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New Institute Report on how state regulations impact Silicon Valley job growth

blue and orange report coverJuly 18, 2016 - Joint Venture's Silicon Valley Institute for Regional Studies has issued a new report on the way state regulations of business activities affects job growth in Silicon Valley. 

The report, commissioned by the City of San Jose and authored by economist Jon Haveman, found "some evidence" that Silicon Valley is losing employment relative to other locations in California due to state regulations, but saw no discernible influence on job creation in the vast majority of industries in Silicon Valley.

Download the report.

Joint Venture, SVTP execs pen Mercury op-ed on food waste

headshot headshotJuly 13, 2016 - Joint Venture CEO Russell Hancock and Silicon Valley Talent Partnership Executive Director Lea King co-authored a recent guest editorial in the San Jose Mercury News extolling the need for a regional plan to recover surplus food and distribute to those most in need.

In conjunction with Santa Clara County, Joint Venture and SVTP "are working to enhance the existing effort through a more productive donor, transportation and distribution system and by using innovative technologies," they wrote.

Read the editorial.

Meet Jonathan Stock, USGS Innovation Center

man sitting on mountain with survey equipmemt

July 11, 2016 - Like most people in the Bay Area, Jonathan Stock remembers exactly where he was at 5:04 p.m. on October 17, 1989 when the Loma Prieta earthquake struck the Bay Area. Stock, a research geologist, Director of the U.S. Geological Survey’s Innovation Center in Menlo Park and an active partner in Joint Venture’s climate response work, was in his Cowell College dorm at UC Santa Cruz.

“Pretty much ground zero,” he recalls of the 6.9 magnitude quake. “The shaking was so strong and the bright afternoon sun was blinding me through the window, so my first thought was, it’s a nuclear detonation. This is it, war."

Read Jonathan's profile.

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

AT&T logo city of Cupertino logo Ebay Foundation

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

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.

Economic Update: The Peninsula Economy - June 2016

white and burgundy cover This brief, the second 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.

Economic Update: The Peninsula Economy - April 2016

white and burgundy cover This brief 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.

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.

Income Inequality Brief - June 2015

Income Inequality brief cover This research brief examines data on Bay Area income inequality and how it varies within the region, including comparisons to the state and nation as a whole.

Learn more about the Income Inequality Brief, view interactive charts, and download the underlying chart data on the indicators website.

Population Brief - May 2015

population brief cover This research brief examines Silicon Valley’s population dynamics, including overall population growth, growth by city and county, birth and death rates, and the changing population composition in terms of age and gender. It also examines recent California Department of Finance (DOF) population and K-12 enrollment projections through 2023.

Learn more about the Population Brief, view interactive charts, and download the underlying chart data on the indicators website.

In The News

July 21, 2016 - (KPIX-TV) - Peter Thiel Shows Up for Trump: "Both of these people are men of contradictions," says Joint Venture CEO Russell Hancock. Video

July 15, 2016 - (Financial Times) - Inside Hacker Dojo, the Soul of Silicon Valley: "...figures provided by the Silicon Valley Institute for Regional Studies show strong increases in the number of residents aged 20-29." More

July 12, 2016 - (San Jose Mercury News) - Guest editorial: King, Hancock: Hunger in Silicon Valley Can Be Ended with Community Plan: The two nonprofits we lead have teamed up to convene organizations engaged in surplus food recovery and distribution. More.

July 4, 2016 - (Reuters) - Israel's High-Tech Boom Threatened by Shallow Labour Pool: "Nearly 75 percent of computer and math workers aged 25-44 employed in California's Silicon Valley are foreign-born, according to the Silicon Valley Institute for Regional Studies." More.

June 20, 2016 - (San Jose Mercury News) - California's Skyrocketing Housing Costs, Taxes Prompt Exodus of Residents: "'A lot of middle-class jobs have vaporized,' said Russell Hancock, president of San Jose-based Joint Venture Silicon Valley." More

June 1, 2016 - (South Pasadena Review) - Linda Hess, Founder of Urban Harvester, Woman of the Year: "Linda and Urban Harvester found themselves partnering up with Joint Venture Silicon Valley in 2015 for an initiative to look into the current efforts in addressing the growing hunger and poverty issues happening throughout the Silicon Valley." More.

May 19, 2016 - (Mountain View Voice) - Upsetting Sacred Cows to Solve Housing Crisis?: "Just last year, the South Bay added 64,000 new jobs, but only 5,000 new housing units, according to Joint Venture Silicon Valley, a regional think tank." More.

May 18, 2016 - (10News Tampa Bay) - New Technology Could Bring Driverless 18-Wheelers: "'Some trucking accidents happen because the drivers fall asleep. So that's not going to be a problem anymore,' said Steve Raney with Joint Venture Silicon Valley." More

May 17, 2016 - (Silicon Valley Business Journal) - Granny Units Coming to a Neighborhood Near You?: "The bill has received endorsements from the Bay Area Council, California Chamber of Commerce, Joint Venture Silicon Valley, Bridge Housing and Facebook." More

May 10, 2016 - (Viodi.com) - Jump Starting Mobility Efficiency: "His comments echo the view of the audience at the Joint Venture Silicon Valley 2016 State of the Valley Conference." More

May 6, 2016 - (San Jose Mercury News) - Jamba Juice Will Leave East Bay, Move HQ to Texas: "'Maybe we are getting to the point where some companies say it doesn't make sense to be here,' said Russell Hancock, president of Joint Venture Silicon Valley." More

May 5, 2016 - (Santa Clara Weekly) - New Electric Vehicle Charging Station Opens Near Levi's Stadium: "Russell Hancock, president and CEO of Joint Venture Silicon Valley, said the station’s opening is in line with its 2009 Climate Prosperity initiative." More

May 3, 2016 - (Wall Street Journal) - Is the Tech Bubble Popping? Ping Pong Offers an Answer: "Table buying 'tracks most closely with startups that hit that threshold where they’re taking out office space,' says Russell Hancock, chief executive of think tank Joint Venture Silicon Valley, which follows economic trends." More

May 2, 2016 - (San Jose Mercury News) - One-third of Bay Area Residents Hope to Leave Soon, Poll Finds: "'The economic divide in the Bay Area is real,' said Russell Hancock, president of Joint Venture Silicon Valley." More.

April 28, 2016 - (San Jose Mercury News) - Bay Area Residents Wary of New Housing Development: "'NIMBY is alive and well, and maybe stronger than ever,' said Russell Hancock, president of San Jose-based Joint Venture Silicon Valley..." More

April 25, 2016 - (Cleantechnica.com) - Santa Clara Electric Vehicle Charging Center the Largest in California: "Santa Clara’s municipal electric utility Silicon Valley Power (SVP) collaborated with the Electric Power Research Institute (EPRI), Joint Venture Silicon Valley, ChargePoint, and MJR Electric. More

April 23, 2016 - (Motherboard) - Silicon Valley Girls: Growing Up Female Among the Bay Area's Elite: “Poverty rates among school aged children are generally highest in Alameda and Santa Clara Counties and along the I-80 east west corridor, a research brief from the the Silicon Valley Institute for Regional Studies reports." More

April 22, 2016 - (KRON-TV) - Santa Clara Opens Largest Electric Vehicle Charging Center in CA: "Officials from Silicon Valley Power, the Electric Power Research Institute, Joint Venture Silicon Valley, ChargePoint, and MJR Electric, together obtained a $393,000 grant that paid for the construction and equipment for the station." More.

April 21, 2016 - (NGT News) - California's Largest EV Charging Station Opens: "Santa Clara’s municipal electric utility Silicon Valley Power (SVP) collaborated with the Electric Power Research Institute, Joint Venture Silicon Valley, ChargePoint and MJR Electric..." More.