Private Prisons To Reap Billions In New ICE Contracts

NOTUS reports:

The industry is clearly one of the big winners from President Donald Trump’s sweeping domestic policy law, and no private prison is better positioned to take advantage of the influx of funding than the two biggest contractors, GEO Group and CoreCivic.

Individuals and PACs affiliated with those companies also invested millions during the 2024 election cycle in Republican candidates and committees and Trump’s inauguration, and the companies are poised to reap an impressive return on investment.

“Both CoreCivic and GEO are in the best position to assist the government in achieving the goals that they have,” Joe Gomes, a senior generalist equity analyst at Noble Capital Markets who follows both GEO Group and CoreCivic, told NOTUS in a phone interview.

Read the full article. Pam Bondi and Tom Homan both were once on GEO Group’s payroll. Earlier this week DHS signed deals to open over 60 new ICE facilities, including several operated by GEO Group and CoreCivic.

NEW: Private prison companies are poised to cash in on the $45 billion in funding for immigration detention centers in the reconciliation bill. Two contractors — GEO Group and CoreCivic — are in the “best position” to capitalize on the influx of funding. https://t.co/IROX5je9i7

— Taylor Giorno (@taylorgiorno_) July 9, 2025