Quantcast

West NY News

Monday, March 3, 2025

H-1B Insights: Employers classified under Finance and Insurance industry file 3 petitions in West NY News publication area throughout 2024

Webp 9kee6dxqpym08rad8dk7jkffr9it

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 West NY News publication area, submitted three 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 West NY News publication area submitted 45 petitions during the same period, achieving an approval rate of 97.8%.

The Educational Services industry led the H-1B filings in the West NY News publication area during 2024, with 15 petitions (33.3% of all submissions), and an approval rate of 93.3%. Meanwhile, the Health Care and Social Assistance industry was the second largest contributor, filing 13 petitions (28.9% of the total), with an approval rate of 100%.

Among local employers with petitions categorized under the Finance and Insurance sector during 2024, Manning and Napier Advisors, LLC stood out with two petitions and an approval rate of 100%, followed by O Asset Management, LLC with one petition and an approval rate of 100%.

Compared to 2023, the Finance and Insurance sector in the West NY 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 West NY News Publication Area, 2024
RankIndustryTotal Petitions% of All Submissions% Approved% Denied
1Educational Services1533.3%93.3%6.7%
2Health Care and Social Assistance1328.9%100%0%
3Manufacturing920%100%0%
4Professional, Scientific, and Technical Services48.9%100%0%
5Finance and Insurance36.7%100%0%
Employer H-1B Petitions in the West NY News Publication Area During 2024
Company NameIndustryTotal Petitions% Approved% Denied
Alfred UniversityEducational Services6100%0%
Calvary Design Team D B a Calv, Inc.Manufacturing4100%0%
The Memorial Hospital of William FHealth Care and Social Assistance4100%0%
St. Bonaventure UniversityEducational Services4100%0%
Enterprise Solutions Consulting LLProfessional, Scientific, and Technical Services3100%0%
Southern Tier Community Health CenHealth Care and Social Assistance3100%0%
Houghton UniversityEducational Services2100%0%
Jamestown Advanced Products, Corp.Manufacturing2100%0%
Manning and Napier Advisors, LLCFinance and Insurance2100%0%
State University of New York at BuEducational Services250%50%
Olean General HospitalHealth Care and Social Assistance2100%0%
Olean Medical Practice, PLLCHealth Care and Social Assistance2100%0%
Wyoming County NYHealth Care and Social Assistance1100%0%
Trib Biosensors, Inc.Manufacturing1100%0%
The Chautauqua CenterHealth Care and Social Assistance1100%0%
Qualitrol Company, LLCManufacturing1100%0%
O Asset Management, LLCFinance and Insurance1100%0%
Letchworth Central School DistrictEducational Services1100%0%
Eoptic, Inc.Professional, Scientific, and Technical Services1100%0%
CCE Software, Inc.Professional, Scientific, and Technical Services1100%0%
Calvary Design Team, Inc.Manufacturing1100%0%

MORE NEWS