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Wednesday, February 19, 2025

North Wichita 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/

Bhattarai Diemer Group, LLC, the only employer classified under the Finance and Insurance industry the North Wichita News 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 North Wichita News 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 North Wichita News Publication Area, 2024
RankIndustryTotal Petitions% of All Submissions% Approved% Denied
1Manufacturing1946.3%94.7%5.3%
2Professional, Scientific, and Technical Services1024.4%100%0%
3Health Care and Social Assistance614.6%100%0%
4Wholesale Trade24.9%100%0%
5Educational Services12.4%100%0%
5Finance and Insurance12.4%100%0%
5Transportation and Warehousing12.4%100%0%
Employer H-1B Petitions in the North Wichita News Publication Area During 2024
Company NameIndustryTotal Petitions% Approved% Denied
Koch Capabilities, LLCProfessional, Scientific, and Technical Services7100%0%
Investment Management Services, LLCManufacturing6100%0%
Koch Agent and Energy Solutions, LLCManufacturing4100%0%
Flint Hills Resources LCManufacturing3100%0%
Newton Healthcare CorporationHealth Care and Social Assistance3100%0%
Bunting Magnetics CompanyWholesale Trade2100%0%
Investment Nylon Chemicals Americas, LLCManufacturing2100%0%
Sentient Energy, Inc.Professional, Scientific, and Technical Services1100%0%
Prairie View, Inc.Health Care and Social Assistance1100%0%
Optimized Process Designs, LLCProfessional, Scientific, and Technical Services1100%0%
Onpoint Digital Solutions, LLCProfessional, Scientific, and Technical Services1100%0%
KS Gastroenterology, LLCHealth Care and Social Assistance1100%0%
Koch Minerals and Trading, LLCManufacturing1100%0%
KBX Logistics, LLCTransportation and Warehousing1100%0%
Heartland Cardiology, LLCHealth Care and Social Assistance1100%0%
Great Plains Industries, Inc.Manufacturing1100%0%
Georgia Pacific Consumer Products LPManufacturing10%100%
Flint Hills Resources Pine Bend LLManufacturing1100%0%
Flint Hills Resources LPManufacturing1100%0%
Bhattarai Diemer Group, LLCFinance and Insurance1100%0%
Bethel CollegeEducational Services1100%0%

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