicable to other regions working to further clean energy adoption. The drivers, benefits and considerations for regional success in promoting clean energy adoption are outlined, case studies are presented, and resulting key challenges and success factors are extracted and provided. The findings suggest a handful of the most important factors for regional clean energy adoption relating to policy frameworks, utility involvement, collaboration, local leadership and innovation.
Sunnyvale Community Solar Array Development Feasibility Study
This report studies the feasibility and assesses the options for municipalities like Sunnyvale who want to provide residential and commercial subscribers with renewable energy. It follows on the heels of legislation signed into law in September 2013 (Senate Bill 43) which offers new regulatory mechanisms for deploying shared renewables projects in California communities. It also launched the Green Tariff Shared Renewables program (GTSR).
In The News
April 24, 2015 - (Wall Street Journal) - Weekend Read: Will the Tech Boom Go Bust?: "After the think tank Joint Venture Silicon Valley released an optimistic report about the region’s economy, its president Russell Hancock told the reporter, 'I don’t see any kind of bubble. This is not 2000.'” More.
April 23, 2015 - (Mountain View Voice) - City Sets Goals to Boost Housing Supply: "As for transportation projects, city leaders prioritized completing the last segment of a transit trail in the North Bayshore and working on regional traffic solutions through Joint Venture Silicon Valley." More.
April 23, 2015 - (Washington Post) - Why the Pentagon is Wooing Silicon Valley (and the Valley is Playing Hard to Get): "“They just couldn’t be farther apart,” said Russell Hancock, president of Joint Venture Silicon Valley... More.
April 22, 2105 - (Boston Herald) - San Fran Housing Rent Up a Sizzling 14.8 Percent in 12 Months: "Tech workers living in the San Francisco Bay area earn an average of $184,309 annually, according to the Joint Venture Silicon Valley." More.
April 21, 2015 - (Minneapolis Star Tribune) - Charities Put Smartphones in the Hands of the Homeless: "That is compared with $61,489 in the U.S. as a whole, according to Joint Venture Silicon Valley." More.
April 18, 2015 - (Palo Alto Weekly) - Guest Opinion: Huge Income 'Gender Gap' — A Conspiracy or Just Socioeconomics?: "The blockbuster headline news out of this year's 'State of the Valley' conference and detailed 'Index' report was that the so-called 'gender gap' in pay for men and women is bigger as they obtain advanced degrees. But why? More.
April 17, 2015 - (Silicon Valley Business Journal) - Silicon Valley Workers Join Fight for $15: "The median income for skilled tech workers tops $118,700, while low-skill workers' wages hover around $27,000, according to a recent report from Joint Venture Silicon Valley." More.
April 14, 2015 - (New York Times) - Fighting Homelessness, One Smartphone at a Time: "That is compared with $61,489 in the United States as a whole, according to Joint Venture Silicon Valley, which publishes an annual report." More.
April 13, 2015 - (Silicon Valley Business Journal) - Showdown Looms for the Fate of Palo Alto's Last Affordable Haven: "The median income for skilled tech workers tops $118,700, while low-skill workers' wages hover around $27,000, according to a recent report from Joint Venture Silicon Valley. More.
April 3, 2015 - (International Business Times) - New Facebook, Apple, Google Campuses Expected To Exacerbate Silicon Valley's Housing Crisis: "Last year, the median home price in Silicon Valley ... reached $757,585, according to Joint Venture Silicon Valley (JVSV). More.
April 2, 2015 - (Breitbart) - Silicon Valley Leads in Income, Lags in Poverty: "'The Bay Area has a fast-growing frontier economy that is the starting point for much of the technology created nationwide,' said Jon Haveman, a San Rafael-based economist who prepared the report for Joint Venture Silicon Valley." More.
April 2, 2015 - (Silicon Valley Business Journal) - Poverty Rate Still Near All-Time High in Bay Area: "About 11.3 percent of those living in the Bay Area are existing at or below the poverty line, according to a new report out on Wednesday from the Joint Venture Silicon Valley Institute for Regional Studies." More.
April 2, 2015 - (San Jose Mercury News) - Poverty Rates Near Record Levels in Bay Area Despite Hot Economy: "About 11.3 percent of Bay Area residents are living at or below the poverty level, according to the report, "Poverty in the Bay Area," that was released by the Joint Venture Silicon Valley Institute for Regional Studies. More.
April 1, 2015 - (PR Week) - New Generation of Disrupters Breathes Fresh Life into Silicon Valley: "Silicon Valley’s job growth rate was 4.1% last year, the highest since 2000 and about two percentage points higher than the national rate, according to think tank Joint Venture Silicon Valley." More.
March 31, 2015 - (CNET) - Scantily Clad Booth Babes at Tech Trade Shows Get Wardrobe Check: "Women in Silicon Valley are paid on average 39 percent less than their male counterparts, according to a February report by research organization Joint Venture Silicon Valley." More.
March 27, 2015 - (India West) - Unity Dinner: Immigration Must Be National Priority: "Immigration must be a top priority to ensure the continued growth of the U.S. economy, said Russell Hancock, president and CEO of Joint Venture Silicon Valley, on the sidelines of the 14th annual Unity Dinner, held Mar. 20 at the India Community Center.More.
March 23, 2015 - (People's World) - State of Silicon Valley 2015: A Tale of Two Americas: "Also released this year was the 2015 Index from Joint Venture Silicon Valley, distributed at the yearly State of Silicon Valley conference in February." More.
March 20, 2015 - (Silicon Valley Business Journal) - Sky-High Housing Prices Force Silicon Valley CEOs Across Industries to Adapt: "Last year, the region’s economy added 58,000 new workers, according to the 2015 Silicon Valley Index, published by Joint Venture Silicon Valley." More.
March 19, 2015 - (Silicon Valley Business Journal) - Good News: Job gains Surge in Santa Clara County; Bad News? Housing and Traffic: "The median income for skilled tech workers tops $118,700, while low-skill workers' wages hover around $27,000, according to a recent report from Joint Venture Silicon Valley." More.