Private prisons announce $1.4 billion in revenue as immigration detentions climb
The companies added revenue from ankle monitors and deportation contracts as U.S. immigration detention neared record levels, officials said.
- America's two largest private prison companies, CoreCivic and GEO Group, reported a combined $1.4 billion in quarterly revenue as U.S. immigration detention nears record levels with almost 66,000 detainees.
- CoreCivic's revenue grew over 27% this spring to $684.9 million, driven by expanded contracts with Immigration and Customs Enforcement supporting the Trump administration's deportation agenda.
- GEO Group CEO George Zoley reported revenues up to $732.1 million on Thursday, with increased GPS-tracking ankle monitors for Haitian immigrants who recently lost protected status.
- Since July, CoreCivic sold four facilities to the Department of Homeland Security for $2.2 billion, though $1.6 billion in net proceeds was excluded from Thursday's announced revenues.
- Lisa Sherman Luna, executive director of the Tennessee Immigrant and Refugee Rights Coalition, stated "Trump's mass detention machine is driving record profits" while families are separated.
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Tennessee ocupa uno de los últimos lugares del país en nutrición infantil
(LPL) – Los esfuerzos del Departamento de Seguridad Nacional (DHS) para aumentar la detención de inmigrantes están impulsando el crecimiento de la industria de prisiones privadas, particularmente de CoreCivic, una empresa con sede en Tennessee. Durante una llamada sobre sus resultados trimestrales, los directivos de CoreCivic informaron que los ingresos totales de la compañía aumentaron […]
Trump's mass deportation machine is a $1.4 billion private-prison bonanza
Cruelty is a growth industry, and the deportation business is booming. Surprise! MAGA's favorite mass-deportation program has produced at least one conspicuous group of winners: the companies paid to lock people up. America's two largest private-prison companies, CoreCivic and GEO Group, reported a combined $1.4 billion in revenue for the second quarter, as the number of people held in immigration detention approached 66,000. — Read the rest T…
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