Texas Contractor With Private Prisons
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How to fill out Texas Renovation Contractor Package?
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However, around 9 percent of Texas' adult prisoners are housed in privately-run prisons or state jails. For two decades, Texas has been on a binge to build prisons, fill them and keep them full. This is what lured so many private prison contractors to the Lone Star state.
Private prisons make a profit ? an estimated $374 million annually ? giving them an incentive to cut costs more than public facilities. Private facilities have been shown to hire fewer staff and train them less. They also pay less, leading to higher turnover and less experienced and well-equipped officers.
Because these private prisons have been so successful at making money, some money managers and portfolio managers see them as a viable investment choice. Private prisons can easily get included in the default investment choices in target-date mutual funds or 401(k) or 403(b) investments.
12 Major Corporations Benefiting from the Prison Industrial... McDonald's. McDonald's uses inmates to produce frozen foods. ... Wendy's. Wendy's has also been identified as relying on prison labor to reduce it's cost of operations. ... Wal-Mart. ... Starbucks. ... Sprint. ... Verizon. ... Victoria's Secret. ... Fidelity Investments.
Faced with rising prison populations and limited funds, many State governments have contracted with private companies for the construction, management, and operation of correctional facilities, and this paper examines the historical and contemporary role of private sector involvement in Texas.