BUSINESSTENNESSEE LOOKOUT
At CoreCivic, immigration crackdowns are good for business
Private prison operator CoreCivic reported a significant revenue jump fueled by contracts with Immigration and Customs Enforcement (ICE), which led to revenue increasing over 50% from ICE alone. The company also earned $2.2 billion through real estate sales to the federal government, including deals with the Department of Homeland Security. Critics have condemned these profits, stating that federal contracts now account for more than half of CoreCivic’s overall revenue.
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Adjacent reporting
- Private prison company sells two of California’s immigrant detention centers to the feds
- Private prison company sells two of California’s immigrant detention centers to the feds
- DHS buys two private detention centers previously under lease
- Brentwood-based private prison company sells two immigrant detention centers to feds