YOUNGSTOWN The company that operates a detention facility in Youngstown and another private prison company are reporting significant profits, driven by what they describe as "unprecedented growth opportunities" stemming from a rise in people detained by US Immigration and Customs Enforcement.
Both CoreCivic and The GEO Group released financial results this week showing increased revenue and profits, with company executives directly linking their performance to heightened demand from federal immigration authorities.
CoreCivic, which operates 70 facilities including the Northeast Ohio Correctional Center on Youngstown’s Eastside, reported its second-quarter net income more than doubled to $38.5 million, a 103% increase from the same period last year.
CEO Damon T. Hininger noted in th