The GEO Group's stock prices hit a new 52-week high this week, reaching $38.69 a share. At a stockholder meeting in August, the company promised increased revenue — a projection of $26 million this year — resulting from the return of family detention to the Karnes County Civil Detention Center in Texas that same month.
The Corrections Corporation of America is also profitting from the return of family detention, with the construction on the newest and largest immigrant detention center in the country—the South Texas Family Residential Center—beginning last month in Dilley, TX. CCA reportedly will make $298 dollars per person per day in Dilley.
Private prison corporations are counting on the expansion of immigrant family detention as an entirely new income stream. They can charge the government more than $250 per day for every individual (mother or child) housed in their facility, over $100 more than they can charge for an adult in immigrant detention.