Centennial State News

Employers classified under the Finance and Insurance industry based in Colorado submitted 160 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, 156 were approved (97.5%), while four were denied (2.5%).

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%, higher than 2023's 97.3%. Statewide, Colorado employers across all industries submitted 2,656 petitions during the same period, achieving an approval rate of 97.9%.

The Professional, Scientific, and Technical Services industry led the H-1B filings in Colorado during 2024, with 1,052 petitions (39.6% of all submissions), and an approval rate of 98%. Meanwhile, the Educational Services industry was the second largest contributor, filing 556 petitions (20.9% of the total), with an approval rate of 98%.

The Colorado employers which made the most petitions in the Finance and Insurance sector during 2024 included Western Union, LLC with 60 petitions, Empower Retirement, LLC with 21 petitions, and Janus Henderson Investors US, LLC with 20 petitions.

Compared to 2023, the Finance and Insurance sector in Colorado saw a 6.4% 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.

Rank	Industry	Total Petitions	% of All Submissions	% Approved	% Denied
1	Professional, Scientific, and Technical Services	1,052	39.6%	98%	2%
2	Educational Services	556	20.9%	98%	2%
3	Information	323	12.2%	99.1%	0.9%
4	Manufacturing	220	8.3%	96.8%	3.2%
5	Finance and Insurance	160	6%	97.5%	2.5%
6	Health Care and Social Assistance	115	4.3%	98.3%	1.7%
7	Construction	58	2.2%	100%	0%
8	Wholesale Trade	49	1.8%	91.8%	8.2%
9	Mining, Quarrying, and Oil and Gas Extraction	30	1.1%	96.7%	3.3%
10	Retail Trade	13	0.5%	92.3%	7.7%
10	Transportation and Warehousing	13	0.5%	92.3%	7.7%
12	Real Estate and Rental and Leasing	10	0.4%	100%	0%
12	Utilities	10	0.4%	90%	10%
12	Management of Companies and Enterprises	10	0.4%	100%	0%
15	Other Services (except Public Administration)	9	0.3%	100%	0%
16	Arts, Entertainment, and Recreation	8	0.3%	100%	0%
16	Administrative and Support and Waste Management and Remediation Services	8	0.3%	100%	0%
18	Accommodation and Food Services	7	0.3%	100%	0%
19	Public Administration	3	0.1%	100%	0%
20	Agriculture, Forestry, Fishing and Hunting	2	0.1%	100%	0%

Rank	Company Name	Total Petitions	% Approved	% Denied
1	Western Union, LLC	60	98.3%	1.7%
2	Empower Retirement, LLC	21	100%	0%
3	Janus Henderson Investors US, LLC	20	100%	0%
4	Convera USA, LLC	10	90%	10%
5	Cobank ACB	7	85.7%	14.3%
5	Prologis Management, LLC	7	100%	0%
7	Specialized Loan Servicing, LLC	5	100%	0%
8	Janus Henderson Management US Corporation	4	75%	25%
9	Denver Energy Group, LLC	3	100%	0%
10	Guzman Energy, LLC	2	100%	0%
10	Billgo, Inc.	2	100%	0%
10	Transcarent, Inc.	2	100%	0%
13	Spruceview Capital Partners, LLC	1	100%	0%
13	Pie Insurance Services, Inc.	1	100%	0%
13	Colorado Schools Fund	1	100%	0%
13	Phoenix Capital, Inc.	1	100%	0%
13	Snap Finance, LLC	1	100%	0%
13	Funding Circle USA, Inc.	1	100%	0%
13	Phoenix Analytic Services	1	100%	0%
13	Rubicon Technology Management, LLC	1	100%	0%
13	Verus Commodities Management LP	1	100%	0%
13	Mercer Global Advisors, Inc.	1	100%	0%
13	Astra Service Management, Inc.	1	100%	0%
13	RK Capital Management, LLC	1	100%	0%
13	KSL Advisors, LLC	1	100%	0%
13	Advisors Asset Management, Inc.	1	100%	0%
13	PWP Employer 2 LP	1	100%	0%
13	Sumup, Inc.	1	100%	0%
13	Consolidated Investment Group, LLC	1	100%	0%