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March 09, 2009

Detainee business is booming apparently

Here is a press release from CCA detailing their growth during this recession;

"Corrections Corporation of America Announces New Management Contract With U.S. Immigration and Customs Enforcement at North Georgia Detention Center

By: Marketwire, Mar. 9, 2009 07:45 AM

NASHVILLE, TN -- (Marketwire) -- 03/09/09 -- Corrections Corporation of America (NYSE: CXW) ("the Company" or "CCA"), the nation's largest provider of corrections management services to state, federal and local government, today announced a

new contract to manage detainee populations for U.S. Immigration and Customs Enforcement ("ICE") at the North Georgia Detention Center in Hall County, Georgia with a total design capacity of 502 beds.

Under a five-year Inter-Governmental Service Agreement between Hall County, Georgia and ICE, CCA will house up to 500 ICE detainees at the facility. The Company will lease the former Hall County Jail from Hall County, Georgia. The lease has an initial term of 20 years with two five-year renewal options and provides CCA the ability to cancel the lease if it does not have a management contract. The Company currently anticipates opening the facility during the second quarter of 2009 and expects the facility to be substantially occupied by the end of 2009.

"We are proud to expand our partnership with U.S. Immigration and Customs Enforcement," said John Ferguson, CCA's Chief Executive Officer. "The North Georgia Detention Facility will serve ICE's need for detention capacity as part of the government's strategy to deter illegal immigration and protect public safety." CCA currently partners with ICE to manage detainees at twelve CCA facilities...".

http://uk.sys-con.com/node/868457

Posted by VisaLawyer at March 9, 2009 09:17 AM

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