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What's Happening Now

Joint Venture board adds Google, Silicon Valley Bank executives

headshot headshotNovember 18, 2016 – The Joint Venture board of directors today elected Google government affairs and public policy manager Javier Gonzalez and Silicon Valley Bank’s head of corporate social affairs Craig Robinson as its newest members.

Gonzalez has a broad range of experience in government and legislative advocacy in the Bay Area, Silicon Valley and Sacramento. Robinson has been with SVB eight years, previously serving as Head of Enterprise Risk Management and CRA Officer.

Read the news release.

Peninsula economy update: Job growth and more residents worsen housing shortage, transportation

report coverNovember 21, 2016 – Sustained economic growth has brought a surge of jobs and residents to the San Francisco Peninsula, exacerbating the area’s lack of housing and transportation challenges, Joint Venture Silicon Valley’s Institute for Regional Studies has reported.

The region’s unemployment rate has fallen below four percent – levels not seen since the dot com peak in 2000 – and poverty rates are well below state and national levels, according to the report.

Read the news release.

Download the full report.

Job growth, rising home prices increase Silicon Valley megacommuting

line chartNovember 21, 2016 – Silicon Valley’s economic boom is forcing greater numbers of solo drivers to endure megacommutes of 90 minutes or more to work, the Joint Venture Silicon Valley Institute for Regional Studies determined in a recent report.

The Institute found that 5.3% of Silicon Valley workers in 2015 were megacommuters, up from 3% in 2011. They are coming primarily from Alameda County (18.4%), San Francisco (19.8%), and San Joaquin County (13.1%).

Read the news release.

Meet Kailesh Karavadra, Ernst & Young LLP

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Office Managing Partner, Ernst & Young LLP (EY), and Joint Venture Board Member

Just about now, as the calendar turns to December, Kailesh Karavadra will be shaving off his “Movember” beard, ending his first venture into the annual event that encourages men to sprout facial hair during the month of November to raise awareness for men’s health issues.

For Karavadra, the managing partner of Ernst & Young’s San Jose office and a Joint Venture board member, the global Movember cause has been a “growth” experience in more ways than one. 

Read Kailesh's profile.

Mobility project wins $1 million federal grant

cars in trafficOctober 18, 2016 - A regional consortium of stakeholders has teamed up to win a $1 million federal grant for a demonstration project to reduce single-occupant vehicle driving from 75 percent to 50 percent in the Bay area using commuter trip reduction software, a multimodal trip planning app and workplace parking rebates, the City of Palo Alto and Joint Venture Silicon Valley announced today.

The grant is for the Bay Area Fair Value Commuting Demonstration project, part of the U.S. Department of Transportation’s Mobility on Demand initiative. The initiative is designed to help communities nationwide incorporate the latest technology into their public transit services, including first/last mile connections, smart congestion management, improved shuttle services and more.

Read the news release. | Learn more about the Managers Mobility Partnership.

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 www.siliconvalleyindicators.org?

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

Building Trades logo Foster City logo green and white 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 www.siliconvalleyindicators.org.

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 www.siliconvalleyindicators.org.

In The News

November 29, 2106 - (Mountain View Voice) - Federal Grant Aims to Boost Valley's Traffic Reduction Efforts: "The project summary submitted by Joint Venture and Palo Alto notes that Fair Value Commuting program is about 40 percent of the way to becoming a 'robust, scalable solution.'" More

November 25, 2016 - (VOA Cambodia) - The Cambodians at the Heart of the Technology Revolution: "According to recent census data compiled by the Silicon Valley Institute for Regional Studies, more than a third of its working residents are foreign-born, much higher than the national average of about 13 percent." More

November 17, 2016 - (Bloomberg) - China's Internet Moguls See Chance to Capitalize on Era of Trump: "...about two-thirds of people working in computing and mathematics fields are foreign-born, according to a study by Joint Venture Silicon Valley using 2014 government data." More

November 14, 2016 - (Straits Times) - Silicon Valley in Jitters - Anti-immigration Stance Could hurt Growth: "In two Silicon Valley counties, about two-thirds of people working in computing and mathematics fields are foreign-born, according to a study by research firm Joint Venture Silicon Valley, using 2014 US government data." More

November 12, 2016 - (India Economic Times) - Why Donald Trump victory may close the tap on future Nadellas & Pichais: "In two Silicon Valley counties, about two-thirds of people working in computing and mathematics fields are foreign-born, according to a study by research firm Joint Venture Silicon Valley using 2014 US government data." More

November 11, 2016 - (Computer Weekly) - Could a Trump Presidency Lead to an Independent California?: "In certain parts of the valley, for example, as many as two-thirds of people working in STEM fields are foreign-born, according to a study from Joint Venture Silicon Valley." More

November 10, 2016 - (Silicon Valley Business Journal) - Cook, Zuckerberg, Other Tech Execs Reassure Workers About Trump: "Last year, 36.3 percent of people living in Silicon Valley were born outside the U.S., according to the latest estimate from Joint Venture Silicon Valley." More

November 9, 2016 - (Bloomberg.com) - Trump Win is Silicon Valley's Loss on Immigration: 'In two Silicon Valley counties, about two-thirds of people working in computing and mathematics fields are foreign-born, according to a study by research firm Joint Venture Silicon Valley using 2014 U.S. government data." More.

November 5, 2016 - (Los Angeles Times) - LA Now: The Megacommute Has Taken Over the Bay Area: “'It shows how hot our economy is, but it also shows how bad our housing and traffic problems are,' said Russell Hancock, president of Joint Venture Silicon Valley." More

November 3, 2016 - (CBS SF Bay Area) - Peninsula 60,000 Housing Units Short, Report Says: "The report by the Joint Venture Silicon Valley’s Institute for Regional Studies said the region ... is short 60,000 housing units, a problem exacerbated in the last year by the addition of 65,600 jobs and 39,800 residents." More

November 3, 2016 - (NBC Bay Area) - "Silicon Valley Megacommute Averages 90 Minutes, Worse Than LA: "(Jon Haveman's) study was released this week in conjunction with the Joint Venture Silicon Valley Institute for Regional Studies." More.

November 2, 2016 - (San Jose Mercury News) - Shocking new studies: Silicon Valley’s ‘megacommute’ even worse than L.A.: '“This is a sad tale,' said Russell Hancock, president of Joint Venture Silicon Valley. “It shows how hot our economy is, but it also shows how bad our housing and traffic problems are.” Joint Venture’s Institute for Regional Studies released the two reports." More.

November 2, 2016 - (Silicon Valley Business Journal) - "Megacommutes" on the Rise in Silicon Valley: "A new report from Joint Venture Silicon Valley's Institute for Regional Studies found that 5.3 percent of Silicon Valley workers qualify as megacommuters, up from 3 percent in 2011." More.