Friday, August 5, 2005

Nashville private prison company may benefit from increased incarcerations of expatriates

Forbes reports that Nashville-based Corrections Corporation of America may benefit from an expected increase in the incarceration of expatriates, either for holding pending deportation or for criminal sentences.

"Saddled with thousands of empty beds, CCA teetered near bankruptcy before new federal contracts helped it rebound. Since 2000, the Nashville, Tenn.-based company has doubled its number of federal prisoners to 18,200 - 29 percent of its overall inmate population. "

"Business is certain to grow. Bureau of Prisons spokeswoman Traci Billingsley said the number of federal inmates is expected to rise from 185,000 to 226,000 by 2010, with private companies likely to be relied on for housing non-citizen immigrants convicted of federal crimes."

"The number of people detained by U.S. immigration officials also is increasing rapidly - up three-fold in the past 10 years to more than 21,000 at a given time. In December, Congress passed a terrorism prevention bill calling for 40,000 additional beds by 2010 for aliens awaiting deportation."

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