Quantcast

South Raleigh News

Monday, March 10, 2025

Finance and Insurance industry employers submit 91 H-1B petitions across South Raleigh News publication area in 2024

Webp 1ip5r3goxbp5hwte5zm2b9odgtbu

Jennifer B. Higgins, Deputy Director, U.S. Citizenship and Immigration Services | https://medium.com/the-u-s-digital-service/meet-the-dhs-digital-service-champions-may-2018-caee7dade2b

Jennifer B. Higgins, Deputy Director, U.S. Citizenship and Immigration Services | https://medium.com/the-u-s-digital-service/meet-the-dhs-digital-service-champions-may-2018-caee7dade2b

Employers classified under the Finance and Insurance industry based within the South Raleigh News publication area, submitted 91 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, 89 were approved (97.8%), while two were denied (2.2%).

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 South Raleigh News publication area submitted 619 petitions during the same period, achieving an approval rate of 98.7%.

The Professional, Scientific, and Technical Services industry led the H-1B filings in the South Raleigh News publication area during 2024, with 286 petitions (46.2% of all submissions), and an approval rate of 97.9%. Meanwhile, the Educational Services industry was the second largest contributor, filing 137 petitions (22.1% of the total), with an approval rate of 100%.

Among local employers with petitions categorized under the Finance and Insurance sector during 2024, First Citizens Bank and Trust Company stood out with 84 petitions and an approval rate of 98.8%, followed by Capfinancial Partners, LLC with three petitions and an approval rate of 66.7%.

Compared to 2023, the Finance and Insurance sector in the South Raleigh News publication area saw a 63% 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 South Raleigh News Publication Area, 2024
RankIndustryTotal Petitions% of All Submissions% Approved% Denied
1Professional, Scientific, and Technical Services28646.2%97.9%2.1%
2Educational Services13722.1%100%0%
3Finance and Insurance9114.7%97.8%2.2%
4Utilities457.3%100%0%
5Information182.9%100%0%
6Manufacturing152.4%100%0%
7Retail Trade71.1%100%0%
8Health Care and Social Assistance61%100%0%
9Wholesale Trade40.6%100%0%
10Construction30.5%100%0%
11Arts, Entertainment, and Recreation10.2%100%0%
11Administrative and Support and Waste Management and Remediation Services10.2%100%0%
Employer H-1B Petitions in the South Raleigh News Publication Area During 2024
Company NameIndustriesTotal Petitions% Approved% Denied
NC State UniversityEducational Services136100%0%
Red Hat, Inc.Professional, Scientific, and Technical Services12998.4%1.6%
First Citizens Bank and Trust CompanyFinance and Insurance8898.9%1.1%
Hitachi Energy USA, Inc.Utilities45100%0%
Promantus, Inc.Professional, Scientific, and Technical Services1788.2%11.8%
Vankay Systems, Inc.Professional, Scientific, and Technical Services1392.3%7.7%
Quanta Technology, LLCProfessional, Scientific, and Technical Services12100%0%
Zelecloud, LLCProfessional, Scientific, and Technical Services10100%0%
Vaarida Technologies, LLCProfessional, Scientific, and Technical Services10100%0%
Veradigm, LLCProfessional, Scientific, and Technical Services8100%0%
Altera Digital Health, Inc.Professional, Scientific, and Technical Services7100%0%
Evalueserve, Inc.Professional, Scientific, and Technical Services6100%0%
Martin Marietta Materials, Inc.Construction, Manufacturing6100%0%
Bandwidth, Inc.Information6100%0%
Smarttrak, LLCProfessional, Scientific, and Technical Services5100%0%
Blue Acorn Ici, Inc.Professional, Scientific, and Technical Services5100%0%
Learning Technologies Group, Inc.Information5100%0%
Kimley-Horn and Associates, Inc.Professional, Scientific, and Technical Services5100%0%
Advance Auto Business Support, LLCRetail Trade5100%0%
Propharma Group Holdings, LLCInformation, Professional, Scientific, and Technical Services4100%0%
Spectraforce Technologies, Inc.Professional, Scientific, and Technical Services4100%0%
Vitalsource Technologies, LLCWholesale Trade4100%0%
Xove Consulting Services CorporationProfessional, Scientific, and Technical Services4100%0%
4sphere Software Solutions, LLCProfessional, Scientific, and Technical Services4100%0%
Bridgera, LLCProfessional, Scientific, and Technical Services3100%0%
Capfinancial Partners, LLCFinance and Insurance366.7%33.3%
Prometheus Group Enterprises, LLCProfessional, Scientific, and Technical Services3100%0%
Totvs, Inc.Professional, Scientific, and Technical Services2100%0%
Nupulsecv, Inc.Manufacturing2100%0%
TSG Consulting, LLC.Professional, Scientific, and Technical Services2100%0%
Urjha Questech, Inc.Professional, Scientific, and Technical Services250%50%
Utopia Global, Inc.Professional, Scientific, and Technical Services2100%0%
Lumeova, Inc.Manufacturing2100%0%
Veranex, Inc.Professional, Scientific, and Technical Services2100%0%
Advance Stores Company IncorporateRetail Trade2100%0%
Hobgood Architects PAProfessional, Scientific, and Technical Services2100%0%
Vtechinfo, Inc.Professional, Scientific, and Technical Services2100%0%
DR Oler Associates PLLC, D.D.S.Health Care and Social Assistance1100%0%
15five, Inc.Professional, Scientific, and Technical Services1100%0%
Smith, Anderson, Blount, Dorsett, Mitchell & Jemigan, LLPProfessional, Scientific, and Technical Services1100%0%
SMRT Systems, Inc.Information1100%0%
Beary Fluid Control and Equipment, Inc.Manufacturing1100%0%
Wyrick Robbins Yates & Ponton, LLPProfessional, Scientific, and Technical Services1100%0%
Steelfab of Virginia, Inc.Manufacturing1100%0%
Strong Rock Engineering Group, PLLCProfessional, Scientific, and Technical Services1100%0%
WakemedHealth Care and Social Assistance1100%0%
The John R Mcadams Company IncorporatedProfessional, Scientific, and Technical Services1100%0%
The Raleigh Racquet ClubArts, Entertainment, and Recreation1100%0%
Triangle Healthcare Consulting ServicesAdministrative and Support and Waste Management and Remediation Services1100%0%
Triangle Microworks, Inc.Information1100%0%
Trinity Frozen Foods, LLCManufacturing1100%0%
Tryon Solutions, Inc.Professional, Scientific, and Technical Services1100%0%
Vontier Employment Services, LLCManufacturing1100%0%
US Composting CouncilProfessional, Scientific, and Technical Services1100%0%
Virtue Labs, LLCManufacturing1100%0%
B Patt, LLCProfessional, Scientific, and Technical Services1100%0%
AJK Technician Insights, LLCProfessional, Scientific, and Technical Services1100%0%
Vera Healthcare, Inc.Professional, Scientific, and Technical Services1100%0%
Ajinomoto Health Nutrition North America, Inc.Professional, Scientific, and Technical Services1100%0%
Falls Lake Insurance Management Company, Inc.Finance and Insurance1100%0%
Digital Ai Software, Inc.Professional, Scientific, and Technical Services1100%0%
Globalxperts, Inc.Professional, Scientific, and Technical Services1100%0%
Crmnext, Inc.Finance and Insurance1100%0%
Innovative Trials, Inc.Professional, Scientific, and Technical Services1100%0%
Intelerad Holdings USA, Ltd.Professional, Scientific, and Technical Services1100%0%
International Clinic of the Carolinas, PLLCHealth Care and Social Assistance1100%0%
Kaleido, Inc.Information1100%0%
Cooper Tacia General Contracting CConstruction1100%0%
Lane Dental Opco, Inc.Health Care and Social Assistance1100%0%
Learning Technologies AcquisitionInformation1100%0%
Community Care of North Carolina IHealth Care and Social Assistance1100%0%
CM Red, LLCConstruction1100%0%
Mckim and Creed, Inc.Professional, Scientific, and Technical Services1100%0%
Mecha, Inc.Manufacturing1100%0%
Native Resource Group, Inc.Professional, Scientific, and Technical Services1100%0%
Cloudhub9 Technologies, LLCProfessional, Scientific, and Technical Services1100%0%
Novaquest Capital Management, LLCFinance and Insurance1100%0%
Oncurie, Inc.Professional, Scientific, and Technical Services1100%0%
Pave Southeast Raleigh Charter SchoolEducational Services1100%0%
Planet Pharma Group, LLCProfessional, Scientific, and Technical Services1100%0%
Powern, Inc.Professional, Scientific, and Technical Services1100%0%
Cherry Bekaert Advisory, LLCProfessional, Scientific, and Technical Services1100%0%
Cardiff Technologies, LLCProfessional, Scientific, and Technical Services1100%0%
Pryon, Inc.Information1100%0%
Quarks Technosoft, LLCProfessional, Scientific, and Technical Services1100%0%
Raleigh Eye CenterHealth Care and Social Assistance1100%0%
Raptor Consultants Group, Inc.Professional, Scientific, and Technical Services1100%0%
Cambridge Design Partnership, Inc.1100%0%
Relx D B a Lexisnexis USA, Inc.Information1100%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