As the Trump administration is ramping up detentions and deportations of immigrants living in the United States,
it is also revising and expanding contracts with👉 private prison facilities.
♦️Prison companies can earn millions from the federal government by building and operating the facilities used to hold people before they are removed from the country.
The most valuable private prison companies are #GEO #Group and #CoreCivic, at $4 billion and $2.2 billion, respectively.
In a 2023 report, GEO Group noted Immigration and Customs Enforcement contracts accounted for 43 percent of its revenue;
for CoreCivic that number was 30 percent.
💥The day after Donald Trump was reelected, the companies’ stock prices soared:
GEO Group’s by about 41 percent and CoreCivic’s by nearly 29 percent.
“This is, to us, an unprecedented opportunity,” George Zoley, executive chairman of the GEO Group, said during an earnings call shortly after the election.
During a CoreCivic earnings call, CEO Damon Hininger said:
“This is truly one of the most exciting periods in my career with the company"

In December, GEO Group announced that the company would expand its ICE services capabilities by investing $70 million in capital expenditures.

Zoley said during the earnings call that the company is looking to potentially double its services.

ICE could help fill up to 18,000 empty GEO beds, which could generate as much as $400 million.

Both companies are part of a multibillion-dollar industry that could grow significantly while Trump is in office.

Accordingly, the corporations and their employees have invested millions to influence decision-making that could increase their bottom lines.
https://www.opensecrets.org/news/2025/04/private-prison-companies-positioned-to-benefit-from-increased-deportations

@grrlscientist

ACLU: Trump plans to expand immigrant detention facilities, in 10 states across the Midwest and West Coast. (Via Freedom of Information Act request). “to further the dystopian plans to deport our immigrant neighbors and loved ones.”
ICE requests $45 billion to for-profit prison companies, #GEOGroup and #CoreCivic, construction and operation of new detention centers.

https://www.democracynow.org/2025/4/15/headlines/trump_administration_seeks_45_billion_to_expand_ice_detention_centers

#migrantworkers #ICE #ACLU

"The reality became clear: Ice detention isn’t just a bureaucratic nightmare. It’s a business. These facilities are privately owned and run for profit.

Companies like CoreCivic and GEO Group receive government funding based on the number of people they detain, which is why they lobby for stricter immigration policies. It’s a lucrative business: CoreCivic made over $560m from Ice contracts in a single year. In 2024, GEO Group made more than $763m from Ice contracts.

The more detainees, the more money they make. It stands to reason that these companies have no incentive to release people quickly. What I had experienced was finally starting to make sense.

This is not just my story. It is the story of thousands and thousands of people still trapped in a system that profits from their suffering. I am writing in the hope that someone out there – someone with the power to change any of this – can help do something."

#trump #ice #deportation #corecivic #geogroup

https://www.theguardian.com/us-news/2025/mar/19/canadian-detained-us-immigration-jasmine-mooney

As usual, follow the money. Just reprehensible🤬

#ICE detention isn’t just a bureaucratic nightmare. It’s a business

Companies like #CoreCivic and #GEOGroup receive government funding based on the number of people they detain, which is why they lobby for stricter #Immigration policies

It’s a lucrative business: CoreCivic made over $560M and GEO Group made more than $763M from Ice contracts

The more detainees, the more money they make. It stands to reason that these companies have no incentive to release people quickly

What I had experienced was finally starting to make sense
#canada #mexico #jasminemooney
https://www.theguardian.com/us-news/2025/mar/19/canadian-detained-us-immigration-jasmine-mooney