Every year, GEO Group and Corrections Corporation of America (CCA)—the country’s two largest private prison companies—collect billions of taxpayer dollars to incarcerate prisoners and provide other correctional services for federal, state, and local governments. GEO Group and CCA then spend a portion of these tax dollars—$2.2 billion since 2005—to purchase other, smaller corrections companies.
This fact sheet details how GEO Group and CCA expand their control of the U.S. criminal justice system by purchasing smaller companies. It also shows how the two companies rely on loans from banks, including Bank of America, Wells Fargo, JPMorgan Chase, and SunTrust, to make these purchases.
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This fact sheet was released as part of Programs Not Profits, a multi-year campaign that promotes replacing private profits that hurt incarcerated people, correctional officers, and taxpayers, with publicly funded and managed programs that provide job training, mental health care, and substance abuse treatment.
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