Corrections Corporation of America’s share prices sunk Tuesday after it announced lower earnings than expected in its annual report, but executives said they are “bullish” about the leading private prison provider’s long term future. Even as states cut their corrections budgets, immigrant detainees will provide CCA a steady source of income.
“The detainee growth will come from lots of sources,” CCA CEO John Ferguson told analysts during a telephone conference call. “So there is no reason to believe that these populations won’t just creep up over time.”
The current budget for Immigration …

The math is simple. More demand for immigrant detention beds, plus more government funding, equals more business for Corrections Corporation of America. Every year since 2003, the company has made record profits.

CCA plays the game of politics like a pro. After all forty percent of its revenue comes from federal contracts. The company backs key politicians who support an immigration crackdown, and has intensified its lobbying in order to influence those still on the fence.