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JOINT VENTURE SILICON VALLEYABOUT USINITIATIVESINSTITUTEOUR INVESTORSPUBLICATIONSNEWS & MEDIA Joint Venture CEO Russell Hancock summarized the major findings from the 2021 Silicon Valley Index at the annual State of the Valley conference held online February 23-24. The report showed the region in a state of bifurcation with the tech sector mounting record numbers while the in-person economy shuttered. DOWNLOAD THE 2021 INDEX Download the 2021 Silicon Valley Index. Thank you for your interest in the 2021 Silicon Valley Index! Joint Venture Silicon Valley has been telling the Silicon Valley story for the past two decades. Updated annually, it is a comprehensive report of indicators that measure the strength of our economy and the health of our community, highlighting BUILDING BACK BETTER 2021 SILICON VALLEY INDEX The Silicon Valley Institute for Regional Studies is the research arm of Joint Venture Silicon Valley, and is housed within the organization. Research topics focus on economic and community health issues within Silicon Valley and the greater Bay Area, as well as on broader regional issues. CLIMATE-SAFE CALIFORNIA

BOARD OF DIRECTORS

Joint Venture Board of Directors. The 50-member Joint Venture Board of Directors includes senior-level representatives from business, local and regional government, academia, labor and workforce organizations and the broader community. Of the two co-chairs, one is a representative from the private sector and one is from the public

sector.

DAVID WITKOWSKI

David Witkowski is a wireless and telecommunication industry expert and leader who became Executive Director of Joint Venture's Wireless Communications Initiative (WCI) in 2015. David's passion for technology and wireless began as a hobby during childhood and continued during his service in the US Coast Guard where he led

deployment and

RACHEL MASSARO

Rachel Massaro joined Joint Venture in 2009 to work on the Climate Prosperity Initiative, the Public Sector Climate Task Force and related projects. In 2013 she became vice president, and also serves as the director of research for the Silicon Valley Institute for Regional Studies. She previously was a data analyst, researcher and

field

MEET JOHN SOBRATO, SOBRATO ORGANIZATION John A. Sobrato is a member of many business, education, civic and community boards and foundations, and has received numerous honors and awards for his contributions to Silicon Valley’s business and non-profit communities. John comes to the office weekly and travels frequently up and down the Pacific Coast for business, but in spite of

his

MEET MELISSA STEVENSON DIAZ, CITY OF REDWOOD CITY City Manager, Redwood City. Melissa Stevenson Diaz is too modest to call herself Wonder Woman or Batgirl, but she credits her success to a super hero back story that led her from California to Maine to Japan and back, and ultimately to her “dream job” as the city manager of Redwood City. It was her parents, she says, who instilled important JOINT VENTURE SILICON VALLEYABOUT USINITIATIVESINSTITUTEOUR INVESTORSPUBLICATIONSNEWS & MEDIA Joint Venture CEO Russell Hancock summarized the major findings from the 2021 Silicon Valley Index at the annual State of the Valley conference held online February 23-24. The report showed the region in a state of bifurcation with the tech sector mounting record numbers while the in-person economy shuttered. DOWNLOAD THE 2021 INDEX Download the 2021 Silicon Valley Index. Thank you for your interest in the 2021 Silicon Valley Index! Joint Venture Silicon Valley has been telling the Silicon Valley story for the past two decades. Updated annually, it is a comprehensive report of indicators that measure the strength of our economy and the health of our community, highlighting BUILDING BACK BETTER 2021 SILICON VALLEY INDEX The Silicon Valley Institute for Regional Studies is the research arm of Joint Venture Silicon Valley, and is housed within the organization. Research topics focus on economic and community health issues within Silicon Valley and the greater Bay Area, as well as on broader regional issues. CLIMATE-SAFE CALIFORNIA

BOARD OF DIRECTORS

Joint Venture Board of Directors. The 50-member Joint Venture Board of Directors includes senior-level representatives from business, local and regional government, academia, labor and workforce organizations and the broader community. Of the two co-chairs, one is a representative from the private sector and one is from the public

sector.

DAVID WITKOWSKI

David Witkowski is a wireless and telecommunication industry expert and leader who became Executive Director of Joint Venture's Wireless Communications Initiative (WCI) in 2015. David's passion for technology and wireless began as a hobby during childhood and continued during his service in the US Coast Guard where he led

deployment and

RACHEL MASSARO

Rachel Massaro joined Joint Venture in 2009 to work on the Climate Prosperity Initiative, the Public Sector Climate Task Force and related projects. In 2013 she became vice president, and also serves as the director of research for the Silicon Valley Institute for Regional Studies. She previously was a data analyst, researcher and

field

MEET JOHN SOBRATO, SOBRATO ORGANIZATION John A. Sobrato is a member of many business, education, civic and community boards and foundations, and has received numerous honors and awards for his contributions to Silicon Valley’s business and non-profit communities. John comes to the office weekly and travels frequently up and down the Pacific Coast for business, but in spite of

his

MEET MELISSA STEVENSON DIAZ, CITY OF REDWOOD CITY City Manager, Redwood City. Melissa Stevenson Diaz is too modest to call herself Wonder Woman or Batgirl, but she credits her success to a super hero back story that led her from California to Maine to Japan and back, and ultimately to her “dream job” as the city manager of Redwood City. It was her parents, she says, who instilled important JOINT VENTURE BOARD ADDS NEW DIRECTORS Katie Ferrick, LinkedIn | Claire Johnston, LendLease | Hrishika Vuppala, McKinsey & Company. June 11, 2021 – The Joint Venture Silicon Valley board of directors today elected three new board members at its quarterly meeting. Katie Ferrick, Senior Director of Workplace Programs at LinkedIn; Claire Johnston, Managing Director of Google Real Estate Development at LendLease; and Hrishika JOINT VENTURE'S INSTITUTE FOR REGIONAL STUDIES NAMES DREW Starbird to provide counsel on hunger and food assistance research projects. June 10, 2021 – Joint Venture Silicon Valley’s Institute for Regional Studies has named Drew Starbird as a senior fellow. A frequent contributor to the Institute’s research on hunger and food assistance projects, Starbird will provide continuing counsel and work on broader initiatives. INSTITUTE NAMES DREW STARBIRD SENIOR FELLOW June 10, 2021 – Joint Venture’s Institute for Regional Studies has named Drew Starbird as a senior fellow. A frequent contributor to the Institute’s research on hunger and food assistance projects, Starbird will provide continuing counsel and work on broader

initiatives.

BUILDING BACK BETTER This initiative is also tasked to provide data, asset mapping, and transparent reporting. Using the Silicon Valley Recovery Roundtable and San Mateo County Recovery Initiative reports as a framework, the Building Back Better initiative will identify opportunities for collaboration, track gaps in resources and leadership, and reduce

overlaps.

2021 SILICON VALLEY INDEX The Silicon Valley Institute for Regional Studies is the research arm of Joint Venture Silicon Valley, and is housed within the organization. Research topics focus on economic and community health issues within Silicon Valley and the greater Bay Area, as well as on broader regional issues. STAFF - JOINT VENTURE Established in 1993, Joint Venture provides analysis and action on issues affecting the Silicon Valley economy and quality of life. The organization brings together established and emerging leaders—from business, government, academia, labor and the broader community—to spotlight issues, launch projects and work toward innovative

solutions.

2020 SILICON VALLEY INDEX: CONTINUED EXPANSION, MOUNTING 2020 Silicon Valley Index: Continued Expansion, Mounting Challenges. 9-year expansion adds more jobs, new levels of productivity, VC megadeals, record amounts of commercial space. Yet fewer start-ups see funding, and inequality reaches new

DAVID WITKOWSKI

David Witkowski is a wireless and telecommunication industry expert and leader who became Executive Director of Joint Venture's Wireless Communications Initiative (WCI) in 2015. David's passion for technology and wireless began as a hobby during childhood and continued during his service in the US Coast Guard where he led

deployment and

MEET CHRISTINA BRIGGS, CITY OF FREMONT Briggs landed at the City of Fremont in 2010 as economic development manager and by 2015 was named deputy director of economic development and assistant to the city manager. In January of 2020 she stepped into her current role. Fremont is a large city geographically with an impressive industrial base. With a culturally-diverse population of MEET NICOLE TAYLOR, SILICON VALLEY COMMUNITY FOUNDATION President and CEO, Silicon Valley Community Foundation and Joint Venture Board Co-chair. Changing lives and perspectives. By Robin Doran | Published: April 2021. At a challenging moment in our history, Nicole Taylor is the right person in the right job at the right time. JOINT VENTURE SILICON VALLEYABOUT USINITIATIVESINSTITUTEOUR INVESTORSPUBLICATIONSNEWS & MEDIA Joint Venture CEO Russell Hancock summarized the major findings from the 2021 Silicon Valley Index at the annual State of the Valley conference held online February 23-24. The report showed the region in a state of bifurcation with the tech sector mounting record numbers while the in-person economy shuttered. DOWNLOAD THE 2021 INDEX Download the 2021 Silicon Valley Index. Thank you for your interest in the 2021 Silicon Valley Index! Joint Venture Silicon Valley has been telling the Silicon Valley story for the past two decades. Updated annually, it is a comprehensive report of indicators that measure the strength of our economy and the health of our community, highlighting BUILDING BACK BETTER 2021 SILICON VALLEY INDEX The Silicon Valley Institute for Regional Studies is the research arm of Joint Venture Silicon Valley, and is housed within the organization. Research topics focus on economic and community health issues within Silicon Valley and the greater Bay Area, as well as on broader regional issues. CLIMATE-SAFE CALIFORNIA

BOARD OF DIRECTORS

Joint Venture Board of Directors. The 50-member Joint Venture Board of Directors includes senior-level representatives from business, local and regional government, academia, labor and workforce organizations and the broader community. Of the two co-chairs, one is a representative from the private sector and one is from the public

sector.

DAVID WITKOWSKI

David Witkowski is a wireless and telecommunication industry expert and leader who became Executive Director of Joint Venture's Wireless Communications Initiative (WCI) in 2015. David's passion for technology and wireless began as a hobby during childhood and continued during his service in the US Coast Guard where he led

deployment and

RACHEL MASSARO

Rachel Massaro joined Joint Venture in 2009 to work on the Climate Prosperity Initiative, the Public Sector Climate Task Force and related projects. In 2013 she became vice president, and also serves as the director of research for the Silicon Valley Institute for Regional Studies. She previously was a data analyst, researcher and

field

MEET JOHN SOBRATO, SOBRATO ORGANIZATION John A. Sobrato is a member of many business, education, civic and community boards and foundations, and has received numerous honors and awards for his contributions to Silicon Valley’s business and non-profit communities. John comes to the office weekly and travels frequently up and down the Pacific Coast for business, but in spite of

his

MEET MELISSA STEVENSON DIAZ, CITY OF REDWOOD CITY City Manager, Redwood City. Melissa Stevenson Diaz is too modest to call herself Wonder Woman or Batgirl, but she credits her success to a super hero back story that led her from California to Maine to Japan and back, and ultimately to her “dream job” as the city manager of Redwood City. It was her parents, she says, who instilled important JOINT VENTURE SILICON VALLEYABOUT USINITIATIVESINSTITUTEOUR INVESTORSPUBLICATIONSNEWS & MEDIA Joint Venture CEO Russell Hancock summarized the major findings from the 2021 Silicon Valley Index at the annual State of the Valley conference held online February 23-24. The report showed the region in a state of bifurcation with the tech sector mounting record numbers while the in-person economy shuttered. DOWNLOAD THE 2021 INDEX Download the 2021 Silicon Valley Index. Thank you for your interest in the 2021 Silicon Valley Index! Joint Venture Silicon Valley has been telling the Silicon Valley story for the past two decades. Updated annually, it is a comprehensive report of indicators that measure the strength of our economy and the health of our community, highlighting BUILDING BACK BETTER 2021 SILICON VALLEY INDEX The Silicon Valley Institute for Regional Studies is the research arm of Joint Venture Silicon Valley, and is housed within the organization. Research topics focus on economic and community health issues within Silicon Valley and the greater Bay Area, as well as on broader regional issues. CLIMATE-SAFE CALIFORNIA

BOARD OF DIRECTORS

Joint Venture Board of Directors. The 50-member Joint Venture Board of Directors includes senior-level representatives from business, local and regional government, academia, labor and workforce organizations and the broader community. Of the two co-chairs, one is a representative from the private sector and one is from the public

sector.

DAVID WITKOWSKI

David Witkowski is a wireless and telecommunication industry expert and leader who became Executive Director of Joint Venture's Wireless Communications Initiative (WCI) in 2015. David's passion for technology and wireless began as a hobby during childhood and continued during his service in the US Coast Guard where he led

deployment and

RACHEL MASSARO

Rachel Massaro joined Joint Venture in 2009 to work on the Climate Prosperity Initiative, the Public Sector Climate Task Force and related projects. In 2013 she became vice president, and also serves as the director of research for the Silicon Valley Institute for Regional Studies. She previously was a data analyst, researcher and

field

MEET JOHN SOBRATO, SOBRATO ORGANIZATION John A. Sobrato is a member of many business, education, civic and community boards and foundations, and has received numerous honors and awards for his contributions to Silicon Valley’s business and non-profit communities. John comes to the office weekly and travels frequently up and down the Pacific Coast for business, but in spite of

his

MEET MELISSA STEVENSON DIAZ, CITY OF REDWOOD CITY City Manager, Redwood City. Melissa Stevenson Diaz is too modest to call herself Wonder Woman or Batgirl, but she credits her success to a super hero back story that led her from California to Maine to Japan and back, and ultimately to her “dream job” as the city manager of Redwood City. It was her parents, she says, who instilled important JOINT VENTURE BOARD ADDS NEW DIRECTORS Katie Ferrick, LinkedIn | Claire Johnston, LendLease | Hrishika Vuppala, McKinsey & Company. June 11, 2021 – The Joint Venture Silicon Valley board of directors today elected three new board members at its quarterly meeting. Katie Ferrick, Senior Director of Workplace Programs at LinkedIn; Claire Johnston, Managing Director of Google Real Estate Development at LendLease; and Hrishika JOINT VENTURE'S INSTITUTE FOR REGIONAL STUDIES NAMES DREW Starbird to provide counsel on hunger and food assistance research projects. June 10, 2021 – Joint Venture Silicon Valley’s Institute for Regional Studies has named Drew Starbird as a senior fellow. A frequent contributor to the Institute’s research on hunger and food assistance projects, Starbird will provide continuing counsel and work on broader initiatives. INSTITUTE NAMES DREW STARBIRD SENIOR FELLOW June 10, 2021 – Joint Venture’s Institute for Regional Studies has named Drew Starbird as a senior fellow. A frequent contributor to the Institute’s research on hunger and food assistance projects, Starbird will provide continuing counsel and work on broader

initiatives.

BUILDING BACK BETTER This initiative is also tasked to provide data, asset mapping, and transparent reporting. Using the Silicon Valley Recovery Roundtable and San Mateo County Recovery Initiative reports as a framework, the Building Back Better initiative will identify opportunities for collaboration, track gaps in resources and leadership, and reduce

overlaps.

2021 SILICON VALLEY INDEX The Silicon Valley Institute for Regional Studies is the research arm of Joint Venture Silicon Valley, and is housed within the organization. Research topics focus on economic and community health issues within Silicon Valley and the greater Bay Area, as well as on broader regional issues. STAFF - JOINT VENTURE Established in 1993, Joint Venture provides analysis and action on issues affecting the Silicon Valley economy and quality of life. The organization brings together established and emerging leaders—from business, government, academia, labor and the broader community—to spotlight issues, launch projects and work toward innovative

solutions.

2020 SILICON VALLEY INDEX: CONTINUED EXPANSION, MOUNTING 2020 Silicon Valley Index: Continued Expansion, Mounting Challenges. 9-year expansion adds more jobs, new levels of productivity, VC megadeals, record amounts of commercial space. Yet fewer start-ups see funding, and inequality reaches new

DAVID WITKOWSKI

David Witkowski is a wireless and telecommunication industry expert and leader who became Executive Director of Joint Venture's Wireless Communications Initiative (WCI) in 2015. David's passion for technology and wireless began as a hobby during childhood and continued during his service in the US Coast Guard where he led

deployment and

MEET CHRISTINA BRIGGS, CITY OF FREMONT Briggs landed at the City of Fremont in 2010 as economic development manager and by 2015 was named deputy director of economic development and assistant to the city manager. In January of 2020 she stepped into her current role. Fremont is a large city geographically with an impressive industrial base. With a culturally-diverse population of MEET NICOLE TAYLOR, SILICON VALLEY COMMUNITY FOUNDATION President and CEO, Silicon Valley Community Foundation and Joint Venture Board Co-chair. Changing lives and perspectives. By Robin Doran | Published: April 2021. At a challenging moment in our history, Nicole Taylor is the right person in the right job at the right time. JOINT VENTURE SILICON VALLEYABOUT USINITIATIVESINSTITUTEOUR INVESTORSPUBLICATIONSNEWS & MEDIA Joint Venture CEO Russell Hancock summarized the major findings from the 2021 Silicon Valley Index at the annual State of the Valley conference held online February 23-24. The report showed the region in a state of bifurcation with the tech sector mounting record numbers while the in-person economy shuttered. DOWNLOAD THE 2021 INDEX Download the 2021 Silicon Valley Index. Thank you for your interest in the 2021 Silicon Valley Index! Joint Venture Silicon Valley has been telling the Silicon Valley story for the past two decades. Updated annually, it is a comprehensive report of indicators that measure the strength of our economy and the health of our community, highlighting BUILDING BACK BETTER 2021 SILICON VALLEY INDEX The Silicon Valley Institute for Regional Studies is the research arm of Joint Venture Silicon Valley, and is housed within the organization. Research topics focus on economic and community health issues within Silicon Valley and the greater Bay Area, as well as on broader regional issues. CLIMATE-SAFE CALIFORNIA

BOARD OF DIRECTORS

Joint Venture Board of Directors. The 50-member Joint Venture Board of Directors includes senior-level representatives from business, local and regional government, academia, labor and workforce organizations and the broader community. Of the two co-chairs, one is a representative from the private sector and one is from the public

sector.

DAVID WITKOWSKI

David Witkowski is a wireless and telecommunication industry expert and leader who became Executive Director of Joint Venture's Wireless Communications Initiative (WCI) in 2015. David's passion for technology and wireless began as a hobby during childhood and continued during his service in the US Coast Guard where he led

deployment and

RACHEL MASSARO

Rachel Massaro joined Joint Venture in 2009 to work on the Climate Prosperity Initiative, the Public Sector Climate Task Force and related projects. In 2013 she became vice president, and also serves as the director of research for the Silicon Valley Institute for Regional Studies. She previously was a data analyst, researcher and

field

MEET JOHN SOBRATO, SOBRATO ORGANIZATION John A. Sobrato is a member of many business, education, civic and community boards and foundations, and has received numerous honors and awards for his contributions to Silicon Valley’s business and non-profit communities. John comes to the office weekly and travels frequently up and down the Pacific Coast for business, but in spite of

his

MEET MELISSA STEVENSON DIAZ, CITY OF REDWOOD CITY City Manager, Redwood City. Melissa Stevenson Diaz is too modest to call herself Wonder Woman or Batgirl, but she credits her success to a super hero back story that led her from California to Maine to Japan and back, and ultimately to her “dream job” as the city manager of Redwood City. It was her parents, she says, who instilled important JOINT VENTURE SILICON VALLEYABOUT USINITIATIVESINSTITUTEOUR INVESTORSPUBLICATIONSNEWS & MEDIA Joint Venture CEO Russell Hancock summarized the major findings from the 2021 Silicon Valley Index at the annual State of the Valley conference held online February 23-24. The report showed the region in a state of bifurcation with the tech sector mounting record numbers while the in-person economy shuttered. DOWNLOAD THE 2021 INDEX Download the 2021 Silicon Valley Index. Thank you for your interest in the 2021 Silicon Valley Index! Joint Venture Silicon Valley has been telling the Silicon Valley story for the past two decades. Updated annually, it is a comprehensive report of indicators that measure the strength of our economy and the health of our community, highlighting BUILDING BACK BETTER 2021 SILICON VALLEY INDEX The Silicon Valley Institute for Regional Studies is the research arm of Joint Venture Silicon Valley, and is housed within the organization. Research topics focus on economic and community health issues within Silicon Valley and the greater Bay Area, as well as on broader regional issues. CLIMATE-SAFE CALIFORNIA

BOARD OF DIRECTORS

Joint Venture Board of Directors. The 50-member Joint Venture Board of Directors includes senior-level representatives from business, local and regional government, academia, labor and workforce organizations and the broader community. Of the two co-chairs, one is a representative from the private sector and one is from the public

sector.

DAVID WITKOWSKI

David Witkowski is a wireless and telecommunication industry expert and leader who became Executive Director of Joint Venture's Wireless Communications Initiative (WCI) in 2015. David's passion for technology and wireless began as a hobby during childhood and continued during his service in the US Coast Guard where he led

deployment and

RACHEL MASSARO

Rachel Massaro joined Joint Venture in 2009 to work on the Climate Prosperity Initiative, the Public Sector Climate Task Force and related projects. In 2013 she became vice president, and also serves as the director of research for the Silicon Valley Institute for Regional Studies. She previously was a data analyst, researcher and

field

MEET JOHN SOBRATO, SOBRATO ORGANIZATION John A. Sobrato is a member of many business, education, civic and community boards and foundations, and has received numerous honors and awards for his contributions to Silicon Valley’s business and non-profit communities. John comes to the office weekly and travels frequently up and down the Pacific Coast for business, but in spite of

his

MEET MELISSA STEVENSON DIAZ, CITY OF REDWOOD CITY City Manager, Redwood City. Melissa Stevenson Diaz is too modest to call herself Wonder Woman or Batgirl, but she credits her success to a super hero back story that led her from California to Maine to Japan and back, and ultimately to her “dream job” as the city manager of Redwood City. It was her parents, she says, who instilled important JOINT VENTURE BOARD ADDS NEW DIRECTORS Katie Ferrick, LinkedIn | Claire Johnston, LendLease | Hrishika Vuppala, McKinsey & Company. June 11, 2021 – The Joint Venture Silicon Valley board of directors today elected three new board members at its quarterly meeting. Katie Ferrick, Senior Director of Workplace Programs at LinkedIn; Claire Johnston, Managing Director of Google Real Estate Development at LendLease; and Hrishika JOINT VENTURE'S INSTITUTE FOR REGIONAL STUDIES NAMES DREW Starbird to provide counsel on hunger and food assistance research projects. June 10, 2021 – Joint Venture Silicon Valley’s Institute for Regional Studies has named Drew Starbird as a senior fellow. A frequent contributor to the Institute’s research on hunger and food assistance projects, Starbird will provide continuing counsel and work on broader initiatives. INSTITUTE NAMES DREW STARBIRD SENIOR FELLOW June 10, 2021 – Joint Venture’s Institute for Regional Studies has named Drew Starbird as a senior fellow. A frequent contributor to the Institute’s research on hunger and food assistance projects, Starbird will provide continuing counsel and work on broader

initiatives.

BUILDING BACK BETTER This initiative is also tasked to provide data, asset mapping, and transparent reporting. Using the Silicon Valley Recovery Roundtable and San Mateo County Recovery Initiative reports as a framework, the Building Back Better initiative will identify opportunities for collaboration, track gaps in resources and leadership, and reduce

overlaps.

2021 SILICON VALLEY INDEX The Silicon Valley Institute for Regional Studies is the research arm of Joint Venture Silicon Valley, and is housed within the organization. Research topics focus on economic and community health issues within Silicon Valley and the greater Bay Area, as well as on broader regional issues. STAFF - JOINT VENTURE Established in 1993, Joint Venture provides analysis and action on issues affecting the Silicon Valley economy and quality of life. The organization brings together established and emerging leaders—from business, government, academia, labor and the broader community—to spotlight issues, launch projects and work toward innovative

solutions.

2020 SILICON VALLEY INDEX: CONTINUED EXPANSION, MOUNTING 2020 Silicon Valley Index: Continued Expansion, Mounting Challenges. 9-year expansion adds more jobs, new levels of productivity, VC megadeals, record amounts of commercial space. Yet fewer start-ups see funding, and inequality reaches new

DAVID WITKOWSKI

David Witkowski is a wireless and telecommunication industry expert and leader who became Executive Director of Joint Venture's Wireless Communications Initiative (WCI) in 2015. David's passion for technology and wireless began as a hobby during childhood and continued during his service in the US Coast Guard where he led

deployment and

MEET CHRISTINA BRIGGS, CITY OF FREMONT Briggs landed at the City of Fremont in 2010 as economic development manager and by 2015 was named deputy director of economic development and assistant to the city manager. In January of 2020 she stepped into her current role. Fremont is a large city geographically with an impressive industrial base. With a culturally-diverse population of MEET NICOLE TAYLOR, SILICON VALLEY COMMUNITY FOUNDATION President and CEO, Silicon Valley Community Foundation and Joint Venture Board Co-chair. Changing lives and perspectives. By Robin Doran | Published: April 2021. At a challenging moment in our history, Nicole Taylor is the right person in the right job at the right time. JOINT VENTURE SILICON VALLEYABOUT USINITIATIVESINSTITUTEOUR INVESTORSPUBLICATIONSNEWS & MEDIA May 21, 2021 – Silicon Valley’s unemployment rate nudged slightly lower in April to 4.9%, though month-over-month declines are tapering off as the region slowly emerges from the pandemic crisis. Joint Venture’s Institute for Regional Studies released analysis that shows a small, two-tenths of a percentage point decline in the regional unemployment rate between March and April 2021. BUILDING BACK BETTER SILICON VALLEY POPULATION HITS 3 MILLION May 21, 2021 – Silicon Valley’s unemployment rate nudged slightly lower in April to 4.9%, though month-over-month declines are tapering off as the region slowly emerges from the pandemic crisis. Joint Venture’s Institute for Regional Studies released analysis that shows a small, two-tenths of a percentage point decline in the regional unemployment rate between March and April 2021. DATA RELEASE: UNEMPLOYMENT (MAY 2021) May 21, 2021 – Joint Venture’s Institute for Regional Studies released analysis that shows a small, two-tenths of a percentage point decline in the regional unemployment rate between March and April 2021.This decline represents an additional 2,600 employed throughout Santa Clara and San Mateo Counties. Download the data release 2020 SILICON VALLEY INDEX: CONTINUED EXPANSION, MOUNTINGSILICON VALLEY INDEX 2019SILICON VALLEY INDEX 2019 PDFSILICON VALLEY INDEX 2020 PDFSILICON VALLEY DOWNLOADSILICON VALLEY PRESS 9-year expansion adds more jobs, new levels of productivity, VC megadeals, record amounts of commercial space. Yet fewer start-ups see funding, and inequality reaches new dimensions. CLIMATE-SAFE CALIFORNIA

RACHEL MASSARO

Meet the Joint Venture Team Rachel Massaro. Vice President and Director of Research. Rachel Massaro joined Joint Venture in 2009 to work on the Climate Prosperity Initiative, the Public Sector Climate Task Force and related projects. MEET JOHN SOBRATO, SOBRATO ORGANIZATION A charter member of Joint Venture and a longtime board member, Sobrato feels strongly about the organization’s regional education programs, and has contributed both time and dollars to the Alliance for Teaching initiative that works to develop, recognize and reward teachers in

Silicon Valley.

MEET DAVID CASAS, LOS ALTOS CITY COUNCIL Los Altos City Council member and co-chair, Joint Venture’s Wireless Communications Initiative. By Duffy Jennings | Published: July 2011. If you don’t feel at least slightly unproductive after spending an hour with David Casas, you might want to check your pulse. That

assumes you

MEET MELISSA STEVENSON DIAZ, CITY OF REDWOOD CITY City Manager, Redwood City. By Duffy Jennings | Published: June 2017. Melissa Stevenson Diaz is too modest to call herself Wonder Woman or Batgirl, but she credits her success to a super hero back story that led her from California to Maine to Japan and back, and ultimately to her “dream job” as the city manager of Redwood City. JOINT VENTURE SILICON VALLEYABOUT USINITIATIVESINSTITUTEOUR INVESTORSPUBLICATIONSNEWS & MEDIA May 21, 2021 – Silicon Valley’s unemployment rate nudged slightly lower in April to 4.9%, though month-over-month declines are tapering off as the region slowly emerges from the pandemic crisis. Joint Venture’s Institute for Regional Studies released analysis that shows a small, two-tenths of a percentage point decline in the regional unemployment rate between March and April 2021. BUILDING BACK BETTER SILICON VALLEY POPULATION HITS 3 MILLION May 21, 2021 – Silicon Valley’s unemployment rate nudged slightly lower in April to 4.9%, though month-over-month declines are tapering off as the region slowly emerges from the pandemic crisis. Joint Venture’s Institute for Regional Studies released analysis that shows a small, two-tenths of a percentage point decline in the regional unemployment rate between March and April 2021. DATA RELEASE: UNEMPLOYMENT (MAY 2021) May 21, 2021 – Joint Venture’s Institute for Regional Studies released analysis that shows a small, two-tenths of a percentage point decline in the regional unemployment rate between March and April 2021.This decline represents an additional 2,600 employed throughout Santa Clara and San Mateo Counties. Download the data release 2020 SILICON VALLEY INDEX: CONTINUED EXPANSION, MOUNTINGSILICON VALLEY INDEX 2019SILICON VALLEY INDEX 2019 PDFSILICON VALLEY INDEX 2020 PDFSILICON VALLEY DOWNLOADSILICON VALLEY PRESS 9-year expansion adds more jobs, new levels of productivity, VC megadeals, record amounts of commercial space. Yet fewer start-ups see funding, and inequality reaches new dimensions. CLIMATE-SAFE CALIFORNIA

RACHEL MASSARO

Meet the Joint Venture Team Rachel Massaro. Vice President and Director of Research. Rachel Massaro joined Joint Venture in 2009 to work on the Climate Prosperity Initiative, the Public Sector Climate Task Force and related projects. MEET JOHN SOBRATO, SOBRATO ORGANIZATION A charter member of Joint Venture and a longtime board member, Sobrato feels strongly about the organization’s regional education programs, and has contributed both time and dollars to the Alliance for Teaching initiative that works to develop, recognize and reward teachers in

Silicon Valley.

MEET DAVID CASAS, LOS ALTOS CITY COUNCIL Los Altos City Council member and co-chair, Joint Venture’s Wireless Communications Initiative. By Duffy Jennings | Published: July 2011. If you don’t feel at least slightly unproductive after spending an hour with David Casas, you might want to check your pulse. That

assumes you

MEET MELISSA STEVENSON DIAZ, CITY OF REDWOOD CITY City Manager, Redwood City. By Duffy Jennings | Published: June 2017. Melissa Stevenson Diaz is too modest to call herself Wonder Woman or Batgirl, but she credits her success to a super hero back story that led her from California to Maine to Japan and back, and ultimately to her “dream job” as the city manager of Redwood City. BUILDING BACK BETTER Building Back Better What are we doing? Joint Venture Silicon Valley is making regional recovery and the opportunity to ‘build back better’ after the pandemic as a significant component of our

operations.

ABOUT JOINT VENTURE

Established in 1993, Joint Venture provides analysis and action on issues affecting the Silicon Valley economy and quality of life. The organization brings together established and emerging leaders—from business, government, academia, labor and the broader community—to spotlight issues, launch projects and work toward innovative

solutions.

DATA RELEASE: UNEMPLOYMENT (MAY 2021) May 21, 2021 – Joint Venture’s Institute for Regional Studies released analysis that shows a small, two-tenths of a percentage point decline in the regional unemployment rate between March and April 2021.This decline represents an additional 2,600 employed throughout Santa Clara and San Mateo Counties. Download the data release SUPPORT FOR VTA VICTIMS' FAMILIES May 26, 2021 - In the wake of a horrific shooting in San Jose, Joint Venture expresses deep sadness for the families who lost their loved ones. Their loss is felt by an entire region rocked by the violence that has become too common across our nation. MEET DR. RAKESH CHAUDHARY June 7, 2021 - Dr. Rakesh Chaudhary was named physician in chief at Kaiser Medical Center in Santa Clara just days before the world imploded with COVID-19. “It seems so long ago, but also like yesterday,” says Dr. Chaudhary. “Several of us were talking about a virus that was coming our way and literally two days later our first case landed at the hospital here.

HEIDI RODEBACK

Meet the Joint Venture Team Heidi Rodeback. Grant Writer. Heidi Rodeback is a grant writer for Joint Venture. She joined the staff in 2021 after twenty years in local government. SILICON VALLEY TALENT PARTNERSHIP Silicon Valley Talent Partnership. Joint Venture’s Silicon Valley Talent Partnership (SVTP) was a grant-funded project that engaged highly-skilled corporate talent to KAREN TRAPENBERG FRICK Meet the Joint Venture Team Karen Trapenberg Frick. Distinguished Fellow at Joint Venture’s Institute for Regional Studies. Karen Trapenberg Frick, Ph.D., is an associate professor of city & regional planning at the University of California, Berkeley. EXECUTIVE DIRECTOR, REGIONAL RECOVERY INITIATIVE Executive Director, Regional Recovery Initiative ‘Build Back Better’ About the Organization: Joint Venture Silicon Valley is a nonprofit 501(c)3 organization. MEET DAVID CASAS, LOS ALTOS CITY COUNCIL Los Altos City Council member and co-chair, Joint Venture’s Wireless Communications Initiative. By Duffy Jennings | Published: July 2011. If you don’t feel at least slightly unproductive after spending an hour with David Casas, you might want to check your pulse. This website uses cookies to ensure you get the best experience on our

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LEADERSHIP

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. WHAT'S HAPPENING NOW SUPPORT FOR VTA VICTIMS' FAMILIES MAY 26, 2021 - In the wake of a horrific shooting in San Jose, Joint Venture expresses deep sadness for the families who lost their loved ones. Their loss is felt by an entire region rocked by the violence that has become too common across our nation. Joint Venture encourages donations to support the families of the victims, using the Union Community Resources program set up by Working

Partnerships.

Donate now

MEET DR. RAKESH CHAUDHARY MAY 30, 2021 - Dr. Rakesh Chaudhary was named physician in chief at Kaiser Medical Center in Santa Clara just days before the world imploded with COVID-19. “It seems so long ago, but also like yesterday,” says Dr. Chaudhary. “Several of us were talking about a virus that was coming our way and literally two days later our first case landed at the hospital here. Suddenly we were standing on the epicenter.” Santa Clara County had the first recorded US death from COVID. “I was worried about our community, our staff, our physicians, and I could see the fear in their eyes and I could hear the fear in their voices. And they just kept doing their work,” says

Dr. Chaudhary.

Read the profile

DATA RELEASE: UNEMPLOYMENT NUDGES SLIGHTLY LOWER MAY 21, 2021 – Silicon Valley’s unemployment rate nudged slightly lower in April to 4.9%, though month-over-month declines are tapering off as the region slowly emerges from the pandemic crisis. Joint Venture’s Institute for Regional Studies released analysis that shows a small, two-tenths of a percentage point decline in the regional unemployment rate between March and April 2021. This decline represents an additional 2,600 employed throughout Santa Clara and San Mateo Counties. “Silicon Valley’s emergence from the crisis is getting more people back to work, but we have a long way to go to full employment and our progress is slow,” said Rachel Massaro, the Institute’s Director of Research.

Read the release

INSTITUTE RELEASE: Q1 2021 COMMERCIAL SPACE MAY 18, 2021 - Joint Venture’s Institute for Regional Studies released its Q1 2021 Silicon Valley Commercial Space report. The report notes that, one year into the pandemic, commercial leasing activity in Silicon Valley was slow, with fewer than 100 transactions in total. A handful of large commercial buildings were completed despite the slowdown of region development overall since the start of the pandemic, and an impressive 15 million square feet remains

in-progress.

The quarter also marked the first notable rise in asking rents for industrial, lab, and R&D space. Vacancy rates for office and R&D space rose as well. In contrast, industrial space vacancy rates remained

relatively stable.

Read the report

JOINT VENTURE-BACKED EMISSIONS BILL MOVES FORWARD MAY 30, 2021 - Joint Venture recently endorsed Senate Bill (SB) 582

,

which would establish the state’s first-ever statutory net-negative emissions goal, with a target date of 2035. The bill has passed the Senate Environmental Quality Committee and calls for a Just Resilience Plan to drive urgently needed investments in California’s most vulnerable communities. California must take courageous and bold action. Doing so will re-establish California as an international climate leader and galvanize equitable public and private investments in the solutions needed, from clean energy and mobility, to nature-based sequestration and community resilience.

Learn more

BUILDING BACK BETTER INITIATIVE MAY 30, 2021 - Joint Venture is convening a new initiative called Building Back Better. Using the Silicon Valley Recovery Roundtable and San Mateo County Recovery Initiative reports as a foundation, the initiative provides a backbone infrastructure for regional recovery efforts. Building Back Better engages in a spectrum of recovery efforts to identify opportunities to build pathways to an equitable future for all Silicon Valley residents. in July the endeavor will move backbone staffing to Joint Venture, which will support the operations of the network with a data-driven approach.

Learn more

CAREERS AT JOINT VENTURE MAY 30, 2021 - Joint Venture is looking for people who want to make a lasting difference in our communities. We are seeking a strategic leader to serve as founding executive director for the new Build Back Better initiative. Learn more Joint Venture’s Beyond Gasoline initiative and partner, Coltura, is hiring for a full-time development director in Seattle or Silicon Valley to help grow fundraising and development. Coltura is also seeking a part-time, contract communications manager, remote from anywhere in the US. Learn more AMAZON SMILE: SUPPORT JOINT VENTURE WHILE YOU SHOP Joint Venture is participating in the Amazon.com AmazonSmile program. Every time you shop at AmazonSmile.com, a portion of your sales (0.5%) goes to support our work. AmazonSmile is a simple and automatic way for you to support Joint Venture every time you shop, at no cost to you. When you shop at smile.amazon.com, you’ll find the exact low prices, vast selection, and convenient shopping experience as Amazon.com, with the added bonus that Amazon will donate a portion of the purchase price to support Joint Venture’s work in

your community.

Support Joint Venture with Amazon Smile SILICON VALLEY INDICATORS Comprehensive information and data about the Silicon Valley ecosystem is always available at www.siliconvalleyindicators.org

.

Data and charts from the Silicon Valley Index (and more) are presented on an interactive website that allows users to explore Silicon Valley trends. Indicators are presented by the Institute for Regional Studies. Housed within Joint Venture Silicon Valley, the Institute provides data and analysis on issues facing dense metropolitan

regions.

INVESTORS SPOTLIGHT

Donors invest in Joint Venture with both general support and project-specific gifts. Support from the community enables us to provide innovative solutions to issues that confront our regional economies and quality of life. Here are just a few of our many

investors:

_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.

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TOP VIDEOS

THE 2021 SILICON VALLEY INDEX: TALE OF TWO VALLEYS Joint Venture CEO Russell Hancock summarized the major findings from the 2021 Silicon Valley Index at the annual State of the Valley conference held online February 23-24. The report showed the region in a state of bifurcation with the tech sector mounting record numbers while the in-person economy shuttered. "We are not one but two Valleys," Hancock explained, with charts showing the nation's most pronounced income inequality and troubling racial disparities, even while Silicon Valley's driving industries filled a crucial (and highly profitable) role in the global pandemic. Joint Venture’s 2021 State of the Valley conference was held entirely online this year over two consecutive days, February 23 and 24. You can view all the sessions on our YouTube channel.

View on YouTube

TOP DOWNLOADS

UNEMPLOYMENT DATA RELEASE - MAY 21, 2021 MAY 21, 2021 – Joint Venture’s Institute for Regional Studies released analysis that shows a small, two-tenths of a percentage point decline in the regional unemployment rate between March and April 2021. This decline represents an additional 2,600 employed throughout Santa Clara and San Mateo Counties. Read the news release Download the data release SILICON VALLEY COMMERCIAL SPACE - Q1 2021 The Institute’s latest quarterly commercial real estate report prepared in partnership with JLL Silicon Valley showed a significant decline in commercial leasing activity and a rise in office space vacancies near transit stations.

Learn more

Download the report

SILICON VALLEY INDEX - 2021 The COVID-19 pandemic has affected every aspect of Silicon Valley’s economy and the greater community, according to the 2021 Index, released by Joint Venture’s Institute for Regional Studies. From the health impacts of the virus, to its effect on employment, IPOs, childcare, hunger, and housing, the pandemic has plowed through every sector, often with long-term implications. As a timely addition this year, the Index includes a section devoted to the impacts of COVID. Learn more about the Silicon Valley Index online at www.siliconvalleyindicators.org. Read the news release

Download the report

RESEARCH BRIEF: FOOD INSECURITY & DISTRIBUTION

The

Institute’s latest research brief illustrates how the region’s residents have fared during the pandemic, outlining the impact of the decline in employment on regional food needs, and the rapid response of emergency food distribution efforts.

Download the report

SILICON VALLEY COVID-19 IMPACTS: TRANSPORTATION, EMISSIONS & AIR

QUALITY

The Institute has released a report that examines the reduction in Silicon Valley’s regional ground and air transportation, declines in traffic delays, as well as the impact of those reductions on transportation-related injury crashes, regional air quality, and greenhouse gas emissions.

Download the report

BRIDGING THE GAP (SECOND EDITION) - DECEMBER 2019 Written primarily for municipal employees, elected local government officials, and civic leaders to help guide their understanding of new and future wireless technologies, this second edition of _Bridging The Gap_ (first published in 2016) updates previous material on the socio-economic value of wireless technologies and the interplay of local vs. federal public policy regarding permitting and costs, and adds sixteen pages of new material on topics including; 5G cellular, CBRS, and reviews of peer-reviewed scientific and academic studies on electromagnetic field (EMF) safety. Read the news release

Download the report

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IN THE NEWS

JUNE 4, 2021 - (_Detroit Free Press_) - Ford stock was cheaper than a sandwich. Now shareholders are gloating. "I love everything coming out of Ford lately. I’m finally hearing them talk like a Silicon Valley company instead of a stodgy old world company," said Russell Hancock, president and CEO of Joint Venture Silicon Valley More JUNE 4, 2021 - (_Philadelphia Citizen_) - JOBS, JOBS, JOBS: Silicon Valley was actually birthed by something called Joint Venture Silicon Valley, a type of task force that ushered in uniform permitting and licensing requirements throughout the burgeoning region. More MAY 30, 2021 - (_San Francisco Chronicle_) - Seeing Silicon Valley’ book spotlights people lost in the shadows of the tech capital:  According to the 2021 Silicon Valley Index, the region was down 61,000 jobs compared to the same period last year, and the unemployment rate within the “in-person” economy skyrocketed above 30% during the pandemic. More MAY 20, 2021 - (_Patch_) - Venture Capitalist Bringing Green To Downtown San Jose: Dillabough addressed a roundtable hosted by Joint Venture Silicon Valley about downtown's future... More MAY 19, 2021  - (_Silicon Valley Business Journal_) - Latinx and philanthropic groups combine efforts to back targeted $10M fund: In San Mateo and Santa Clara counties, those who identify as Hispanic or Latino comprise 24.7% of the population, according to the Silicon Valley Institute for Regional Studies. More MAY 19, 2021 - _(Stanford News_) - Stanford supports community projects to address pandemic challenges: In Collaboration With: Silicon Valley Community Foundation, Joint Venture Silicon Valley...Seeking to tackle the drivers of systemic inequity in Silicon Valley...More MAY 19, 2021 - (_San Jose Spotlight_) - Venture capitalist bringing green to downtown San Jose: Gary Dillabough addressed a roundtable hosted by Joint Venture Silicon Valley about downtown’s future, including the developments he and business partner Jeff Arrillaga purchased in the last decade. More MAY 18, 2021  - (_Yahoo News_) - Silicon Valley Business Required to Track Employees' Vaccination Status: "It's easy to imagine is because we already have the historical precedent for it," said Russell Hancock, CEO of Joint Venture Silicon Valley. "It is a requirement. Vaccination is a requirement for public schools, other public

institutions." More

MAY 18, 2021 - (_KPIX-TV_) - COVID Reopening: Santa Clara County Latest To Enter Least-Restrictive Yellow Tier: “I’m imagining a world in which vaccination becomes a requirement,” said Russell Hancock, CEO of Joint Venture Silicon Valley. More MAY 12, 2021 - (_San Jose Spotlight_) - San Jose mayor, housing advocates talk post-pandemic housing: The affordable housing roundtable included Rachel Massaro, vice president of local think tank Joint Venture Silicon Valley...More MAY 8, 2021 - (_New York Times_) - Seeing the Real Faces of Silicon Valley: During the depths of the pandemic, four in 10 families in the area with children could not be sure that they would have enough to eat on any given day, according to an analysis by the Silicon Valley Institute for Regional Studies. More MAY 3, 2021 - (_San Jose Spotlight_) - San Jose airport grapples with fewer passengers: “Revenues were completely savaged,” said Russell Hancock, president of nonprofit economic think tank Joint Venture Silicon Valley . “But because of enlightened fiscal management, they had emergency funds in place so they could keep the airport operating. More APRIL 30, 2021 - (_Forbes_) - The Case For California: Why Stories About The Golden State’s Demise Are Overblown - “In other places, a failed venture can become this badge of shame that shadows you your entire life,” said Russell Hancock, president of Joint Venture Silicon Valley, a Bay area non-profit organization. More APRIL 27, 2021 - (_KRON4_) - Moving to the Bay Area or leaving? Here’s where people are relocating: According to the 2021 Silicon Valley Index put together by Joint Venture Silicon Valley, 29% remained in the Bay Area, 6% moved to the nearby Monterey area, 6% to the Sacramento area, 8% to San Joaquin Valley, and 14% to Southern

California. More

APRIL 22, 2021 - (_Mercury News_) - Opinion: California must accelerate its climate leadership - Joint Venture board member Dave Pine, Supervisor in San Mateo County, and Russell Hancock, CEO of Joint Venture urge climate action in California. More APRIL 20, 2021 - (_San Jose Spotlight_) - Silicon Valley unemployment rate drops during slow recovery: The data analysis comes from Joint Venture Silicon Valley’s Institute for Regional Studies, the nonprofit’s research arm that publishes the Silicon Valley Index annually. More APRIL 19, 2021 - (_Mountain View Voice_) - Mountain View names new lead of economic development as businesses reel from COVID-19: chaired an initiative by Joint Venture Silicon Valley called the Silicon Valley Economic Development Alliance More Read more news coverage SUBSCRIBE TO OUR MAILING LIST Join thousands of people who receive occasional updates and our monthly newsletter, _Valley Vision_. Learn more and subscribe Copyright © 2009-2021, Joint Venture Silicon Valley. All rights

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