Corrections Corporation of America, the largest and most powerful
private prison company in the nation, lost four prison contracts in the past month after extensive reports of abuse, neglect, and even fraud within their operations.
Conducting field research for my upcoming book, I found that it is rare for contracts
with private prison companies to demand fresh thinking, recidivism reduction, and outcomes that outperform the public sector.
CoreCivic, one of the largest
U.S. private prison companies, has shelved a proposal to build a detention facility for undocumented migrants in Indiana after a series of community protests.
Private prison companies also operate private immigration detention centers, which house as many as 65 percent of Immigration and Customs Enforcement (ICE) detainees, and it is expected that the White House will expand the use of those prisons and private detention facilities to house immigrants it intends to hold and deport.
When America's largest
private prison company opened a 2,000 - bed facility in a barren stretch of the Mojave Desert in southeastern California in
It's worth noting that the Koch - funded American Legislative Exchange Council distributed Arizona's controversial racial profiling law, SB 1070, to states around the country
so private prison companies can rake a profit off the incarceration of immigrants.
A spokeswoman for the state Comptroller's office confirms that the state's pension fund holds investments in the two
largest private prison companies, Corrections Corporation of America, and the GEO group.
Private prison companies have been preparing for such a moment by shifting their focus to ICE facilities, many of which are already run by for - profit entities and house immigration detainees, according to Petrella.
Nonetheless, Stringer said he hoped that other cities would follow New York's lead in getting out of investments to
private prison companies.
On June 8, City Comptroller Scott Stringer announced that the city had liquidated around $ 48 million in stocks and bonds related to three
private prison companies.
Comptroller Scott Stringer said Thursday that New York City's pension funds had divested its investments in
private prison companies, calling it the first such move by a major U.S. city.