Quantcast

Minneapolis Review

Saturday, February 15, 2025

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

Webp gbmen3qc3ezya5q5dugdcpw3fbqv

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/

Employers classified under the Finance and Insurance industry based within the Minneapolis Review publication area, submitted 651 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, 648 were approved (99.5%), while three were denied (0.5%).

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 Minneapolis Review publication area submitted 1,507 petitions during the same period, achieving an approval rate of 98.7%.

The Finance and Insurance industry led the H-1B filings in the Minneapolis Review publication area during 2024, with 651 petitions (43.2% of all submissions), and an approval rate of 99.5%. Meanwhile, the Professional, Scientific, and Technical Services industry was the second largest contributor, filing 253 petitions (16.8% of the total), with an approval rate of 96%.

The Minneapolis Review publication area employers with the most petitions categorized under the Finance and Insurance sector during 2024 included US Bank National Association, which filed 467 petitions with an approval rate of 99.8%, RBC Capital Markets, LLC with 93 petitions and an approval rate of 100%, and Elavon, Inc., which filed 24 petitions with an approval rate of 100%.

Compared to 2023, the Finance and Insurance sector in the Minneapolis Review publication area saw a 10.1% 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 Minneapolis Review Publication Area, 2024
RankIndustryTotal Petitions% of All Submissions% Approved% Denied
1Finance and Insurance65143.2%99.5%0.5%
2Professional, Scientific, and Technical Services25316.8%96%4%
3Educational Services24116%99.2%0.8%
4Retail Trade16210.7%99.4%0.6%
5Health Care and Social Assistance614%95.1%4.9%
6Manufacturing352.3%100%0%
7Information241.6%100%0%
8Administrative and Support and Waste Management and Remediation Services221.5%100%0%
9Utilities80.5%100%0%
10Construction60.4%100%0%
10Other Services (except Public Administration)60.4%100%0%
12Wholesale Trade50.3%100%0%
13Management of Companies and Enterprises30.2%100%0%
14Arts, Entertainment, and Recreation20.1%100%0%
15Public Administration10.1%100%0%
15Accommodation and Food Services10.1%100%0%
15Real Estate and Rental and Leasing10.1%100%0%
15Transportation and Warehousing10.1%100%0%
Employer H-1B Petitions in the Minneapolis Review Publication Area During 2024
Company NameIndustriesTotal Petitions% Approved% Denied
US Bank National AssociationFinance and Insurance, Management of Companies and Enterprises47299.8%0.2%
University of MinnesotaEducational Services, Health Care and Social Assistance18599.5%0.5%
Best Buy Company, Inc.Retail Trade132100%0%
RBC Capital Markets, LLCFinance and Insurance93100%0%
University of Minnesota PhysiciansHealth Care and Social Assistance28100%0%
Elavon, Inc.Finance and Insurance24100%0%
Target Enterprise, Inc.Retail Trade24100%0%
DC Group, Inc.Manufacturing23100%0%
Deluxe CorporationAdministrative and Support and Waste Management and Remediation Services22100%0%
Minneapolis Public SchoolsEducational Services18100%0%
Oremda Infotech, Inc.Professional, Scientific, and Technical Services1492.9%7.1%
Turnberry Solutions, Inc.Professional, Scientific, and Technical Services1492.9%7.1%
Allina Health SystemHealth Care and Social Assistance1392.3%7.7%
Iziel Healthcare, Inc.Professional, Scientific, and Technical Services13100%0%
Param Technologies, Inc.Professional, Scientific, and Technical Services1291.7%8.3%
Sleep Number CorporationRetail Trade1291.7%8.3%
Strategic Education, Inc.Educational Services12100%0%
Talech, Inc.Information, Finance and Insurance11100%0%
Yinghua AcademyEducational Services11100%0%
Idom, Inc.Professional, Scientific, and Technical Services11100%0%
Sezzle, Inc.Professional, Scientific, and Technical Services10100%0%
Phdata, Inc.Professional, Scientific, and Technical Services10100%0%
Horizontal Integration, Inc.Professional, Scientific, and Technical Services9100%0%
WSB, LLCProfessional, Scientific, and Technical Services9100%0%
Royal Bank of CanadaFinance and Insurance988.9%11.1%
Hennepin Healthcare System, Inc.Health Care and Social Assistance9100%0%
Bento Technologies, Inc.Professional, Scientific, and Technical Services9100%0%
U S Electronics, Inc.Professional, Scientific, and Technical Services9100%0%
Ucare MinnesotaFinance and Insurance8100%0%
Piper Sandler and CompanyFinance and Insurance7100%0%
Provation Software, Inc.Information7100%0%
Datasite, LLCInformation6100%0%
Phaedon, LLCProfessional, Scientific, and Technical Services6100%0%
Allianz Technology of America, Inc.Finance and Insurance6100%0%
Xcel Energy Services, Inc.Utilities5100%0%
US Electronics, Inc.Professional, Scientific, and Technical Services580%20%
National Marrow Donor ProgramHealth Care and Social Assistance5100%0%
Ryan Companies US, Inc.Construction5100%0%
Research & Diagnostic Systems, Inc.Professional, Scientific, and Technical Services4100%0%
Thrivent Financial for LutheransFinance and Insurance4100%0%
Hennepin Healthcare Research InstituteProfessional, Scientific, and Technical Services4100%0%
FSV Payment Systems, Inc.Finance and Insurance4100%0%
Hammel Green and Abrahamson, Inc.Professional, Scientific, and Technical Services475%25%
Hennepin SchoolsEducational Services3100%0%
Ovative Group, LLCProfessional, Scientific, and Technical Services3100%0%
Longevity Holdings, Inc.Finance and Insurance3100%0%
Fish and Richardson, P CProfessional, Scientific, and Technical Services3100%0%
Minneapolis Heart Institute FoundationProfessional, Scientific, and Technical Services3100%0%
Delphix, Corp.Professional, Scientific, and Technical Services3100%0%
School ServicesProfessional, Scientific, and Technical Services3100%0%
Aim Academy of Science and TechnolEducational Services3100%0%
Amplifon USA, Inc.Manufacturing, Wholesale Trade3100%0%
Augsburg UniversityEducational Services366.7%33.3%
SPS Commerce, Inc.Professional, Scientific, and Technical Services3100%0%
Childrens Health CareHealth Care and Social Assistance366.7%33.3%
Center for Energy and EnvironmentProfessional, Scientific, and Technical Services3100%0%
Best Academy a K a Harvest Best AcEducational Services3100%0%
Zepto Life Technology, Inc.Professional, Scientific, and Technical Services2100%0%
Itasca Consulting Group, Inc.Professional, Scientific, and Technical Services2100%0%
Yco US, Inc.Professional, Scientific, and Technical Services2100%0%
WSB Associates, Inc.Professional, Scientific, and Technical Services2100%0%
Wilson Law Group, LLCProfessional, Scientific, and Technical Services250%50%
Make, LLCProfessional, Scientific, and Technical Services250%50%
Merchant and Gould, P CProfessional, Scientific, and Technical Services2100%0%
US Bancorp Investments, Inc.Finance and Insurance2100%0%
Minneapolis VA Health Care SystemHealth Care and Social Assistance2100%0%
Navs Technologies, LLCProfessional, Scientific, and Technical Services2100%0%
Net Lift Insights, LLCProfessional, Scientific, and Technical Services2100%0%
Netspi, LLCProfessional, Scientific, and Technical Services2100%0%
Schwegman Lundberg Woessner PAProfessional, Scientific, and Technical Services2100%0%
Novel Energy Solutions, LLCUtilities2100%0%
Parallel, LLCWholesale Trade2100%0%
Russell Herder GBCProfessional, Scientific, and Technical Services2100%0%
RBC Global Asset Management US, Inc.Finance and Insurance250%50%
Ab Carval Investors L PFinance and Insurance2100%0%
Atomic Data, LLCProfessional, Scientific, and Technical Services2100%0%
Carmichael Lynch, Inc.Professional, Scientific, and Technical Services2100%0%
Colliers Securities, LLCFinance and Insurance2100%0%
Cuningham Group Architecture, Inc.Professional, Scientific, and Technical Services2100%0%
Dorsey & Whitney, LLPProfessional, Scientific, and Technical Services2100%0%
Elan TC, LLCProfessional, Scientific, and Technical Services2100%0%
Federal Reserve Bank of MinneapolisFinance and Insurance2100%0%
Fish Richardson, PCProfessional, Scientific, and Technical Services20%100%
Frontline Biotechnologies, Inc.Professional, Scientific, and Technical Services2100%0%
Gravie, Inc.Finance and Insurance2100%0%
ID Insight D B a Kevari, Inc.Professional, Scientific, and Technical Services2100%0%
Icario, Inc.Professional, Scientific, and Technical Services2100%0%
Tea2 Architects, Inc.Professional, Scientific, and Technical Services1100%0%
Target General Merchandise, Inc.Retail Trade1100%0%
Cibo Technologies, Inc.Professional, Scientific, and Technical Services1100%0%
Cliftonlarsonallen, LLPProfessional, Scientific, and Technical Services1100%0%
Sun Country D B a Sun Country, Inc.Transportation and Warehousing1100%0%
Code42 Software, Inc.Information1100%0%
Stoc AdvisoryProfessional, Scientific, and Technical Services1100%0%
Stinson, LLPProfessional, Scientific, and Technical Services1100%0%
Codeweavers, Inc.Professional, Scientific, and Technical Services1100%0%
So Good Brand, Inc.Manufacturing1100%0%
Coen Partners, LLCProfessional, Scientific, and Technical Services1100%0%
Colle and Mcvoy, LLCProfessional, Scientific, and Technical Services1100%0%
Set Academy SchoolEducational Services1100%0%
Serveminnesota1100%0%
Sentera, Inc.Manufacturing1100%0%
Seabury Aviation Partners, LLCProfessional, Scientific, and Technical Services1100%0%
Inspire Medical Systems, Inc.Manufacturing1100%0%
Schwegman Lundberg & Woessner PAProfessional, Scientific, and Technical Services1100%0%
Coloplast, Corp.Manufacturing1100%0%
Intertech Systems, LLCProfessional, Scientific, and Technical Services1100%0%
Denamico, LLCProfessional, Scientific, and Technical Services1100%0%
RS EdenHealth Care and Social Assistance1100%0%
Doof Knird, LLCAccommodation and Food Services1100%0%
Rokos, LLCReal Estate and Rental and Leasing1100%0%
Robert Half, Inc.Professional, Scientific, and Technical Services1100%0%
Representative Commerce, Inc.Professional, Scientific, and Technical Services1100%0%
Academy of Holy AngelsEducational Services1100%0%
Adolfson and Peterson, Inc.Construction1100%0%
Agency Squid, LLCProfessional, Scientific, and Technical Services1100%0%
Alliant Engineering, Inc.Public Administration1100%0%
Ao1 Holdings D B a Players Hea, Inc.Finance and Insurance1100%0%
Winthrop Weinstine PAProfessional, Scientific, and Technical Services1100%0%
Independent School District 282 DBEducational Services1100%0%
Whitebox Advisors, LLCFinance and Insurance1100%0%
Augeo Affinity Marketing, Inc.Professional, Scientific, and Technical Services1100%0%
US Bank Trust Company National ASSFinance and Insurance1100%0%
Brevity Technologies, Inc.Professional, Scientific, and Technical Services1100%0%
Bullseye Marketing, LLC1100%0%
Capillary Technologies, LLCInformation1100%0%
Independent School District No 283Educational Services1100%0%
Umphysicians Management Company, LLCManagement of Companies and Enterprises1100%0%
Castlelake L PFinance and Insurance1100%0%
Castlelake LPFinance and Insurance1100%0%
Twin Cities Spine CenterHealth Care and Social Assistance1100%0%
Center for Earth Energy & DemocracyOther Services (except Public Administration)1100%0%
Travelator, Inc.Finance and Insurance1100%0%
Traive, Inc.Finance and Insurance1100%0%
Training Leaders InternationalOther Services (except Public Administration)1100%0%
Certified Power, Inc.Professional, Scientific, and Technical Services1100%0%
The Minnesota OperaArts, Entertainment, and Recreation1100%0%
The Lacek Group, LLCProfessional, Scientific, and Technical Services1100%0%
The Constellation FundOther Services (except Public Administration)1100%0%
The Alliance, Inc.Professional, Scientific, and Technical Services1100%0%
Northern States Power Company a MIUtilities1100%0%
Nonviolent PeaceforceOther Services (except Public Administration)1100%0%
Niron Magnetics, Inc.Manufacturing1100%0%
Kanneglesser Etech, Inc.Manufacturing1100%0%
Foresight Associates, LLCProfessional, Scientific, and Technical Services1100%0%
NCS Pearson, Inc.Information1100%0%
Kognitiv US, LLCProfessional, Scientific, and Technical Services1100%0%
Gori and Associates, LLCProfessional, Scientific, and Technical Services1100%0%
My Meds D B a Mymeds, Inc.Professional, Scientific, and Technical Services1100%0%
Minnesota Timberwolves BasketballArts, Entertainment, and Recreation1100%0%
Minnesota State University MankatoEducational Services1100%0%
Minnehaha AcademyEducational Services1100%0%
Graco Minnesota, Inc.Wholesale Trade1100%0%
Lightwave Photonics, Inc.Manufacturing1100%0%
Greater Twin Cities United WayOther Services (except Public Administration)1100%0%
Metro Social Service, Inc.Health Care and Social Assistance10%100%
Meribel Enterprises D B a Atla, LLCManufacturing1100%0%
Mereen-Johnson, LLCManufacturing1100%0%
Hamre Schumann Mueller Larson, PCProfessional, Scientific, and Technical Services1100%0%
Merchant & Gould, P. C.Professional, Scientific, and Technical Services1100%0%
Media Bridge, Inc.Professional, Scientific, and Technical Services1100%0%
Haworth Marketing and Media CompanProfessional, Scientific, and Technical Services1100%0%
Hennepin Partners, LLCFinance and Insurance1100%0%
Locus Architecture, Ltd.Professional, Scientific, and Technical Services1100%0%
Livefront, LLCProfessional, Scientific, and Technical Services1100%0%
Link Snacks, Inc.Manufacturing1100%0%
Lincoln International High SchoolEducational Services1100%0%
Regulatory Technology ServicesProfessional, Scientific, and Technical Services1100%0%
Regis CorporationOther Services (except Public Administration)1100%0%
Duos Living, Inc.Health Care and Social Assistance1100%0%
Dwyer OglesbayProfessional, Scientific, and Technical Services1100%0%
RBC Bank Georgia National AssociatFinance and Insurance1100%0%
RBC Bank Georgia, NAFinance and Insurance1100%0%
Rank Crankers D B a Voro, LLCProfessional, Scientific, and Technical Services1100%0%
Prudent Accountants, Inc.Professional, Scientific, and Technical Services1100%0%
Hiawatha Leadership AcademyEducational Services1100%0%
Proterra Investment Partners LPFinance and Insurance1100%0%
Portkey Seo Solutions, LLC.Professional, Scientific, and Technical Services1100%0%
Enable Data IncorporatedProfessional, Scientific, and Technical Services1100%0%
Pioneer Project Services, LLCProfessional, Scientific, and Technical Services1100%0%
Encompass Education Solutions, Inc.Professional, Scientific, and Technical Services1100%0%
Esse Law, PLLCProfessional, Scientific, and Technical Services10%100%
PFM Asset Management, LLCFinance and Insurance1100%0%
Perforce Software See Addendum, Inc.Professional, Scientific, and Technical Services1100%0%
Perforce Software, Inc.Professional, Scientific, and Technical Services1100%0%
Pep Health, Inc.Professional, Scientific, and Technical Services1100%0%
Fairview Health ServicesHealth Care and Social Assistance1100%0%
Fallon Group, Inc.Professional, Scientific, and Technical Services1100%0%
Kanji and Savtri D B a Almond, Inc.Health Care and Social Assistance1100%0%
Outsell CorporationProfessional, Scientific, and Technical Services1100%0%
Field Nation, LLCProfessional, Scientific, and Technical Services1100%0%
Optimine Software, Inc.Wholesale Trade1100%0%
Ocotillo Technology Consulting, Inc.Professional, Scientific, and Technical Services1100%0%
First Manhattan Consulting Group LProfessional, Scientific, and Technical Services1100%0%

ORGANIZATIONS IN THIS STORY

!RECEIVE ALERTS

The next time we write about any of these orgs, we’ll email you a link to the story. You may edit your settings or unsubscribe at any time.
Sign-up

DONATE

Help support the Metric Media Foundation's mission to restore community based news.
Donate

MORE NEWS