CEO Business Climate Survey

CEO Survey: When the Economy is Hot, the Quality of Life is Not

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May 13  |  Housing, Transportation  |   Carl Guardino

Here’s food for thought . . . Often, when our economy is hot, our quality of life is not.

This is certainly the case in Silicon Valley and the Bay Area, where our regional unemployment rate is near an historic low of 4.2 percent.

In the Silicon Valley Leadership Group’s just released “CEO Biz Climate Survey” of nearly 220 CEOs, nearly 2 of every 3 plan to add jobs – in the region – this year.

Amazingly, only 2 percent of the CEOs surveyed – or just five companies – anticipate making lay-offs here in the region in 2015.

That is a hot economy.

But with growth come growing pains, which we see every day on our highways and local streets and roads. Traffic congestion is the second highest concern of CEOs in the boardroom and of working families in their living rooms.

And speaking of living rooms, the high cost of housing is the highest concern – both of CEOs and our workers and their families.

So let’s celebrate the success of Silicon Valley’s innovation economy, but not for a moment must we stop working on the challenges that come with our success.

To learn more about this year’s CEO Survey, visit the Leadership Group at svlg.org/press/library.

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CEO Survey: Seeking Solutions

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March 5  |  Education, Federal Issues, Housing, Tax Policy, Transportation  |   Carl Guardino

Here’s food for thought . . . If we want to increase employment, then let’s learn from employers.

Annually, the Silicon Valley Leadership Group conducts a “CEO Business Climate Survey,” seeking direct input from the innovators and entrepreneurs who drive our region’s economy.

This year, 222 executives responded. The results are enlightening:

  • Last year, 2013, 62 percent added jobs in Silicon Valley, with only 9 percent subtracting jobs.
  • This year, 2014, 59 percent expect to add jobs here in Silicon Valley, with only 4 percent anticipating job losses.

Indeed, Silicon Valley continues to lead California and our country when it comes to job growth and economic recovery.

So what do employers, and our employees, need from policy makers to stay successful in innovation and job creation?

  • Locally, CEOs call for improvements on our local streets, roads and transit systems so that employees and their families can get around. We need quality schools for our children, and homes that working families can afford.
  • At the state level, we need meaningful investments in infrastructure to repair aging roads and ease traffic congestion. We need sensible solutions to the high cost of housing and investments in K-12 and higher education.
  • From Congress, we need immigration reform that ensures the best and the brightest can compete for our companies rather than against us, and tax reform that is fair to workers and keep our companies competitive.

This year’s CEO Business Climate Survey underscores that executives are willing to speak out, to search for solutions, to invest in answers. Silicon Valley’s innovation does not end within the walls of our companies, it extends through the neighborhoods in our communities.

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