At least 24 immigration detention centers and more than 17,000 beds were added in … CoreCivic is the largest owner of private real estate used by the US government. While the United States has only 5 percent of the world's population, it holds 25 percent of the world's total prisoners. The following companies each own over 1 million shares of CCA and GEO, and collectively own over two-thirds of CCA and GEO: x Adage Capital Partners Group LLC x American Century Companies Inc. x Ameriprise Financial Inc.… The demand for prison space is higher today than it has ever been and private detention facilities have grown to meet this demand. HM Chief Inspectorate of Prisons inspects private prisons in the same way as public sector prisons. All private prisons have a 'Controller' linking them to the National Offender Management Service, and the governors of private prisons are called 'Directors'.

Most Likely, You! Private prisons are confinements run by private individuals through a contractual agreement with the government. There are 29 U.S.-based major financial investors that own over one million shares of CCA and GEO combined. There are currently 2.4 million people in American prisons. Steyer has supported legislation in California to eventually eliminate private prisons and privately run immigration detention facilities that contract with the federal government.

Considering this frame, private prisons are indeed an attractive investment that have the potential to yield stable financial return to an investor. In 2012, one in every 108 adults was in prison or in jail, and one in 28 children in the U.S. had a parent behind bars. The Texas facilities house close to 10,000 federal inmates out of about 22,000 in 13 privately run locations nationwide.More than 190,000 federal inmates in total are housed throughout the country. CoreCivic also estimates that it owns 59 percent of all privately owned prison beds, manages 39 percent of all private prison beds, and is the second-largest community corrections service provider in the United States. When it comes to overall comparisons, privately run prisons are often less likely to report data on inmate population, staffing, or where the budget was spent. Private Prisons vs. Public Prisons.

Who Owns Private Prisons? Privately managed prisons were introduced to the UK in the 1990s. There are stark differences between public and private prisons.

In a letter to 48 state governors in 2012, the largest for-profit private prison company in the US, Corrections Corporation of America (CCA), offered to buy up and operate public state prisons. The use of private prisons to detain immigrants is not new, but the business has exploded under Trump. Private prisons are big business, with annual budgets in the billions, and there are several large players in the private prison business such as Corrections Corporation of America, the GEO Group (formerly known as Wackenhut Securities). The Bill and Melinda Gates Foundation has been on the receiving end of public scrutiny for its controversial holdings in America's two largest private prison companies – the Corrections Corporation of America (CCA) and the GEO Group (GEO).

The main difference between the two types of prisons comes down to money. This number has grown by 500 percent in the past 30 years.

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