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Tuesday, February 11, 2025

Capitol 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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Jennifer B. Higgins, Deputy Director, U.S. Citizenship and Immigration Services | https://medium.com/the-u-s-digital-service/meet-the-dhs-digital-service-champions-may-2018-caee7dade2b

Jennifer B. Higgins, Deputy Director, U.S. Citizenship and Immigration Services | https://medium.com/the-u-s-digital-service/meet-the-dhs-digital-service-champions-may-2018-caee7dade2b

Employers classified under the Finance and Insurance industry based within the Capitol News publication area, submitted 24 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 Capitol News publication area submitted 349 petitions during the same period, achieving an approval rate of 99.4%.

The Educational Services industry led the H-1B filings in the Capitol News publication area during 2024, with 140 petitions (40.1% of all submissions), and an approval rate of 100%. Meanwhile, the Professional, Scientific, and Technical Services industry was the second largest contributor, filing 127 petitions (36.4% of the total), with an approval rate of 99.2%.

In 2024, the Capitol News publication area employer with the most petitions categorized under the Finance and Insurance sector was Delta Dental Plan of Michigan, Inc., which filed 17 petitions with an approval rate of 100%.

Compared to 2023, the Finance and Insurance sector in the Capitol News publication area saw a 4% decrease 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 Capitol News Publication Area, 2024
RankIndustryTotal Petitions% of All Submissions% Approved% Denied
1Educational Services14040.1%100%0%
2Professional, Scientific, and Technical Services12736.4%99.2%0.8%
3Manufacturing308.6%100%0%
4Finance and Insurance246.9%100%0%
5Health Care and Social Assistance113.2%100%0%
6Public Administration51.4%100%0%
7Construction30.9%100%0%
7Other Services (except Public Administration)30.9%66.7%33.3%
9Utilities20.6%100%0%
Employer H-1B Petitions in the Capitol News Publication Area During 2024
Company NameIndustryTotal Petitions% Approved% Denied
Michigan State UniversityEducational Services142100%0%
Ricefw Technologies, Inc.Professional, Scientific, and Technical Services30100%0%
Tekdelite, LLCProfessional, Scientific, and Technical Services19100%0%
Chain Sys CorporationProfessional, Scientific, and Technical Services17100%0%
Delta Dental Plan of Michigan, Inc.Finance and Insurance17100%0%
Mitecs, Inc.Professional, Scientific, and Technical Services16100%0%
Creative Synergies Group, LLCProfessional, Scientific, and Technical Services12100%0%
Dart Container of Michigan, LLCManufacturing10100%0%
Miit Solutions, Inc.Professional, Scientific, and Technical Services887.5%12.5%
Edward W Sparrow Hospital AssociatHealth Care and Social Assistance5100%0%
Michigan Public Health InstitutePublic Administration5100%0%
Neogen CorporationManufacturing5100%0%
Quality Design Services, Inc.Professional, Scientific, and Technical Services4100%0%
Orchid Orthopedic Solutions, LLCManufacturing3100%0%
BRP Marine US, Inc.Manufacturing3100%0%
Michigan Conference of Seventh-DayOther Services (except Public Administration)250%50%
Gestamp Mason, LLCManufacturing2100%0%
Op Consulting Group, LLCProfessional, Scientific, and Technical Services2100%0%
Automotive Ltd., SAManufacturing2100%0%
SCG Solutions, LLCProfessional, Scientific, and Technical Services2100%0%
Xcelsius, Inc.Professional, Scientific, and Technical Services2100%0%
Accident Fund Insurance Company of AmericaFinance and Insurance2100%0%
Farm Bureau Mutual Insurance CompaFinance and Insurance2100%0%
Control System Integrators, Inc.Professional, Scientific, and Technical Services2100%0%
Farm Bureau Life Insurance CompanyFinance and Insurance2100%0%
Fluid Chillers, Inc.Manufacturing1100%0%
East Lansing Advanced Dental, PLLCHealth Care and Social Assistance1100%0%
Norm Fasteners CompanyManufacturing1100%0%
Durobyte, Inc.Professional, Scientific, and Technical Services1100%0%
Clark Construction Company, Inc.Construction1100%0%
Quicksilver It Solutions, LLCProfessional, Scientific, and Technical Services1100%0%
Christman Constructors, Inc.Construction1100%0%
Roosevelt Innovations, LLCProfessional, Scientific, and Technical Services1100%0%
Anderson Economic Group, LLCProfessional, Scientific, and Technical Services1100%0%
Aj Gross, LLCProfessional, Scientific, and Technical Services1100%0%
Solo Cup Operating CorporationManufacturing1100%0%
Aj Boggs and CompanyProfessional, Scientific, and Technical Services1100%0%
Tenneco Automotive Operating Company, Inc.Manufacturing1100%0%
Trintel Technologies, LLCProfessional, Scientific, and Technical Services1100%0%
Woodbridge Holdings US Holding, Inc.Manufacturing1100%0%
XC Car Cafe, LLC1100%0%
Greenmark Biomedical, Inc.Manufacturing1100%0%
Gud Marketing, Inc.Professional, Scientific, and Technical Services1100%0%
Headstream Technologies, LLCProfessional, Scientific, and Technical Services1100%0%
Health Management Associates, Inc.Professional, Scientific, and Technical Services1100%0%
Iaso Therapeutics, Inc.Professional, Scientific, and Technical Services1100%0%
Lansing Board of Water & LightUtilities1100%0%
Lansing Board of Water LightUtilities1100%0%
Lansing Counseling, PLLCHealth Care and Social Assistance1100%0%
Maner Costerisan & Ellis, P CProfessional, Scientific, and Technical Services1100%0%
Maner Costerisan Ellis, P CProfessional, Scientific, and Technical Services1100%0%
Michigan Conference of the UnitedOther Services (except Public Administration)1100%0%
Family Medicine of MichiganHealth Care and Social Assistance1100%0%
Egsolution, Inc.Construction1100%0%
Mid-Michigan Oral Surgery, P CHealth Care and Social Assistance1100%0%
Edward W Sparrow Hospital AssociationHealth Care and Social Assistance1100%0%
Eaton Rapids Family Chiropractic, PLLCHealth Care and Social Assistance1100%0%
Municipal Employees Retirement SysFinance and Insurance1100%0%

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