Cisco Systems is one of the top companies out there that lives and breathes the concept of corporate social responsibility (CSR). I’ve written fairly extensively about the company’s efforts to give back to communities worldwide—from its TacOps disaster response team to its global Networking Academy, to its extensive partnerships with non-profits, NGOs, and community-based organizations across the globe. Since CEO Chuck Robbins took the helm several years ago he has only doubled down on CSR, making it a cornerstone of his tenure. I believe one of the reasons Cisco Systems is so good at CSR is that it runs its program like a business itself, instead of an afterthought. Cisco even has a target to positively impact 1B people worldwide by 2025, and so far are at 232M. Now Cisco is tackling another important social issue: Silicon Valley homelessness.The newly announced initiative is a $50M commitment over the next five years to Destination: Home, a public-private partnership whose mission is to end homelessness in Santa Clara County. It goes without saying that Silicon Valley is home to some of the nation’s most prosperous communities, but Santa Clara County also boasts the third highest rate of chronic homelessness within the United States (with roughly 7,400 people in the county without a home, and 2,000 “chronically homeless”). This is a sobering, striking dichotomy, and one that Cisco is hoping to help alleviate with this unprecedented financial commitment. Homelessness is, of course, a complex issue that will require new policy and both political and public will to fully address at its roots. That being said, funding goes a long way—land must be acquired and affordable housing must be built. Destination: Home says it will leverage this partnership to build more low-income housing, improve the technological capacity of the homeless services sector, and invest in a number of other promising practices to improve stability and support for individuals and families in need. Cisco’s commitment will only bolster efforts by the community at large to end homelessness in the area—voters in Santa Clara County approved a $950M housing bond back in 2016, $700M of which is allotted for Extremely Low Income and Supportive Housing.
What struck me was just how much less it costs in totality to provide housing versus someone sleeping on the streets. Living on the streets costs the area more in the long run as shelters, medical care, ER visits drive costs way up.