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  • 2015 State of the Valley Conference

    Annual "town hall" meeting on regional economy draws 1200

    crowdFeb. 18, 2015 - More than 1,200 Silicon Valley business, government and community leaders packed the Santa Clara Convention Center Feb. 4 for Joint Venture’s annual State of the Valley conference. The event featured an update on the region’s economy, four provocative keynotes, an expert panel on challenges facing start-ups, the first dual Packard Award presentation, an exhibitor showcase and student entertainment.

    Profuse thanks go to our lead sponsor, Bank of America, and presentation sponsors, Accenture and Wells Fargo Bank, for their valuable support.The conference generated widespread news coverage in the valley, the U.S. and the world, as far away as India and New Zealand.

    Watch the overview video.

    Watch the keynote presentations.

    Read the news coverage.

  • 2015 Silicon Valley Water Conservation Awards

    Nominations accepted through February 27

    blue star with water droplet logoFebruary 17, 2015 - Applications and nominations for the 2015 Silicon Valley Water Conservation Awards are now being accepted.

    Now in its seventh year, the awards highlight innovative water conservation efforts that can serve as models for others by recognizing leadership that has advanced water conservation in San Mateo County, Santa Clara County and Alameda County from Hayward south.

    The closing date is February 27, and winners will be recognized through news releases and at an awards ceremony on March 23 in Palo Alto.

    More information and nomination forms are available at www.waterawards.org.

  • 2015 Silicon Valley Index: Tech economy flourishing and getting hotter

    Annual economic study shows boomtown growth straining Bay Area’s housing, transit, roadways

    2015 Silicon Valley Index coverFeb. 17, 2015 – 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, according to the 2015 Silicon Valley Index released earlier this month by Joint Venture Silicon Valley.

    The comprehensive yearly analysis of the economic strength and overall health of Silicon Valley shows 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.

    “The world’s hottest regional economy keeps getting hotter,” said Russell Hancock, President and CEO of Joint Venture. “We’re poised now to blow through all the employment, venture capital and patent records that were set during the crazy dot-com period, only this time we haven’t spiked into it."

    Watch CEO Russell Hancock's Index report at State of the Valley. | Download the Index.

  • Chuck Reed, Chris DiGiorgio Honored with 2015 Packard Award

    Former board co-chairs accept Joint Venture’s highest honor at State of the Valley conference

    Chuck Reed Chris DiGiorgioFebruary 17, 2015 - Joint Venture Silicon Valley's former board co-chairs Chuck Reed and Chris DiGiorgio were the first dual recipients of the David Packard Award for civic entrepreneurship at the 2015 State of the Valley conference this month.

    Reed, who ended eight years as mayor of San Jose in January, and DiGiorgio, a former longtime Accenture executive, both recently retired from the Joint Venture board after six years as co-chairs. Tech Museum of Innovation president Tim Ritchie presented the award to DiGiorgio; Optony senior vice president Ben Foster presented the award to Reed. 

    Read the news release.

  • This Month on "Inside Silicon Valley"

    Fridays at 7 p.m. and Sundays at noon on 1590 KLIV:

    Inside Silicon Valley logoMarch 1, 2015 - Applying technology to address humanity’s grand challenges, the search for extraterrestrial life and how the “we economy” is changing global economic trends are the topics this month on Joint Venture’s weekly public affairs radio program, “Inside Silicon Valley.”

    Joint Venture CEO Russell Hancock hosts the hour-long program, which airs every Friday at 7 p.m. and again Sunday at noon on 1590 KLIV.

    Scheduled guests this month:

    March 6 & 8: Rob Nail, associate founder and CEO, Singularity University
    March 13 & 15: TBD
    March 20 & 22: Seth Shostak, senior astronomer and director, Institute for SETI Research
    March 27 & 29: Michael Blitz, managing director, Accenture Technology Vision 

    Learn more about the program. | Listen on iTunes.

Top Videos

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.

Top Downloads

Silicon Valley Index - 2015

2015 Silicon Valley Index yellow coverThe 2015 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.




Trends Affecting Workforce Development

SAMCEDA report coverThis report reviews broad economic forces in San Mateo County and the Peninsula and considers their implications for workforce development. The report spotlights the persistence of poverty even in the face of surging job growth, reviews the best practices fostering upward mobility for the workforce, and outlines strategies that can be carried out by workforce boards, community colleges, private industry and community organizations.



Sunnyvale Community Solar Array Development Feasibility Study

Sunnyvale Community Solar Array Development Feasibility Study cover 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).



Smart Energy Enterprise Development Zone (SEEDZ)

SEEDZ Whitepaper coverJoint Venture's "Smart Energy Enterprise Development Zone" (SEEDZ) initiative unites local energy customers, solution providers, municipalities, institutions and utility interests in building the smart energy network of the future – characterized by the highest levels of power reliability, quality, affordability and sustainability.





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In The News

Feb. 27, 2015 - (Palo Alto Online) - Off Deadline — Stanford's John Hennessy Takes a Peek at Stanford's, and the World's, Future: "But his keynote appearance at the 2015 State of the Valley conference in early February was a rare discourse from Hennessy, who has headed Stanford for the past 15 years, an impressive tenure for a university president." More

Feb. 27, 2015 - (San Jose Mercury News) - Teamsters Win Vote to Unionize More Tech Shuttle Bus Drivers in Silicon Valley: "The income gap is particularly stark in the valley, where the median salary for highly skilled workers is nearly $92,000 higher than the median pay for low-skilled employees, according to a recent report from Joint Venture Silicon Valley." More.

Feb. 27, 2015 - (Lodi News-Sentinel) - California's Tech Company Bubble May Soon Burst: "...according to the nonprofit Joint Venture Silicon Valley index, which gauges the area’s living standards, the valley has the state’s widest income gap." More.

Feb. 22, 2015 - (KQED News) - Working Class Struggles in Silicon Valley: "'Thirty percent of our population is living below the self-sufficiency standard,' says Joint Venture Vice President Rachel Massaro. 'That means they can’t survive without public or informal private assistance.'” More

Feb. 21, 2015 - (Wall Street Journal) - Facebook Shuttle Drivers Vote to Ratify New Teamsters Contract: "A report this month from think tank Joint Venture Silicon Valley found that the median annual income for high-skilled workers in the region is about $119,000, while the median income for low-skilled workers is about $27,000." More

Feb. 18, 2015 - (Capital and Main) - Silicon Valley's Brave New Economic Order: As Silicon Valley continues to generate extraordinary wealth – it posted the country’s fastest rate of job growth last year, according to a new report from the regional development group Joint Venture Silicon Valley – it is also establishing the blueprint of a new socio-economic order." More

Feb. 18, 2015 - (Huffington Post) - How Silicon Valley Billionaires are Creating a New Economic Order: "'It’s as if the economy has lost its spine,' the chief executive of Joint Venture Silicon Valley, Russell Hancock, wrote recently, 'and this has important implications for the kind of community we become.'" More.

Feb. 16, 2015 - (Palo Alto Online) - Jay Thorwaldson Guest Column: Silicon Valley Hot and Getting Hotter, Yet with Huge Inequities: "But this time it's no bubble, Russell Hancock, president and CEO of the Joint Venture Silicon Valley, emphasized in introductory comments at a Feb. 4 'State of the Valley' conference in Santa Clara. More

Feb. 12, 2015 - (Santa Cruz Sentinel) - Cupertino Bets Big on Apple Spaceship Campus: "By comparison, the median salary in the valley was $90,415 that year, according to Joint Venture Silicon Valley." More

Feb. 9 2015 - (Yahoo! Finance) - Silicon Valley Tech Economy Booming: "The annual Silicon Valley Index, released by Joint Venture Silicon Valley, representing businesses, government and the broader community, also shows record venture capital investment in technology." More.

Feb. 8, 2015 - (San Jose Mercury News) - Michelle Quinn: Is Silicon Valley's Growing Gender Wage Gap a Boomtime Byproduct?: "But I was surprised to see, tucked in the data-rich report card produced by Joint Venture Silicon Valley on the region's economic health, the finding that in Silicon Valley, men with university degrees are earning much more than women." More

Feb. 8, 2015 - (Tech Crunch) - Startups, a Rich Man's Game: "Joint Venture Silicon Valley, a non-profit regional forum, released its annual Silicon Valley Index, with dozens of tables and charts analyzing the region’s demographics and employment. More

Feb. 7, 2015 - (San Jose Mercury News) - Scott Herold: Damn Lies and Statistics: "Where do you get decent numbers? Start with the Silicon Valley Index just put out by Joint Venture Silicon Valley. While its numbers come in the aggregate -- it defines Silicon Valley as San Mateo, Santa Clara and southern Alameda counties -- it offers fascinating snippets. More.

Feb. 6, 2015 - (Peninsula Press) - John Hennessy Calls for Universal Preschool, Education Reform: "In a fireside chat keynote at Joint Venture Silicon Valley’s State of the Valley conference Wednesday, Stanford President John Hennessy discussed issues surrounding education reform in Silicon Valley and the broader country." More.