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Grand Boulevard Initiative awarded $350,000 Caltrans grant

green logoJune 27, 2016 – Caltrans has awarded Joint Venture's Grand Boulevard Initiative a Sustainable Transportation Planning Grant of nearly $350,000 for multimodal streetscape improvements to El Camino Real in Palo Alto and Redwood City.

The funds will facilitate a comprehensive public engagement process for planning in the two cities, chosen based on their high proportion of bicycle and pedestrian collision rates.

Read the news release.

Joint Venture board adds top exec at Ernst & Young and Water District Chair

Keegan headshot Karavadra headshotJune 10, 2016 - The Joint Venture board of directors has elected Santa Clara County Water District Director Barbara Keegan and Ernst & Young LLP Silicon Valley Managing Principal Kailesh Karavadra as its newest members.

Keegan, a former engineering unit manager with the water district and a director since 2012, is a third generation civil engineer who previously served in senior public works positions for the cities of San Jose for 18 years and Sunnyvale for four. 

Karavadra has been with Ernst & Young LLP for 25 years and has headed the Silicon Valley office since 2012, leading more than 750 professionals in the San Jose area.

Read the news release.

Peninsula economy update: job growth, housing shortage both climbing

burgundy and white report coverJune 2, 2016 – The San Francisco Peninsula added 15,000 jobs in April, capping a year in which job growth was more than double the national average, Joint Venture Silicon Valley’s Institute for Regional Studies reported today.

A new brief from the Institute shows that year-over-year job growth on the Peninsula, which includes San Francisco, San Mateo and Santa Clara Counties, ranged between 80,000 and 100,000 for the past two years, an annual growth rate of more than 4 percent.

Read the news release.

Download the brief.

Joint Venture is seeking a Chief Development Officer

May 31, 2016 - Joint Venture is looking for a Chief Development Officer to raise funds that will sustain and grow the organization's programs and initiatives.

The CDO will be responsible for all channels of fundraising, including corporate and foundation relations, individual giving, including board giving and engagement, as well as development operations and donor stewardship.

See the complete job description and application process.

Meet Sherri Sager, Lucile Packard Children's Hospital

Sherri with her nieces and nephew.Sherri Sager, chief government and community relations officer for Lucile Packard Children’s Hospital Stanford and Joint Venture board member, frequently travels to Washington, Sacramento and throughout the region to advocate for LPCH and its patients. Next month she will accompany a four-year-old Silicon Valley boy and his family to Washington on an important mission.

They will be there to ask Congress for a hearing on HR 546, the Advancing Care for Exceptional Kids Act, which benefits children with “medically complex” conditions. The boy’s condition certainly qualifies as complex – he needed the consent of every one of his 16 pediatric specialists to make the trip.

Read Sherri's profile.

Monthly Investors Council Spotlight

Applied Materials logo town of Colma logo Stanford Healthcare 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.

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.


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 (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.

Poverty Brief, March 2015

poverty brief cover 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.

In The News

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

April 20, 2016 - (InsideEVs.com) - Plug In, Drive Out: Largest Public EV Charging Center in California Opens in Santa Clara: “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 19, 2016 - (Workpermit.com) - US H-1B Visa Cap Reached Within Seven Days: "According to the San Jose Mercury News, with reference to data from Joint Venture Silicon Valley – a group that dealt with a number of the issues affecting the Silicon Valley economy – foreign workers account for the majority of jobs held across several sectors of the region's economy..." More.