California’s housing affordability crunch ranks at the top of all serious public policy and business competitiveness agendas. The state’s median home price set a new record in March 2022 at $849,080, which is out of reach for most—only 25% of Californians can afford a median priced home, compared to 50% nationally. Here in Silicon Valley, the median home price in Santa Clara County was a whopping $1.6 million in March 2022, up nearly 20% from the previous year, according to Redfin.
As we near the end of 2021, we are celebrating a year of legislative wins for our members and our region. Our policy work on behalf of our members embodies the overarching values and principles of our community, which include accountability, equity, inclusion, and environmental stewardship. We are working hard to reinvest in our community and its livability, to ensure that we continue to attract and retain the world’s best tech talent. As part of our efforts to foster business competitiveness and create shared value together, we engaged on a significant number of bills during the 2021 Legislative Session in Sacramento. We supported many measures that were ultimately signed by the Governor, and we helped to shape policy discussions around proposed legislation that could have curtailed innovation. Here are some examples of our work on behalf of our members in 2021.
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