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Business is Booming for Prison Profiteers

Private corrections company The GEO Group celebrated the holiday season by opening a new 1,500-bed prison in Milledgeville, Georgia on December 12, 2011. The $80 million facility is expected to generate approximately $28 million in annual revenues.

Though GEO (formerly Wackenhut Corrections) is hardly a household name, it is a ...

 

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