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They donated millions to Trump, now ICE detention providers are reaping the rewards

They donated millions to Trump, now ICE detention providers are reaping the rewards

America’s two leading detention companies, Geo Group and CoreCivic, were among the Trump campaign’s most notable donors last year, with executives and subsidiaries donating a total of $2.7 million to the president’s campaign and associated political action committees.

CoreCivic even bestowed over $500,000 towards Trump’s inauguration this year, while Geo Group contributed to his 2016 inauguration fund.

As soon as Trump won the election last November, CoreCivic’s share price saw a huge spike, nearly doubling from $13.63 per share to $22.13 per share in just one week.

GeoGroup’s share price jumped from $15.13 to $25.05 in the same post-election period.

This is likely because the privately-run facilities house 86 percent of the detained immigrant population, according to the Transactional Records Access Clearinghouse (TRAC).

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