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Key West Reporter

Friday, February 21, 2025

Key West Reporter Publication Area: How many H-1B petitions were made by employers classified under the Finance and Insurance industry during 2024?

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Tammy Meckley, Associate Director, Immigration Records and Identity Services Directorate for USCIS | https://www.dhswatchlist.com/

Tammy Meckley, Associate Director, Immigration Records and Identity Services Directorate for USCIS | https://www.dhswatchlist.com/

Bankers Healthcare Group, LLC, the only employer classified under the Finance and Insurance industry the Key West Reporter 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 Key West Reporter publication area saw a 27.3% decrease 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 Key West Reporter Publication Area, 2024
RankIndustryTotal Petitions% of All Submissions% Approved% Denied
1Professional, Scientific, and Technical Services2026.3%95%5%
2Finance and Insurance1621.1%100%0%
3Health Care and Social Assistance1317.1%100%0%
4Transportation and Warehousing911.8%100%0%
5Manufacturing33.9%100%0%
5Administrative and Support and Waste Management and Remediation Services33.9%100%0%
7Other Services (except Public Administration)22.6%100%0%
7Retail Trade22.6%100%0%
7Educational Services22.6%100%0%
10Wholesale Trade11.3%100%0%
10Arts, Entertainment, and Recreation11.3%100%0%
10Accommodation and Food Services11.3%0%100%
Employer H-1B Petitions in the Key West Reporter Publication Area During 2024
Company NameIndustriesTotal Petitions% Approved% Denied
Bankers Healthcare Group, LLCFinance and Insurance16100%0%
Pediatric AssociatesHealth Care and Social Assistance11100%0%
Accelirate, Inc.Professional, Scientific, and Technical Services785.7%14.3%
Vali, LLCProfessional, Scientific, and Technical Services5100%0%
DHL Express USA, Inc.Transportation and Warehousing4100%0%
Vsoft Solutions, Inc.Administrative and Support and Waste Management and Remediation Services3100%0%
V Cruises US, LLCTransportation and Warehousing3100%0%
Carepredict, Inc.Manufacturing, Professional, Scientific, and Technical Services2100%0%
As Info, LLCProfessional, Scientific, and Technical Services2100%0%
Miami Community Charter SchoolsEducational Services2100%0%
Agile Infoways, LLCProfessional, Scientific, and Technical Services1100%0%
Vip Care, Inc.Health Care and Social Assistance1100%0%
Bifar, LLCWholesale Trade1100%0%
V Cruises Intermediate LimitedTransportation and Warehousing1100%0%
Tannex DevelopmentAccommodation and Food Services10%100%
Synergy Technologies, LLCProfessional, Scientific, and Technical Services1100%0%
Synergistix, Inc.Professional, Scientific, and Technical Services1100%0%
Smurfit Kappa Packaging, LLCManufacturing1100%0%
Self Employment10%100%
Real Stone and Granite CorporationRetail Trade1100%0%
Rave Infosys D B a Rave Digita, Inc.Professional, Scientific, and Technical Services1100%0%
Bolton Medical, Inc.Manufacturing1100%0%
Key Largo Smiles PAHealth Care and Social Assistance1100%0%
Jack Brewer Foundation, Inc.Other Services (except Public Administration)1100%0%
Ila CorporationProfessional, Scientific, and Technical Services1100%0%
Golf & Tennis Pro Shop, Inc.Retail Trade1100%0%
Global Process Consultants, LLCOther Services (except Public Administration)1100%0%
Florida Triple Threat All-StarArts, Entertainment, and Recreation1100%0%
First Class Obgyn PAHealth Care and Social Assistance1100%0%
Doroni Aerospace, Inc.Transportation and Warehousing1100%0%
Certuche Associates USA, LLC1100%0%

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