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Trump Inherited a Booming Anti-Migrant Industry

  • Stock prices for private prison companies, GEO Group and CoreCivic, increased significantly on November 6th, indicating a profitable future for the anti-migrant industry, as reported by Bloomberg News.
  • During his presidency, Joe Biden awarded 40 contracts worth over $2 billion to GEO Group, contributing to a total of 21,713 border enforcement contracts valued at $32.3 billion.
  • Biden's administration is noted for issuing more border enforcement contracts than any previous president, including Donald Trump, who spent $20.9 billion from 2017 to 2020.
  • The GEO Group's executive chair, George Zoley, expressed expectations for the incoming Trump administration to adopt a more aggressive stance on border security and seek additional funding from Congress.
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Democracy Now! broke the news in New York, United States on Tuesday, February 4, 2025.
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