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Thursday, February 13, 2025

SE Iowa 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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Ur Mendoza Jaddou, Director of the U.S. Citizenship and Immigration Services. | https://www.uscis.gov/about-us/organization/leadership/ur-m-jaddou-director-us-citizenship-and-immigration-services

Ur Mendoza Jaddou, Director of the U.S. Citizenship and Immigration Services. | https://www.uscis.gov/about-us/organization/leadership/ur-m-jaddou-director-us-citizenship-and-immigration-services

Employers classified under the Finance and Insurance industry based within the SE Iowa News publication area, submitted seven 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 SE Iowa News publication area submitted 63 petitions during the same period, achieving an approval rate of 96.8%.

The Educational Services industry led the H-1B filings in the SE Iowa News publication area during 2024, with 18 petitions (28.6% of all submissions), and an approval rate of 94.4%. Meanwhile, the Health Care and Social Assistance industry was the second largest contributor, filing 15 petitions (23.8% of the total), with an approval rate of 100%.

Among local employers with petitions categorized under the Finance and Insurance sector during 2024, Eneric Petroleum Corporation D B a stood out with five petitions and an approval rate of 100%, followed by Eneric Petroleum Corporation D B a Cambridge Investment Research, Inc. with two petitions and an approval rate of 100%.

Compared to 2023, the Finance and Insurance sector in the SE Iowa News publication area saw a 75% 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 SE Iowa News Publication Area, 2024
RankIndustryTotal Petitions% of All Submissions% Approved% Denied
1Educational Services1828.6%94.4%5.6%
2Health Care and Social Assistance1523.8%100%0%
3Manufacturing1320.6%100%0%
4Finance and Insurance711.1%100%0%
5Professional, Scientific, and Technical Services57.9%80%20%
6Retail Trade23.2%100%0%
7Public Administration11.6%100%0%
Employer H-1B Petitions in the SE Iowa News Publication Area During 2024
Company NameIndustryTotal Petitions% Approved% Denied
Maharishi International UniversityEducational Services1894.4%5.6%
HNI CorporationManufacturing9100%0%
Great River Health System, Inc.Health Care and Social Assistance8100%0%
Southeast Iowa Regional Medical CeHealth Care and Social Assistance6100%0%
Eneric Petroleum Corporation D B aFinance and Insurance5100%0%
Stanley Consultants, Inc.Professional, Scientific, and Technical Services3100%0%
Eneric Petroleum Corporation D B a Cambridge Investment Research, Inc.Finance and Insurance2100%0%
Health Research InstituteProfessional, Scientific, and Technical Services250%50%
Overland Sheepskin Company, Inc.Retail Trade2100%0%
Van Buren County HospitalHealth Care and Social Assistance2100%0%
Frederick Swartz and Company, PCProfessional, Scientific, and Technical Services1100%0%
Iowa Fertilizer Company, LLCManufacturing1100%0%
Raymond Muscatine, Inc.Manufacturing1100%0%
Southeast Iowa Regional Planning CommissionPublic Administration1100%0%
Ssab Iowa, Inc.Manufacturing1100%0%
Winegard CompanyManufacturing1100%0%

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