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Friday, February 21, 2025

Westbank Louisiana 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 Westbank Louisiana News publication area, submitted four H-1B petitions during 2024, according to data provided by the U.S. Citizenship and Immigration Services via the H-1B Employer Data Hub. Of these, three were approved (75%), while one was denied (25%).

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 Westbank Louisiana News publication area submitted 44 petitions during the same period, achieving an approval rate of 95.5%.

The Professional, Scientific, and Technical Services industry led the H-1B filings in the Westbank Louisiana News publication area during 2024, with 16 petitions (36.4% of all submissions), and an approval rate of 93.8%. Meanwhile, the Manufacturing industry was the second largest contributor, filing 13 petitions (29.5% of the total), with an approval rate of 100%.

In 2024, the Westbank Louisiana News publication area employer with the most petitions categorized under the Finance and Insurance sector was Crescent Bank, which filed two petitions with an approval rate of 100%.

Compared to 2023, the Finance and Insurance sector in the Westbank Louisiana News publication area saw a 300% 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 Westbank Louisiana News Publication Area, 2024
RankIndustryTotal Petitions% of All Submissions% Approved% Denied
1Professional, Scientific, and Technical Services1636.4%93.8%6.3%
2Manufacturing1329.5%100%0%
3Transportation and Warehousing511.4%100%0%
4Finance and Insurance49.1%75%25%
5Educational Services36.8%100%0%
6Arts, Entertainment, and Recreation12.3%100%0%
6Health Care and Social Assistance12.3%100%0%
Employer H-1B Petitions in the Westbank Louisiana News Publication Area During 2024
Company NameIndustryTotal Petitions% Approved% Denied
Intralox, LLCManufacturing12100%0%
Jefferson Parish SchoolsEducational Services3100%0%
Crescent BankFinance and Insurance2100%0%
US Forensic, LLCProfessional, Scientific, and Technical Services2100%0%
Techkuber, LLCProfessional, Scientific, and Technical Services250%50%
Fernandes Maritime Consultants, LLCTransportation and Warehousing2100%0%
Zlight Technology, LLCManufacturing1100%0%
VGP, LLCProfessional, Scientific, and Technical Services1100%0%
Rodco Worldwide, Inc.Finance and Insurance10%100%
River Oaks, Inc.Health Care and Social Assistance1100%0%
Newship, Inc.Transportation and Warehousing1100%0%
Navivan CorporationTransportation and Warehousing1100%0%
Maritech Commercial, Inc.Transportation and Warehousing1100%0%
Leaaf Environmental, LLCProfessional, Scientific, and Technical Services1100%0%
Kofax, Inc.Professional, Scientific, and Technical Services1100%0%
HST Business Solutions D B a T, LLCProfessional, Scientific, and Technical Services1100%0%
GZY Sports GroupArts, Entertainment, and Recreation1100%0%
Focus-Vq, LLCProfessional, Scientific, and Technical Services1100%0%
FMC International, LLC1100%0%
Export US Services, Inc.Professional, Scientific, and Technical Services1100%0%
Engineering and Inspection ServiceProfessional, Scientific, and Technical Services1100%0%
ECM Consultants, Inc.Professional, Scientific, and Technical Services1100%0%
E-Claim Com, LLCProfessional, Scientific, and Technical Services1100%0%
Dynamic Health It, Inc.Professional, Scientific, and Technical Services1100%0%
Digicomm Systems, Inc.Professional, Scientific, and Technical Services1100%0%
Crescent Bank & TrustFinance and Insurance1100%0%
Clement Control SystemsProfessional, Scientific, and Technical Services1100%0%

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