Private Prison Firms Eye Profit in Trump Mass Detentions
February 18, 2025--President Trump, who ran on a campaign of law-and-order and promises to focus on detaining immigrants who came to the country illegally, is already making big changes to the detention system. He reversed a Biden-administration executive order that blocked the Bureau of Prisons and U.S. Marshals Service from signing new contracts with private detention companies.
Private prison companies are taking notice and making capital investments in the expectation of winning federal contracts for detaining people.
"The new year is just underway, and the landscape is already changing in ways that are likely to positively impact our business," said Damon Hininger, chief executive officer of CoreCivic. "As the new administration modifies immigration policy and enacts new legisl...