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Thursday, February 20, 2025

North DSM News Publication Area: How many H-1B petitions were made by employers classified under the Finance and Insurance industry during 2024?

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Tammy Meckley, Associate Director, Immigration Records and Identity Services Directorate for USCIS | https://www.dhswatchlist.com/

Tammy Meckley, Associate Director, Immigration Records and Identity Services Directorate for USCIS | https://www.dhswatchlist.com/

Employers classified under the Finance and Insurance industry based within the North DSM News publication area, submitted eight H-1B petitions during 2024, according to data provided by the U.S. Citizenship and Immigration Services via the H-1B Employer Data Hub. All of these petitions were approved.

Employers are classified under industries based on their reported operations and may be involved in multiple industries.

The H-1B visa program allows U.S. employers to temporarily hire foreign workers in specialty occupations requiring specialized knowledge and at least a bachelor’s degree or equivalent. It is designed to address skill gaps in the U.S. workforce while ensuring wage standards to protect both U.S. and H-1B workers. Employers must certify that they will pay H-1B workers wages equal to or greater than those of similarly qualified U.S. employees or the prevailing local wage.

The average approval rate for H-1B petitions across the United States in 2024 stood at 98%, slightly higher than 2023's 97.3%. Locally, employers across all industries located within the North DSM News publication area submitted 128 petitions during the same period, achieving an approval rate of 99.2%.

While the Professional, Scientific, and Technical Services industry led the H-1B filings with 103 petitions, representing 80.5% of all submissions in the North DSM News publication area during 2024, the next largest contributor was the Finance and Insurance industry, which accounted for eight petitions and represented 6.3% of the total. Among petitions from employers in the Finance and Insurance industry, all were approved.

Among local employers with petitions categorized under the Finance and Insurance sector during 2024, Berkley Technology Services, LLC stood out with seven petitions and an approval rate of 100%, followed by Penrose Technician Company with one petition and an approval rate of 100%.

Compared to 2023, the Finance and Insurance sector in the North DSM News publication area saw a 700% increase in the number of H-1B petitions during 2024.

The United States admits around 1 million legal immigrants annually, most of whom receive permanent residence (green cards) through family sponsorship or employment-based visas. In 2023, about 1.2 million immigrants were granted green cards, a return to pre-pandemic levels. Temporary visa programs, such as the H-1B for highly skilled workers and H-2A for seasonal agricultural workers, also play a critical role in filling workforce needs.

Public opinion on immigration varies, with 46% of Americans favoring maintaining current legal immigration levels, according to a 2024 Pew Research Center survey. Additionally, 42% believe that highly skilled workers, such as scientists, doctors, and programmers, should be prioritized for legal immigration, compared to 25% who prioritize workers filling labor shortages and 19% who emphasize family sponsorship. Despite this, family sponsorship remains the most common path to permanent residency, accounting for 63% of green cards issued in 2023.

The data in this article comes from the H-1B Employer Data Hub provided by the U.S. Citizenship and Immigration Services (USCIS). While USCIS strives for accuracy, manual data entry and errors on paper forms submitted by applicants or petitioners may result in discrepancies in employer names, tax IDs, locations, or other details.

H-1B Petitions by Industry in the North DSM News Publication Area, 2024
RankIndustryTotal Petitions% of All Submissions% Approved% Denied
1Professional, Scientific, and Technical Services10380.5%99%1%
2Finance and Insurance86.3%100%0%
3Manufacturing53.9%100%0%
3Retail Trade53.9%100%0%
5Transportation and Warehousing21.6%100%0%
6Real Estate and Rental and Leasing10.8%100%0%
6Construction10.8%100%0%
6Utilities10.8%100%0%
Employer H-1B Petitions in the North DSM News Publication Area During 2024
Company NameIndustryTotal Petitions% Approved% Denied
Inteliroute Technologies, LLCProfessional, Scientific, and Technical Services51100%0%
Sanav Technologies, LLCProfessional, Scientific, and Technical Services20100%0%
Launch It, Corp.Professional, Scientific, and Technical Services1994.7%5.3%
Berkley Technology Services, LLCFinance and Insurance7100%0%
Skywalk Global, LLCProfessional, Scientific, and Technical Services6100%0%
Caseys Retail CompanyRetail Trade3100%0%
Dee Zee, Inc.Retail Trade3100%0%
Omnivista Solutions, Inc.Professional, Scientific, and Technical Services2100%0%
Itvian, Inc.Professional, Scientific, and Technical Services2100%0%
JT Logistics Solutions D B a J, LLCTransportation and Warehousing2100%0%
Kemin Industries, Inc.Professional, Scientific, and Technical Services2100%0%
Tekvedha Solutions, Inc.Professional, Scientific, and Technical Services1100%0%
Sacmi USA, Ltd.Manufacturing1100%0%
Penrose Technician CompanyFinance and Insurance1100%0%
Midamerican Energy CompanyUtilities1100%0%
Jensen Construction CompanyConstruction1100%0%
Its, Inc.Professional, Scientific, and Technical Services1100%0%
Infonet CorporationManufacturing1100%0%
Energy Controls Technologies, Inc.Manufacturing1100%0%
Efco, Corp.Real Estate and Rental and Leasing1100%0%
Consumer Safety Technology, LLCManufacturing1100%0%
Albaugh, LLCManufacturing1100%0%

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