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Saturday, March 1, 2025

H-1B Insights: Employers classified under Finance and Insurance industry file 87 petitions in St. Pete Standard 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/

Employers classified under the Finance and Insurance industry based within the St. Pete Standard publication area, submitted 87 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, 86 were approved (98.9%), while one was denied (1.1%).

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 St. Pete Standard publication area submitted 269 petitions during the same period, achieving an approval rate of 92.6%.

The Professional, Scientific, and Technical Services industry led the H-1B filings in the St. Pete Standard publication area during 2024, with 115 petitions (42.8% of all submissions), and an approval rate of 86.1%. Meanwhile, the Finance and Insurance industry was the second largest contributor, filing 87 petitions (32.3% of the total), with an approval rate of 98.9%.

The St. Pete Standard publication area employers with the most petitions categorized under the Finance and Insurance sector during 2024 included Raymond James and Associates, Inc., which filed 44 petitions with an approval rate of 97.7%, Raymond James and Associates, Inc. with 24 petitions and an approval rate of 100%, and Raymond James & Associates, Inc., which filed five petitions with an approval rate of 100%.

Compared to 2023, the Finance and Insurance sector in the St. Pete Standard publication area saw a 1.2% 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 St. Pete Standard Publication Area, 2024
RankIndustryTotal Petitions% of All Submissions% Approved% Denied
1Professional, Scientific, and Technical Services11542.8%86.1%13.9%
2Finance and Insurance8732.3%98.9%1.1%
3Manufacturing4115.2%97.6%2.4%
4Health Care and Social Assistance51.9%100%0%
4Transportation and Warehousing51.9%80%20%
6Accommodation and Food Services20.7%100%0%
6Information20.7%50%50%
8Educational Services10.4%100%0%
8Public Administration10.4%100%0%
8Wholesale Trade10.4%100%0%
8Retail Trade10.4%100%0%
8Real Estate and Rental and Leasing10.4%100%0%
8Construction10.4%100%0%
8Arts, Entertainment, and Recreation10.4%100%0%
8Other Services (except Public Administration)10.4%100%0%
Employer H-1B Petitions in the St. Pete Standard Publication Area During 2024
Company NameIndustryTotal Petitions% Approved% Denied
Raymond James and Associates, Inc.Finance and Insurance7098.6%1.4%
Intellativ, Inc.Professional, Scientific, and Technical Services38100%0%
Jabil, Inc.Manufacturing2796.3%3.7%
New Edge Technology PVT, Ltd.Professional, Scientific, and Technical Services160%100%
Altairtek, LLCProfessional, Scientific, and Technical Services11100%0%
S S White Technologies, Inc.Manufacturing8100%0%
Teqnodots It Solutions, Inc.Professional, Scientific, and Technical Services8100%0%
Decipher Software Solutions, LLCProfessional, Scientific, and Technical Services8100%0%
Raymond James & Associates, Inc.Finance and Insurance6100%0%
Catalina Marketing CorporationProfessional, Scientific, and Technical Services4100%0%
Catalina Marketing Technology Solutions, Inc.Professional, Scientific, and Technical Services4100%0%
Pods Enterprise, LLCTransportation and Warehousing4100%0%
PSCUProfessional, Scientific, and Technical Services4100%0%
Johns Hopkins All Childrens HospitHealth Care and Social Assistance3100%0%
Wdmarketdesk, LLCProfessional, Scientific, and Technical Services2100%0%
Hill Top Research, Inc.Professional, Scientific, and Technical Services2100%0%
ARK Investment Management, LLCFinance and Insurance2100%0%
Millimeter Wave Products, Inc.Manufacturing2100%0%
Vault Risk Management Services, LLCFinance and Insurance2100%0%
Enstar US, Inc.Finance and Insurance2100%0%
Skaya, Inc.Professional, Scientific, and Technical Services2100%0%
Binary Byte Technologies, Inc.Professional, Scientific, and Technical Services2100%0%
Vali, LLCProfessional, Scientific, and Technical Services2100%0%
Commercial Insurance Net, LLCFinance and Insurance2100%0%
Society of St. Vincent DE Paul South Pinellas, Inc.Health Care and Social Assistance1100%0%
SBF, LLCProfessional, Scientific, and Technical Services1100%0%
Rob Graham Enterprises, LLCFinance and Insurance1100%0%
Advanced Training Systems, LLCManufacturing1100%0%
Speechify, Inc.Information10%100%
Sripen, LLCProfessional, Scientific, and Technical Services1100%0%
Sterrofox, Inc.1100%0%
Tampa Bay Rays Baseball, Ltd.Arts, Entertainment, and Recreation1100%0%
Tinky, Inc.Professional, Scientific, and Technical Services1100%0%
TJZ Holdings, LLCAccommodation and Food Services1100%0%
Transact Payment Systems, Inc.Professional, Scientific, and Technical Services1100%0%
Trusted Resource Underwriters, LLCFinance and Insurance1100%0%
UCG Underground Supplies, LLCOther Services (except Public Administration)1100%0%
Wannemacher Jensen Architects, Inc.Professional, Scientific, and Technical Services1100%0%
Xonar Technology, Inc.1100%0%
Agora Sales, Inc.Professional, Scientific, and Technical Services1100%0%
Bankers Insurance CompanyFinance and Insurance1100%0%
Better Technologies D B a Gelt, Inc.Professional, Scientific, and Technical Services1100%0%
Calibi Consulting, LLCProfessional, Scientific, and Technical Services1100%0%
Cognitive Research CorporationProfessional, Scientific, and Technical Services1100%0%
Dynasty Financial Partners, LLCProfessional, Scientific, and Technical Services1100%0%
Eagle Asset Management, Inc.Finance and Insurance1100%0%
Eckerd CollegeEducational Services1100%0%
FL Fish and Wildlife ConservationPublic Administration1100%0%
GA Food Services of Pinellas County, LLCAccommodation and Food Services1100%0%
GCP Global Clinical ProfessionalsProfessional, Scientific, and Technical Services1100%0%
Halkey Roberts CorporationManufacturing1100%0%
Helixbeat, LLCProfessional, Scientific, and Technical Services1100%0%
Kemco Systems Company, LLCManufacturing1100%0%
Lantmannen Unibake USA, Inc.Wholesale Trade1100%0%
Life Spectacular, Inc.Retail Trade1100%0%
Luminosity, Inc.Professional, Scientific, and Technical Services1100%0%
Mariano D Cibran Corporation, M.D.Health Care and Social Assistance1100%0%
New Nauticals Coatings, Inc.Manufacturing1100%0%
Oasis Corporate Housing, Inc.Real Estate and Rental and Leasing1100%0%
Pico Portal, Inc.Information1100%0%
Pods Enterprises, LLCTransportation and Warehousing10%100%
Power Design, Inc.Construction1100%0%

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