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Friday, February 21, 2025

NE Bergen 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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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 NE Bergen News publication area, submitted 13 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 NE Bergen News publication area submitted 510 petitions during the same period, achieving an approval rate of 94.5%.

While the Professional, Scientific, and Technical Services industry led the H-1B filings with 314 petitions, representing 61.6% of all submissions in the NE Bergen News publication area during 2024, the next largest contributor was the Manufacturing industry, which accounted for 46 petitions and represented 9% of the total. Among petitions from employers in the Manufacturing industry, all were approved.

Compared to 2023, the Finance and Insurance sector in the NE Bergen News publication area saw an 18.2% 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 NE Bergen News Publication Area, 2024
RankIndustryTotal Petitions% of All Submissions% Approved% Denied
1Professional, Scientific, and Technical Services31461.6%92.7%7.3%
2Manufacturing469%100%0%
3Wholesale Trade285.5%96.4%3.6%
4Construction214.1%95.2%4.8%
5Educational Services183.5%100%0%
6Health Care and Social Assistance163.1%93.8%6.3%
7Finance and Insurance132.5%100%0%
8Administrative and Support and Waste Management and Remediation Services122.4%83.3%16.7%
9Information102%100%0%
10Retail Trade71.4%100%0%
11Utilities61.2%100%0%
12Transportation and Warehousing51%100%0%
13Real Estate and Rental and Leasing40.8%100%0%
14Accommodation and Food Services30.6%100%0%
15Other Services (except Public Administration)20.4%100%0%
16Management of Companies and Enterprises10.2%100%0%
Employer H-1B Petitions in the NE Bergen News Publication Area During 2024
Company NameIndustriesTotal Petitions% Approved% Denied
ITC Infotech USA, Inc.Professional, Scientific, and Technical Services11199.1%0.9%
Indus Group, Inc.Professional, Scientific, and Technical Services26100%0%
Pintegra D B a Cloudtechys, LLCProfessional, Scientific, and Technical Services2195.2%4.8%
Futuremindz, LLCProfessional, Scientific, and Technical Services1838.9%61.1%
Infinity Technician Group, Inc.Professional, Scientific, and Technical Services15100%0%
Benjamin Moore and CompanyManufacturing13100%0%
Sony Electronics, Inc.Manufacturing12100%0%
SRNL International, Inc.Professional, Scientific, and Technical Services1250%50%
Neelam Construction, Corp.Construction10100%0%
BMW of North America, LLCWholesale Trade9100%0%
American Techno Solutions, Inc.Professional, Scientific, and Technical Services7100%0%
Pintegra, LLCProfessional, Scientific, and Technical Services785.7%14.3%
Hackensack Meridian Health MedicalHealth Care and Social Assistance6100%0%
Swarn, Inc.Professional, Scientific, and Technical Services6100%0%
US Healthcare, LLCAdministrative and Support and Waste Management and Remediation Services666.7%33.3%
Veolia Water M and S Paramus, Inc.Utilities6100%0%
Kunj Construction, Corp.Construction6100%0%
Blue Sage Solutions, LLCInformation5100%0%
Unilever United States, Inc.Manufacturing5100%0%
Savvas Learning Company, LLCEducational Services5100%0%
Eos Accountants, LLPProfessional, Scientific, and Technical Services5100%0%
Owncompany, Inc.Professional, Scientific, and Technical Services5100%0%
Crestron Electronics, Inc.Professional, Scientific, and Technical Services5100%0%
Fairleigh Dickinson UniversityEducational Services4100%0%
Japanese Childrens Society, Inc.Educational Services4100%0%
AMG Technology, LLCProfessional, Scientific, and Technical Services450%50%
Miracle Solutions, LLCProfessional, Scientific, and Technical Services4100%0%
Maxnet Technologies, LLCProfessional, Scientific, and Technical Services475%25%
Ekait, LLCProfessional, Scientific, and Technical Services3100%0%
JLM Systems, Inc.Professional, Scientific, and Technical Services3100%0%
Klichs, LLPProfessional, Scientific, and Technical Services3100%0%
Cross River BankFinance and Insurance3100%0%
Connexions Data, Inc.Professional, Scientific, and Technical Services3100%0%
Isquareinfo, LLCProfessional, Scientific, and Technical Services3100%0%
Broad USA, Inc.Wholesale Trade3100%0%
Hanwha Vision America, Inc.Administrative and Support and Waste Management and Remediation Services3100%0%
Agile Squad, Inc.Professional, Scientific, and Technical Services3100%0%
Agam Capital Management, LLCFinance and Insurance3100%0%
JK Technician US, Inc.Professional, Scientific, and Technical Services2100%0%
Iottie, Inc.Wholesale Trade, Retail Trade2100%0%
BMW Financial Services LLC, NAFinance and Insurance2100%0%
KWC Partners, LLPProfessional, Scientific, and Technical Services2100%0%
LG CNS America, Inc.Professional, Scientific, and Technical Services2100%0%
My Life Registry, LLCAdministrative and Support and Waste Management and Remediation Services2100%0%
Nitto, Inc.Manufacturing2100%0%
OWMN D B a Bridge, Ltd.Professional, Scientific, and Technical Services2100%0%
Party City CorporationRetail Trade2100%0%
RadcomProfessional, Scientific, and Technical Services2100%0%
Regional Cancer Care Associates LLHealth Care and Social Assistance2100%0%
Swaratech, Inc.Professional, Scientific, and Technical Services2100%0%
Tax Technologies, Inc.Professional, Scientific, and Technical Services2100%0%
The Transformation Group, LLCProfessional, Scientific, and Technical Services2100%0%
Triedge Lab, LLCProfessional, Scientific, and Technical Services2100%0%
USP Management, Inc.Wholesale Trade2100%0%
Giir America D B a HS Ad, Inc.Professional, Scientific, and Technical Services2100%0%
Balchem CorporationManufacturing2100%0%
Holy Name Medical CenterHealth Care and Social Assistance2100%0%
Seoul Shik Poom, Inc.Wholesale Trade1100%0%
Seil, LLPProfessional, Scientific, and Technical Services1100%0%
Cesna Group, Inc.Administrative and Support and Waste Management and Remediation Services1100%0%
Samsung SDS America, Inc.Professional, Scientific, and Technical Services1100%0%
S Platform, LLCWholesale Trade1100%0%
Rue DE Can, Inc.Retail Trade1100%0%
Royal Plaza Drug, LLCRetail Trade1100%0%
Ridgewood Montessori SchoolEducational Services1100%0%
Cognizant Technology Solutions USProfessional, Scientific, and Technical Services1100%0%
Ramsey Theory Capital, LLCProfessional, Scientific, and Technical Services1100%0%
Cognizant Worldwide Limited CognizantProfessional, Scientific, and Technical Services1100%0%
R2gate America, Inc.Manufacturing1100%0%
Psychogenics, Inc.Professional, Scientific, and Technical Services1100%0%
Prodirect Dental Lab, LLCManufacturing1100%0%
Primoris AcademyEducational Services1100%0%
Colonial Surety CompanyFinance and Insurance1100%0%
LHS Productions, Inc.Professional, Scientific, and Technical Services1100%0%
Creative Management Services D, LLCProfessional, Scientific, and Technical Services1100%0%
Phil ART Studio & SCI Toefl, Inc.Educational Services1100%0%
Pentax of America, Inc.Manufacturing1100%0%
One Academy, Inc.Health Care and Social Assistance1100%0%
DDLB Englewood Dulce DE LecheAccommodation and Food Services1100%0%
Decor, Inc.Manufacturing1100%0%
Do N Construciton, Corp.Construction1100%0%
Overseas Food Trading, Ltd.Wholesale Trade1100%0%
Yehezkel CPA, LLCProfessional, Scientific, and Technical Services1100%0%
WRG Engineering, P CProfessional, Scientific, and Technical Services1100%0%
Windy Bay Power, LLCFinance and Insurance1100%0%
W Concept USA, Inc.Wholesale Trade1100%0%
Vyom Donut Management, LLCManagement of Companies and Enterprises1100%0%
AMS Capital Group, LLCReal Estate and Rental and Leasing1100%0%
Bbdotq USA, Inc.Accommodation and Food Services1100%0%
United Merchant Services, Inc.Finance and Insurance1100%0%
Benjamin Moore CompanyManufacturing1100%0%
Uflex Packaging, Inc.Manufacturing1100%0%
Blinds to Go US, Inc.Manufacturing1100%0%
Templeton Capital, LLCRetail Trade1100%0%
Televisaunivision Management CompanyInformation1100%0%
Technology Dynamics, Inc.Wholesale Trade1100%0%
Boconcept of New Jersey, LLC1100%0%
Takasago International CorporationManufacturing1100%0%
C Land Realty CompanyReal Estate and Rental and Leasing1100%0%
Camerican International, Inc.Wholesale Trade1100%0%
Sustainable Engineering Services PProfessional, Scientific, and Technical Services1100%0%
Subinprara Medical Group, Inc.Health Care and Social Assistance1100%0%
CareplusnjHealth Care and Social Assistance1100%0%
Soulful Nutrition, Inc.Manufacturing1100%0%
CDG Architects, LLCProfessional, Scientific, and Technical Services1100%0%
Soft Innovas, LLCEducational Services1100%0%
Sharemoney, Inc.Finance and Insurance1100%0%
Excelsior Engineering Services, PCProfessional, Scientific, and Technical Services1100%0%
Levinzon CPA, PCProfessional, Scientific, and Technical Services1100%0%
Lantelme Kurens and Associates, PCProfessional, Scientific, and Technical Services1100%0%
L&S Trade, Inc.Wholesale Trade1100%0%
Express Store, Inc.Information1100%0%
Ez Pharmacy, Inc.Retail Trade1100%0%
Fastech Consulting, LLCProfessional, Scientific, and Technical Services1100%0%
Kleo Kolor CorporationWholesale Trade1100%0%
Kim and Bae, PCProfessional, Scientific, and Technical Services1100%0%
Kenrose Perfumes D B a Europer, Inc.Wholesale Trade1100%0%
Kaizen Homes, LLCConstruction10%100%
JT International USA, Inc.Wholesale Trade1100%0%
Gantrade CorporationManufacturing1100%0%
Gattefosse CorporationWholesale Trade1100%0%
JK Solution, Inc.Transportation and Warehousing1100%0%
J Fletcher Creamer Son, Inc.Construction1100%0%
Give Chances, Inc.Other Services (except Public Administration)1100%0%
GNS Trading, Corp.Wholesale Trade1100%0%
Ground Management Holdings, LLCProfessional, Scientific, and Technical Services1100%0%
Interstate Waste Services, Inc.Professional, Scientific, and Technical Services1100%0%
Information Asset, LLCInformation1100%0%
HNF Logistics, Inc.Transportation and Warehousing1100%0%
Holy Mane Med Center, PCHealth Care and Social Assistance1100%0%
Hyundai Marine and Fire InsuranceFinance and Insurance1100%0%
Hyundai America, Inc.Construction1100%0%
Objecutive, Inc.Professional, Scientific, and Technical Services1100%0%
NSV Construction, LLCConstruction1100%0%
Northwood Healthcare Group, LLCHealth Care and Social Assistance1100%0%
Dowa Line America Company, Ltd.Transportation and Warehousing1100%0%
New Jersey Music School, LLCEducational Services1100%0%
New Frontier Chodae ChurchOther Services (except Public Administration)1100%0%
DR Dental of New Jersey, PCHealth Care and Social Assistance1100%0%
EKCL, LLCProfessional, Scientific, and Technical Services1100%0%
MS Comprehensive Care Center a DivHealth Care and Social Assistance10%100%
Enburg Group USA, LLCReal Estate and Rental and Leasing1100%0%
Microwize Technology, Inc.Professional, Scientific, and Technical Services1100%0%
Metal Improvement Company, LLCManufacturing1100%0%
Mene, Inc.Manufacturing1100%0%
Megabusiness, LLCWholesale Trade10%100%
Mega Construction Management, Inc.Professional, Scientific, and Technical Services1100%0%
Erdos Technologies, Inc.Professional, Scientific, and Technical Services1100%0%
Matrix Payment Services, LLCProfessional, Scientific, and Technical Services1100%0%
Matris Holding, LLCReal Estate and Rental and Leasing1100%0%
Marine Tiger Technologies CorporationProfessional, Scientific, and Technical Services1100%0%
Manna Basket Global CorporationAccommodation and Food Services1100%0%
Malesardi Quackenbush Swift & Company, LLCProfessional, Scientific, and Technical Services1100%0%
Magestic Technologies, LLCProfessional, Scientific, and Technical Services1100%0%
Made4net, LLCInformation1100%0%
LX Pantos USA, Inc.Transportation and Warehousing1100%0%
LX Pantos America, Inc.Transportation and Warehousing1100%0%
Limosys, LLCInformation1100%0%

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