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Sunday, February 23, 2025

H-1B Insights: An employer classified under Finance and Insurance industry file 1 petition in East PDX Today publication area throughout 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/

Bankevo, LLC, the only employer classified under the Finance and Insurance industry the East PDX Today publication area to file an H-1B petition in 2024, had its petition approved, giving the company a 100% approval rate, according to data provided by the U.S. Citizenship and Immigration Services via the H-1B Employer Data Hub.

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%.

Compared to 2023, the Finance and Insurance sector in the East PDX Today publication area saw an 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 East PDX Today Publication Area, 2024
RankIndustryTotal Petitions% of All Submissions% Approved% Denied
1Health Care and Social Assistance2133.3%95.2%4.8%
2Professional, Scientific, and Technical Services1727%100%0%
3Manufacturing1320.6%100%0%
4Information34.8%66.7%33.3%
5Educational Services23.2%100%0%
5Wholesale Trade23.2%100%0%
5Construction23.2%100%0%
8Finance and Insurance11.6%100%0%
8Real Estate and Rental and Leasing11.6%100%0%
8Retail Trade11.6%100%0%
Employer H-1B Petitions in the East PDX Today Publication Area During 2024
Company NameIndustryTotal Petitions% Approved% Denied
Rehab Specialists California D, LLCHealth Care and Social Assistance988.9%11.1%
Kindercare Education, LLCHealth Care and Social Assistance7100%0%
Micro Systems Engineering, Inc.Manufacturing6100%0%
Vesta CorporationProfessional, Scientific, and Technical Services5100%0%
Rehab Specialists I, LLCHealth Care and Social Assistance3100%0%
Extendrum TechnologiesProfessional, Scientific, and Technical Services3100%0%
Dwfritz Automation, LLCProfessional, Scientific, and Technical Services2100%0%
Obility Consulting, Inc.Professional, Scientific, and Technical Services1100%0%
Powin Energy Operating, LLCManufacturing1100%0%
Premere Rehab, LLCHealth Care and Social Assistance1100%0%
Proudman Holdings, Inc.Retail Trade1100%0%
RLH Assets, LLCProfessional, Scientific, and Technical Services1100%0%
Rockmore International, Inc.Manufacturing1100%0%
Salem Home Care D B a Assured Home Health, LLCHealth Care and Social Assistance1100%0%
Stanley Infrastructure, LLCManufacturing1100%0%
Tellagence, Inc.Information1100%0%
Verilytics, Inc.Information1100%0%
Warn Automotive, LLCManufacturing1100%0%
Wellmade Floor Coverings InternatiWholesale Trade1100%0%
Yakima Products, Inc.Manufacturing1100%0%
North Clackamas School District 12Educational Services1100%0%
Meridian Rail Acquisition, Corp.Manufacturing1100%0%
MCK Controls, LLCProfessional, Scientific, and Technical Services1100%0%
Leadventure, Inc.Information10%100%
Kinsol Timber Systems, Inc.Construction1100%0%
Kamind It, Inc.Professional, Scientific, and Technical Services1100%0%
Industrial Metrology Solutions, LLCProfessional, Scientific, and Technical Services1100%0%
D6, Inc.Manufacturing1100%0%
Coffman Excavation, Inc.Construction1100%0%
Buckeye Pacific, LLCWholesale Trade1100%0%
Biogen Laboratory Developments, LLCProfessional, Scientific, and Technical Services1100%0%
BDG Property, LLCReal Estate and Rental and Leasing1100%0%
Bankevo, LLCFinance and Insurance1100%0%
Atlas Immersion Academy, Inc.Educational Services1100%0%
Anchor Qea, LLCProfessional, Scientific, and Technical Services1100%0%

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