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Thursday, February 20, 2025

Portland Courant 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/

Employers classified under the Finance and Insurance industry based within the Portland Courant publication area, submitted 20 H-1B petitions during 2024, according to data provided by the U.S. Citizenship and Immigration Services via the H-1B Employer Data Hub. All of these petitions were approved.

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 Portland Courant publication area submitted 345 petitions during the same period, achieving an approval rate of 97.7%.

The Educational Services industry led the H-1B filings in the Portland Courant publication area during 2024, with 112 petitions (32.5% of all submissions), and an approval rate of 98.2%. Meanwhile, the Professional, Scientific, and Technical Services industry was the second largest contributor, filing 90 petitions (26.1% of the total), with an approval rate of 96.7%.

Among local employers with petitions categorized under the Finance and Insurance sector during 2024, Standard Insurance Company stood out with nine petitions and an approval rate of 100%, followed by Cambia Health Solutions, Inc. with eight petitions and an approval rate of 100%.

Compared to 2023, the Finance and Insurance sector in the Portland Courant publication area saw a 53.8% 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 Portland Courant Publication Area, 2024
RankIndustryTotal Petitions% of All Submissions% Approved% Denied
1Educational Services11232.5%98.2%1.8%
2Professional, Scientific, and Technical Services9026.1%96.7%3.3%
3Manufacturing4813.9%100%0%
4Utilities308.7%100%0%
5Finance and Insurance205.8%100%0%
6Health Care and Social Assistance113.2%100%0%
7Information92.6%88.9%11.1%
8Other Services (except Public Administration)82.3%100%0%
9Public Administration30.9%100%0%
9Transportation and Warehousing30.9%100%0%
11Construction20.6%100%0%
12Administrative and Support and Waste Management and Remediation Services10.3%100%0%
12Arts, Entertainment, and Recreation10.3%0%100%
12Wholesale Trade10.3%100%0%
Employer H-1B Petitions in the Portland Courant Publication Area During 2024
Company NameIndustryTotal Petitions% Approved% Denied
Oregon Health and Science UniversiEducational Services8998.9%1.1%
Daimler Truck North America, LLCManufacturing28100%0%
Portland General Electric CompanyUtilities15100%0%
Zimmer Gunsul Frasca Architects LLProfessional, Scientific, and Technical Services14100%0%
Oregon Health & Science UniversityEducational Services988.9%11.1%
Standard Insurance CompanyFinance and Insurance9100%0%
Portland State UniversityEducational Services9100%0%
Careoregon, Inc.Other Services (except Public Administration)8100%0%
Cambia Health Solutions, Inc.Finance and Insurance8100%0%
Datasenseit, LLCProfessional, Scientific, and Technical Services6100%0%
Adidas America, Inc.Manufacturing6100%0%
PacificorpUtilities5100%0%
Wieden and Kennedy, Inc.Professional, Scientific, and Technical Services580%20%
Kittelson and Associates, Inc.Professional, Scientific, and Technical Services5100%0%
David Evans and Associates, Inc.Professional, Scientific, and Technical Services4100%0%
Gridstor, LLCUtilities4100%0%
DKS Associates, Inc.Professional, Scientific, and Technical Services4100%0%
Smarsh, Inc.Information4100%0%
Vestas-American Wind Technology, Inc.Utilities4100%0%
American Chase, LLCProfessional, Scientific, and Technical Services4100%0%
Northwest Natural Gas CompanyUtilities3100%0%
Instrument, LLCProfessional, Scientific, and Technical Services3100%0%
Omnidata D B a Omnidata Insigh, Inc.Professional, Scientific, and Technical Services3100%0%
Galois, Inc.Professional, Scientific, and Technical Services3100%0%
Extendrum TechnologiesProfessional, Scientific, and Technical Services3100%0%
Zimmer Gunsul Frasca Architects, LLPProfessional, Scientific, and Technical Services3100%0%
Adidas International, Inc.Manufacturing3100%0%
Lightsource Consulting, Inc.Professional, Scientific, and Technical Services250%50%
Le Monde Immersion Operating as Le Monde French Immersion Public Charter SchoolEducational Services2100%0%
Klarquist Sparkman, LLPProfessional, Scientific, and Technical Services2100%0%
Kittelson & Associates, Inc.Professional, Scientific, and Technical Services2100%0%
Asian Health and Service CenterHealth Care and Social Assistance2100%0%
Northwest Permanente, PCHealth Care and Social Assistance2100%0%
Wacom Technology CorporationManufacturing2100%0%
Siltronic CorporationManufacturing1100%0%
Buchalter a Professional CorporatiProfessional, Scientific, and Technical Services1100%0%
Scott Edwards Architecture, LLPProfessional, Scientific, and Technical Services1100%0%
Schmitt Measurement Systems, Inc.Manufacturing1100%0%
Salem Home Care D B a Assured Home Health, LLCHealth Care and Social Assistance1100%0%
Beyond Pulse, LLCManufacturing1100%0%
Roots Dental LLC, GPHealth Care and Social Assistance1100%0%
Oregon International Air Freight CTransportation and Warehousing1100%0%
RLH Assets, LLCProfessional, Scientific, and Technical Services1100%0%
Oregon Tourism CommissionAdministrative and Support and Waste Management and Remediation Services1100%0%
QW Consulting, LLCProfessional, Scientific, and Technical Services1100%0%
Bahfed CorporationManufacturing1100%0%
Atlas Immersion Academy, Inc.Educational Services1100%0%
Portland Chinatown History FoundationArts, Entertainment, and Recreation10%100%
PBS Engineering and Environmental, Inc.Professional, Scientific, and Technical Services10%100%
Payrange, Inc.Finance and Insurance1100%0%
Alkali Partners, LLCFinance and Insurance1100%0%
Woven Technologies, Inc.Information1100%0%
Allied Works Architecture, Inc.Professional, Scientific, and Technical Services1100%0%
Westcrypto International, Corp.Information10%100%
Anchor Qea, LLCProfessional, Scientific, and Technical Services1100%0%
USZCN, LLCTransportation and Warehousing1100%0%
United Cpas and Company, LLCProfessional, Scientific, and Technical Services1100%0%
Twin River South, LLCWholesale Trade1100%0%
The Gunter Group, LLCProfessional, Scientific, and Technical Services10%100%
The Campbell Institute D B a Child1100%0%
Symma, LLCProfessional, Scientific, and Technical Services1100%0%
SVI America CorporationProfessional, Scientific, and Technical Services1100%0%
Sustainable NorthwestProfessional, Scientific, and Technical Services1100%0%
Stoel Rives, LLPProfessional, Scientific, and Technical Services1100%0%
State of Oregon Oregon Health AuthPublic Administration1100%0%
Apano Communities United FundPublic Administration1100%0%
Smith and Jones Innovation, LLCProfessional, Scientific, and Technical Services1100%0%
Asha Design, LLCProfessional, Scientific, and Technical Services1100%0%
Legacy Salmon Creek Medical CenterHealth Care and Social Assistance1100%0%
Legacy Clinics, LLCHealth Care and Social Assistance1100%0%
Lantern US, LLCProfessional, Scientific, and Technical Services1100%0%
Castle Rock Associates, Inc.Information1100%0%
Interface Engineering, Inc.Professional, Scientific, and Technical Services1100%0%
Cinco Design Office, Inc.Professional, Scientific, and Technical Services1100%0%
Inspec Facility Group, Inc.Construction1100%0%
Hilos, Inc.Manufacturing1100%0%
Hacker Architects, Inc.1100%0%
Conductorone, Inc.Information1100%0%
Graybox, LLCProfessional, Scientific, and Technical Services1100%0%
Corvel Healthcare CorporationProfessional, Scientific, and Technical Services1100%0%
Fortis Construction, Inc.Construction1100%0%
Exterro, Inc.Information1100%0%
D6, Inc.Manufacturing1100%0%
Economic Consultants Oregon D, Ltd.Professional, Scientific, and Technical Services1100%0%
Eclypsium, Inc.Information1100%0%
Direct Cargo Services, LLCTransportation and Warehousing1100%0%
Orca Security, Inc.Professional, Scientific, and Technical Services1100%0%
Opinionated, LLCProfessional, Scientific, and Technical Services1100%0%
Open Concept Architecture, Inc.Professional, Scientific, and Technical Services1100%0%
Opconnect, Inc.Manufacturing1100%0%
On, Inc.Manufacturing1100%0%
Omnidata InsightsProfessional, Scientific, and Technical Services1100%0%
Buchalter a Professional CorporationProfessional, Scientific, and Technical Services1100%0%
Northwest Renal Clinic, Inc.Health Care and Social Assistance1100%0%
Cascadia HealthHealth Care and Social Assistance1100%0%
NMQ Digital US, Inc.Professional, Scientific, and Technical Services1100%0%
NM Bodecker Creative FoundationEducational Services1100%0%
New Buildings InstituteProfessional, Scientific, and Technical Services1100%0%
Multnomah CountyPublic Administration1100%0%
Morrison Child and Family ServicesHealth Care and Social Assistance1100%0%
Moltnomah County School District 1JEducational Services1100%0%
Moda Health Plan, Inc.Finance and Insurance1100%0%
Manufacturing Management, Inc.Manufacturing1100%0%
Legitscript, LLCProfessional, Scientific, and Technical Services1100%0%

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