is GEO is into jail operations
11/7/2024 12:00am
Yes, GEO Group is involved in jail operations. The company specializes in providing privatized corrections, detention, and mental health treatment services. They manage correctional and detention facilities and offer services such as electronic monitoring. GEO Group has a significant presence in the immigration detention business and has been a target of debate among Republicans and Democrats due to its business model. The company has also been involved in legal disputes and has sought refunds for sales taxes on items and equipment used to operate prisons in Texas. Despite these challenges, GEO Group has secured contracts with the U.S. Immigration and Customs Enforcement (ICE) and has benefited from policies that expand private prison and immigration detention centers. The company's stock has shown volatility and has been influenced by political and electoral outcomes, as evidenced by its gains following Donald Trump's presidential election win in 2024.