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Oakland City Wire

Thursday, February 13, 2025

Oakland City Wire 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 Oakland City Wire publication area, submitted 199 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, 198 were approved (99.5%), while one was 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 Oakland City Wire publication area submitted 1,195 petitions during the same period, achieving an approval rate of 98.7%.

The Information industry led the H-1B filings in the Oakland City Wire publication area during 2024, with 297 petitions (24.9% of all submissions), and an approval rate of 98.7%. Meanwhile, the Professional, Scientific, and Technical Services industry was the second largest contributor, filing 274 petitions (22.9% of the total), with an approval rate of 97.4%.

The Oakland City Wire publication area employers with the most petitions categorized under the Finance and Insurance sector during 2024 included Coinbase, Inc., which filed 75 petitions with an approval rate of 100%, Marqeta, Inc. with 67 petitions and an approval rate of 100%, and Afterpay US, Inc., which filed 26 petitions with an approval rate of 100%.

Compared to 2023, the Finance and Insurance sector in the Oakland City Wire publication area saw a 79.3% 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 Oakland City Wire Publication Area, 2024
RankIndustryTotal Petitions% of All Submissions% Approved% Denied
1Information29724.9%98.7%1.3%
2Professional, Scientific, and Technical Services27422.9%97.4%2.6%
3Educational Services21618.1%99.1%0.9%
4Finance and Insurance19916.7%99.5%0.5%
5Manufacturing726%98.6%1.4%
6Health Care and Social Assistance544.5%100%0%
7Utilities242%100%0%
8Construction100.8%100%0%
9Wholesale Trade80.7%100%0%
9Retail Trade80.7%100%0%
11Other Services (except Public Administration)70.6%100%0%
11Transportation and Warehousing70.6%100%0%
13Arts, Entertainment, and Recreation40.3%100%0%
14Real Estate and Rental and Leasing20.2%100%0%
15Public Administration10.1%100%0%
15Management of Companies and Enterprises10.1%100%0%
Employer H-1B Petitions in the Oakland City Wire Publication Area During 2024
Company NameIndustriesTotal Petitions% Approved% Denied
Block, Inc.Information23598.3%1.7%
University of California BerkeleyEducational Services17099.4%0.6%
Credit Karma, LLCProfessional, Scientific, and Technical Services12599.2%0.8%
Coinbase, Inc.Finance and Insurance75100%0%
Marqeta, Inc.Finance and Insurance67100%0%
Afterpay US, Inc.Finance and Insurance26100%0%
Pacific Gas and Electric CompanyUtilities24100%0%
Yu Ming Charter SchoolEducational Services14100%0%
Typical Set, LLCFinance and Insurance, Professional, Scientific, and Technical Services1485.7%14.3%
Cep America-CaliforniaHealth Care and Social Assistance13100%0%
The Permanente Medical Group, Inc.Health Care and Social Assistance11100%0%
Everlaw, Inc.Information11100%0%
Cuberg, Inc.Manufacturing11100%0%
Osisoft, LLCInformation10100%0%
Oakland Unified School DistrictEducational Services9100%0%
Fivetran, Inc.Information8100%0%
The Clorox Services CompanyManufacturing8100%0%
Education for ChangeEducational Services8100%0%
Berkeley Research Group, LLCProfessional, Scientific, and Technical Services7100%0%
Matson Navigation CompanyTransportation and Warehousing6100%0%
Promaxo, Inc.Manufacturing6100%0%
Amyris, Inc.Professional, Scientific, and Technical Services6100%0%
Lighthouse Community Public SchoolsEducational Services580%20%
Covariant, Inc.Professional, Scientific, and Technical Services5100%0%
Bruker Cellular Analysis, Inc.Manufacturing, Professional, Scientific, and Technical Services5100%0%
Relationalai, Inc.Information5100%0%
Cep America Illinois Hospitalists, LLPHealth Care and Social Assistance4100%0%
Lilac Solutions, Inc.Professional, Scientific, and Technical Services475%25%
Grocery Outlet, Inc.Retail Trade4100%0%
Harris California, Inc.Construction4100%0%
Locally Compact, Inc.Finance and Insurance4100%0%
Mettler-Toledo Rainin, LLCManufacturing4100%0%
Vituity Indiana, LLCHealth Care and Social Assistance4100%0%
Vituity - Michigan D B a Vitu, PLLCHealth Care and Social Assistance4100%0%
Voleon Capital Management LPFinance and Insurance3100%0%
Annona, LLCProfessional, Scientific, and Technical Services366.7%33.3%
Malibu Entertainment US, Inc.Arts, Entertainment, and Recreation3100%0%
New Culture, Inc.Manufacturing3100%0%
Eko Health, Inc.Manufacturing366.7%33.3%
Vituity - South Carolina, LLCHealth Care and Social Assistance3100%0%
LaunchdarklyInformation3100%0%
The Clorox CompanyManufacturing3100%0%
ASK Media Group, LLCInformation3100%0%
Thredup, Inc.Retail Trade3100%0%
JMA Civil, Inc.Professional, Scientific, and Technical Services3100%0%
Carbon Health Technologies, Inc.Health Care and Social Assistance3100%0%
Metagenomi, Inc.Professional, Scientific, and Technical Services3100%0%
Freewire Technologies, Inc.Manufacturing3100%0%
Toric Labs, Inc.Professional, Scientific, and Technical Services3100%0%
Turnitin, LLCProfessional, Scientific, and Technical Services3100%0%
4D Molecular Therapeutics, Inc.Professional, Scientific, and Technical Services3100%0%
Vector Flow, Inc.Information3100%0%
Best Bay Apartments, Inc.Real Estate and Rental and Leasing2100%0%
Dittolive, Inc.Information2100%0%
Premier Nutrition Company, LLCManufacturing2100%0%
Stimscience, Inc.Manufacturing2100%0%
Omni Consulting Services, LLCProfessional, Scientific, and Technical Services2100%0%
E L F Cosmetics, Inc.Retail Trade2100%0%
Recurrency, Inc.Professional, Scientific, and Technical Services2100%0%
Square Financial Services, Inc.Finance and Insurance2100%0%
Nexusflow Ai, Inc.Information2100%0%
Workers Compensation Insurance RatFinance and Insurance2100%0%
Quincy Data, LLCManufacturing2100%0%
Solar Mosiac, LLCFinance and Insurance2100%0%
Pyatok Architects, Inc.Professional, Scientific, and Technical Services2100%0%
Energy Recovery, Inc.Manufacturing2100%0%
Smart-Tecs, LLCProfessional, Scientific, and Technical Services2100%0%
Advanced Software Design, Inc.Professional, Scientific, and Technical Services2100%0%
Octant, Inc.Professional, Scientific, and Technical Services2100%0%
NMI Holdings, Inc.Finance and Insurance2100%0%
Francophone Charter School of OaklandEducational Services2100%0%
Badawi and AssociatesProfessional, Scientific, and Technical Services2100%0%
Bluespace Ai, Inc.Professional, Scientific, and Technical Services2100%0%
B and C Transit, Inc.Professional, Scientific, and Technical Services2100%0%
Otis Mcallister, Inc.Wholesale Trade2100%0%
Canventa Life Sciences, Inc.Manufacturing, Professional, Scientific, and Technical Services2100%0%
Medamerica, Inc.Health Care and Social Assistance2100%0%
The Ratcliff ArchitectsProfessional, Scientific, and Technical Services2100%0%
Asian Health ServicesHealth Care and Social Assistance2100%0%
The Clear FundProfessional, Scientific, and Technical Services2100%0%
Ariat International, Inc.Wholesale Trade2100%0%
The Allen Group, LLCProfessional, Scientific, and Technical Services2100%0%
Anvil Builders, Inc.Construction, Professional, Scientific, and Technical Services2100%0%
Petit Pot, Inc.Manufacturing2100%0%
Superbio Ai, Inc.Professional, Scientific, and Technical Services2100%0%
Coreshell TechnologiesProfessional, Scientific, and Technical Services2100%0%
Omniab, Inc.Professional, Scientific, and Technical Services2100%0%
PIXARInformation2100%0%
Tanium, Inc.Information2100%0%
Andrew M Jordan, Inc.Professional, Scientific, and Technical Services2100%0%
Curacubby, Inc.Health Care and Social Assistance2100%0%
R2 Building, LLCConstruction1100%0%
Primergy Solar Management, LLCUtilities1100%0%
Oasis Legal ServicesProfessional, Scientific, and Technical Services1100%0%
Qubiqle, Inc.Information1100%0%
Pyka, Inc.Manufacturing1100%0%
Pielabs, Inc.Professional, Scientific, and Technical Services1100%0%
PSE Healthy EnergyProfessional, Scientific, and Technical Services1100%0%
Pacific Trenchless, Inc.Construction1100%0%
Paramount Export CompanyWholesale Trade1100%0%
Peralta Community College DistrictEducational Services1100%0%
Prolific Machines, Inc.Professional, Scientific, and Technical Services1100%0%
Project M Ventures, LLCFinance and Insurance1100%0%
Profusa, Inc.Professional, Scientific, and Technical Services1100%0%
Principle Power, Inc.Professional, Scientific, and Technical Services1100%0%
Terabase Energy, Inc.Professional, Scientific, and Technical Services1100%0%
Terraphase Engineering, Inc.Professional, Scientific, and Technical Services1100%0%
The Breakthrough InstituteOther Services (except Public Administration)1100%0%
The West Oakland Healthcare Counci1100%0%
Thrive AL Health, Inc.Information1100%0%
Tightrope Interactive, Inc.Professional, Scientific, and Technical Services1100%0%
Type Five, Inc.Professional, Scientific, and Technical Services1100%0%
Unspun PBCManufacturing1100%0%
Urban Montessori Charter SchoolEducational Services1100%0%
Utility Reform NetworkOther Services (except Public Administration)1100%0%
Vega Economic ConsultingProfessional, Scientific, and Technical Services1100%0%
Vigilent CorporationManufacturing1100%0%
Vituity-New York Medical Group, PLLHealth Care and Social Assistance1100%0%
Ware Associates, Inc.Professional, Scientific, and Technical Services1100%0%
Watttime CorporationProfessional, Scientific, and Technical Services1100%0%
White House Energy, Inc.Construction1100%0%
Wilderness TorahOther Services (except Public Administration)1100%0%
William Choi D M D, Inc.Health Care and Social Assistance1100%0%
Wine Com, LLCWholesale Trade1100%0%
Zymochem, Inc.Professional, Scientific, and Technical Services10%100%
Redwood Research Group, Inc.Professional, Scientific, and Technical Services1100%0%
Renew Financial Group, LLCFinance and Insurance1100%0%
Renew Life Formulas, LLCManagement of Companies and Enterprises1100%0%
Rockbot, Inc.Information1100%0%
Rockseven, Inc.Arts, Entertainment, and Recreation1100%0%
Roofstock, Inc.Finance and Insurance1100%0%
Root Applied Sciences, Inc.Professional, Scientific, and Technical Services1100%0%
Scientific Certification Systems IProfessional, Scientific, and Technical Services1100%0%
Shelton Ai, Inc.Information1100%0%
Sirenopt, Inc.Professional, Scientific, and Technical Services1100%0%
Slingshot Biosciences, Inc.Professional, Scientific, and Technical Services1100%0%
Solidaridad North AmericaOther Services (except Public Administration)1100%0%
Sown to Grow, Inc.Educational Services1100%0%
Stackshare, Inc.Information1100%0%
Studio T-Sq, Inc.Professional, Scientific, and Technical Services1100%0%
Suitx Formerly US Bionics Inc., Inc.Professional, Scientific, and Technical Services1100%0%
Swatt and PartnersProfessional, Scientific, and Technical Services1100%0%
Synereo, Inc.Information1100%0%
Taskrabbit, Inc.Information1100%0%
Teleme Trak, Inc.Manufacturing1100%0%
2 FB, Inc.Finance and Insurance1100%0%
Canopy Connect, Inc.Professional, Scientific, and Technical Services1100%0%
Cash APP Taxes, Inc.Information1100%0%
Cass NV, LLCManufacturing1100%0%
Celery Design CollaborativeProfessional, Scientific, and Technical Services1100%0%
Cella Farms, Inc.Manufacturing1100%0%
Center for Applied Rationality CFAProfessional, Scientific, and Technical Services1100%0%
Center for Empowering Refugees andOther Services (except Public Administration)1100%0%
Centro Community PartnersEducational Services1100%0%
Cep America CaliforniaHealth Care and Social Assistance1100%0%
Cep America Illinois Intensivists, LLPHealth Care and Social Assistance1100%0%
Cep America-Illinois, LLPHealth Care and Social Assistance1100%0%
Cep America-Oregon, LLPHealth Care and Social Assistance1100%0%
Ceres Imaging, Inc.Professional, Scientific, and Technical Services1100%0%
Collab CA, LLCFinance and Insurance1100%0%
Credence ID, LLCManufacturing1100%0%
Cyber Advanced Technology, Inc.10%100%
Darcoid Company of CA a, Corp.Manufacturing1100%0%
Demox Labs, Inc.Professional, Scientific, and Technical Services1100%0%
Design Draw Build, Inc.Professional, Scientific, and Technical Services1100%0%
Development Cubed Software, Inc.Professional, Scientific, and Technical Services1100%0%
Diversity in Health Training InstituteOther Services (except Public Administration)1100%0%
Double V IndustriesManufacturing1100%0%
Dragonfly Digital Management, LLCFinance and Insurance1100%0%
3frames Software Services, Corp.Professional, Scientific, and Technical Services1100%0%
Abalone Bio, Inc.Professional, Scientific, and Technical Services1100%0%
Acupuncture and Integrative MediciEducational Services1100%0%
AgrowthManufacturing1100%0%
Aiapply, LLCEducational Services1100%0%
Alameda Health SystemHealth Care and Social Assistance1100%0%
Alice Cabinetry, Inc.Wholesale Trade1100%0%
Allakos, Inc.Professional, Scientific, and Technical Services1100%0%
Andrew C ChenProfessional, Scientific, and Technical Services1100%0%
Ansa Biotechnologies, Inc.Professional, Scientific, and Technical Services10%100%
Anyon Computing, Inc.Professional, Scientific, and Technical Services1100%0%
Apella Technology, Inc.Manufacturing1100%0%
Astera InstituteProfessional, Scientific, and Technical Services1100%0%
Attain Technologies, Inc.Professional, Scientific, and Technical Services1100%0%
Automat Solutions, Inc.Manufacturing1100%0%
Babeltime, Inc.Information1100%0%
Bay SKY Montessori, LLCEducational Services1100%0%
Beamlive, Inc.Information1100%0%
Blackbird Wines, Inc.Wholesale Trade1100%0%
Blockcast, Inc.Professional, Scientific, and Technical Services1100%0%
Brimstone Energy, Inc.Manufacturing1100%0%
Caldo Restaurant Technologies, Inc.Manufacturing1100%0%
Cana Technology, Inc.Professional, Scientific, and Technical Services1100%0%
International Computer Science InstituteProfessional, Scientific, and Technical Services1100%0%
J H Fitzmaurice, Inc.Construction1100%0%
Jitsu, Inc.Professional, Scientific, and Technical Services1100%0%
Just Cities, LLCPublic Administration1100%0%
KPW Structural Engineers, Inc.Professional, Scientific, and Technical Services1100%0%
Leadership Public SchoolsEducational Services1100%0%
Liftlab Analytics, Inc.Information1100%0%
Lilt, Inc.Professional, Scientific, and Technical Services1100%0%
Lincoln UniversityEducational Services1100%0%
Longshot Space Technologies CorporManufacturing1100%0%
Machine Intelligence Research INSTProfessional, Scientific, and Technical Services1100%0%
Marcon Builder, Inc.Professional, Scientific, and Technical Services1100%0%
Maxpower, LLCProfessional, Scientific, and Technical Services1100%0%
Medical Instrument Development LabManufacturing1100%0%
Mesh Design Build Studio, Inc.Professional, Scientific, and Technical Services1100%0%
Metagenomi CompanyProfessional, Scientific, and Technical Services1100%0%
Mighty Buildings, Inc.Construction1100%0%
Motimatic PBCProfessional, Scientific, and Technical Services1100%0%
Mowat Mackie and Anderson, LLPProfessional, Scientific, and Technical Services1100%0%
Multi Lingual Counseling Center, Inc.Health Care and Social Assistance1100%0%
Nia Impact Advisors, LLCFinance and Insurance1100%0%
Nutcracker Therapeutics, Inc.Professional, Scientific, and Technical Services1100%0%
Nxtplay, LLCProfessional, Scientific, and Technical Services1100%0%
Dura Chemicals, Inc.Manufacturing1100%0%
East Bay German International SchoEducational Services1100%0%
Einwiller Kuehl, Inc.Professional, Scientific, and Technical Services1100%0%
ELSProfessional, Scientific, and Technical Services1100%0%
EndrestudioOther Services (except Public Administration)1100%0%
EOA, Inc.Professional, Scientific, and Technical Services1100%0%
Escuela Bilingue InternacionalEducational Services1100%0%
Eureka Therapeutics, Inc.Professional, Scientific, and Technical Services1100%0%
Fiber Sense US, LLCProfessional, Scientific, and Technical Services1100%0%
Fireworks Ai, Inc.Information1100%0%
Flowgpt CompanyInformation1100%0%
G M Associates, Inc.Manufacturing1100%0%
Gantri, Inc.Professional, Scientific, and Technical Services1100%0%
GD America, Inc.Manufacturing1100%0%
Geltor, Inc.Professional, Scientific, and Technical Services1100%0%
Ghirardelli Associates, Inc.Professional, Scientific, and Technical Services10%100%
Gordon Rees Scully Mansukhani, LLPProfessional, Scientific, and Technical Services1100%0%
Greenoaks Capital Partners, LLCFinance and Insurance1100%0%
Gunkel Architecture, Inc.Professional, Scientific, and Technical Services1100%0%
Hibser Yamauchi Architects, Inc.Professional, Scientific, and Technical Services1100%0%
HWH Express, Inc.Transportation and Warehousing1100%0%
Iaterion, Inc.Professional, Scientific, and Technical Services1100%0%
Intertrust Technologies CorporatioProfessional, Scientific, and Technical Services1100%0%

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