For-profit prison companies back criminal justice reform. It could be good for business.

Source: Steve Contorno, Tampa Bay Times, December 13, 2018

A bipartisan push in Congress backed by President Donald Trump to slow America’s rising prison population has a puzzling supporter: A Boca Raton-based for-profit prison company. GEO Group, one of the country’s largest detention companies, is publicly urging the Senate not to adjourn without passing the FIRST STEP Act, a bill that seeks to shorten some federal drug sentences and reduce the likelihood inmates will end up back behind bars. GEO’s biggest competitor, CoreCivic, is backing the bill as well. On the surface, it’s a curious position for leaders of a $4.8 billion industry enriched by tough-on-crime policies that swept millions of Americans into lengthy sentences over the past three decades. But others see two companies well-positioned to profit if Congress goes through with this reform. …