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Monday, March 10, 2025

Finance and Insurance industry employers submit 7 H-1B petitions across North Wake News publication area in 2024

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Ted H. Kim, Associate Director Refugee, Asylum and International Operations Directorate for USCIS | https://www.naco.org/

Ted H. Kim, Associate Director Refugee, Asylum and International Operations Directorate for USCIS | https://www.naco.org/

Employers classified under the Finance and Insurance industry based within the North Wake 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 North Wake News publication area submitted 112 petitions during the same period, achieving an approval rate of 96.4%.

While the Professional, Scientific, and Technical Services industry led the H-1B filings with 82 petitions, representing 73.2% of all submissions in the North Wake News publication area during 2024, the next largest contributor was the Manufacturing industry, which accounted for 12 petitions and represented 10.7% of the total. Among petitions from employers in the Manufacturing industry, all were approved.

In 2024, the North Wake News publication area employer with the most petitions categorized under the Finance and Insurance sector was Enact Mortgage Insurance Corporati, which filed five petitions with an approval rate of 100%.

Compared to 2023, the Finance and Insurance sector in the North Wake News publication area saw a 133.3% 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 Wake News Publication Area, 2024
RankIndustryTotal Petitions% of All Submissions% Approved% Denied
1Professional, Scientific, and Technical Services8273.2%95.1%4.9%
2Manufacturing1210.7%100%0%
3Finance and Insurance76.3%100%0%
4Wholesale Trade21.8%100%0%
4Information21.8%100%0%
6Construction10.9%100%0%
6Real Estate and Rental and Leasing10.9%100%0%
6Other Services (except Public Administration)10.9%100%0%
6Retail Trade10.9%100%0%
Employer H-1B Petitions in the North Wake News Publication Area During 2024
Company NameIndustryTotal Petitions% Approved% Denied
Fortisview, LLCProfessional, Scientific, and Technical Services1782.4%17.6%
Kronsys, Inc.Professional, Scientific, and Technical Services10100%0%
Wisdom Soft, Inc.Professional, Scientific, and Technical Services8100%0%
SKY Systems, Inc.Professional, Scientific, and Technical Services7100%0%
Dynpro, Inc.Professional, Scientific, and Technical Services785.7%14.3%
S and ME, Inc.Professional, Scientific, and Technical Services6100%0%
Cygtec, Inc.Professional, Scientific, and Technical Services6100%0%
Enact Mortgage Insurance CorporatiFinance and Insurance5100%0%
Merz North America, Inc.Manufacturing3100%0%
4sphere Software Solutions, LLCProfessional, Scientific, and Technical Services3100%0%
Merz Pharmaceuticals, LLCManufacturing2100%0%
Predictant, LLCProfessional, Scientific, and Technical Services2100%0%
Eguagen Engineers, PLLCProfessional, Scientific, and Technical Services2100%0%
Engineered Tower Solutions, PLLCProfessional, Scientific, and Technical Services2100%0%
Classic D B a RDU Galleria, LLCReal Estate and Rental and Leasing1100%0%
Accord Biopharma, Inc.Manufacturing1100%0%
Meta Platforms, Inc.Information1100%0%
Raleigh Animal Care, PLLC1100%0%
RBC Bank Georgia National AssociatFinance and Insurance1100%0%
Reveo, LLCProfessional, Scientific, and Technical Services1100%0%
Rf2antenna, LLCProfessional, Scientific, and Technical Services1100%0%
Absolent, Inc.Manufacturing1100%0%
Sable Fermentation, Inc.Professional, Scientific, and Technical Services1100%0%
8msolar, LLCConstruction1100%0%
Sonic Device Repair, Inc.Other Services (except Public Administration)1100%0%
Trimm International, Inc.Wholesale Trade1100%0%
TSG Consulting, LLCProfessional, Scientific, and Technical Services1100%0%
Turbo Capital, Inc.Retail Trade1100%0%
US Composting CouncilProfessional, Scientific, and Technical Services1100%0%
Collins Structural Consulting, PLLCProfessional, Scientific, and Technical Services1100%0%
Curi Management CompanyFinance and Insurance1100%0%
Cary Animal Care, PLLCProfessional, Scientific, and Technical Services1100%0%
Daedong-USA, Inc.Wholesale Trade1100%0%
Delta Progress Group, Inc.Professional, Scientific, and Technical Services1100%0%
Captive-Aire Systems, Inc.Manufacturing1100%0%
Andritz Fabric and Rolls, Inc.Manufacturing1100%0%
Altec Industries, Inc.Manufacturing1100%0%
GK Software USA, Inc.Professional, Scientific, and Technical Services1100%0%
Gridbridge, Inc.Manufacturing1100%0%
Insightsoftware, LLCInformation1100%0%
K-Flex USA, LLCManufacturing1100%0%
Alliance of Professionals and ConsProfessional, Scientific, and Technical Services1100%0%
Laut Design, Inc.Professional, Scientific, and Technical Services1100%0%
Linxai, Inc.Professional, Scientific, and Technical Services1100%0%
Manufacturing Compliance and Automation Services, Inc.Professional, Scientific, and Technical Services1100%0%
Matchit Talent Solutions, LLCProfessional, Scientific, and Technical Services1100%0%

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