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CoreCivic ICE Contracts Surge Amid Immigration Crackdown

WSJ.com: US Business •
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CoreCivic's revenue from ICE detention services has more than doubled year over year, the Brentwood, Tennessee-based company reported. This surge comes as the Trump administration has intensified immigration enforcement, leading to increased detention capacity needs.

ICE represents CoreCivic's largest government partner, and the company's facilities house thousands of detainees nationwide. The revenue boost reflects higher occupancy rates at detention centers and potentially new contracts awarded to meet the administration's deportation priorities. CoreCivic's stock has risen sharply in recent months as investors anticipate continued growth from federal immigration enforcement spending.

The detention industry has become a focal point of debate over immigration policy and private prison operations. CoreCivic and competitor GEO Group have faced scrutiny over conditions in their facilities, while benefiting financially from expanded detention requirements. The company's results highlight how enforcement policy directly impacts its bottom line.