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Corrections Corporation Of America history
Corrections Corporation Of America company history timeline
Corrections Corporation of America (CCA) was founded in Nashville, Tennessee, on January 28, 1983, by Thomas W. Beasley, Robert Crants and T. Don Hutto.
The threesome presented their prison privatization concept to Massey Burch Investment Group, a venture capital firm, on February 14, 1983.
CCA had to have the facilities ready by early January 1984, ninety days from the signing of the contract.
The company opened its first facility, the Houston Processing Center, in 1984.
The stock declined from its 1986 issue price of $9 to $3 the following year.
Notwithstanding its struggle for profitability, CCA went public on the NASDAQ exchange in 1986 at $9 per share, raising $18 million to fund continued growth.
CCA won its first state-level contract in October 1987.
In 1988, Doc Crants said that the company's profit-making formula was "so simple, it's shocking."
As Inc. magazine's Erik Larson noted in a 1988 profile of CCA, "Clearly, every new venture risks failure.
CCA finally logged its first $1.6 million profit on sales of $36.8 million in 1989.
In 1989, it opened the New Mexico Women's Correctional Facility in Grants, New Mexico; it had constructed this facility of 204 beds.
In 1990, CCA opened the first medium-security privately operated prison, the state-owned Winn Correctional Center, in Winn Parish, Louisiana.
CCA entered the United Kingdom in 1992, when it entered a partnership with Mowlem and Sir Robert McAlpine to form UK Detention Services.
This 256-bed facility was the first maximum-security private prison under direct contract to a federal agency. It opened the Leavenworth Detention Center, operated for the United States Marshals Service, in 1992.
In an effort to accelerate international expansion, CCA contracted with Paris-based Sodexho Group in 1994.
The company opened two prisons in Puerto Rico in 1995.
In 1997, three jurisdictions--Tennessee, Florida, and the District of Columbia--announced that they were investigating the possibility of privatizing all or a significant portion of their entire corrections systems.
Over the course of 1997, CCA sold a dozen of its facilities to the new venture, which was owned and operated by Doc Crants and his son, 28-year-old D. Robert Crants III.
In 1998, only about five percent of America's prison beds were privately operated.
CCA targeted California with the creation of a West Coast territory in early 1998.
In 2001, Brandon McKnight, a CCA prisoner in Oklahoma, accused the company of placing him in the same cell as a prisoner who had previously been found guilty of assaulting him, the Grassroots Leadership report stated.
In a report from 2003, the year Corrections Corporation of America celebrated its 20th anniversary, advocacy organization Grassroots Leadership found the private corrections company failed to provide prisoners with adequate medical care or control violence in its facilities.
In August 2009, the New York Times reported that an Ecuadorean construction worker held at a CCA immigration jail in Eloy, Ariz. died of testicular cancer.
In 2010 a male employee of CCA was charged with sexually abusing female immigration detainees, the ALCU said at the time.
In 2010, the ACLU filed a lawsuit on behalf of inmates at the Idaho Correctional Center, claiming that understaffing contributed to the high levels of violence there.
According to a 2013 CCA video, Hutto and Beasley were the chief founders.
In 2014, the Federal Bureau of Investigation (FBI) began an investigation into CCA management of the ICC to ascertain whether any Federal statutes were violated because of the understaffing of the facility and what was found to be falsification of staffing records.
In a four-month period in 2015, the company reported finding some 200 weapons, 23 times more than the state’s maximum security prison.
CCA was renamed CoreCivic in October 2016.
Private prisons, according to a 2016 Department of Justice Study, are consistently more violent that their already-dismal public counterparts.
Ten years after abolishing convict leasing, Mississippi was making $600,000 ($14.7 million in 2018 dollars) from prison labor.
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| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Internal Revenue Service | 1862 | $3.2B | 74,454 | 2 |
| American Correctional Association | 1870 | $14.6M | 50 | - |
| U.S. Customs and Border Protection | 2003 | $320.0M | 62,450 | 2,834 |
| Homeland Security | - | $49.9M | 1,000 | - |
| Management & Training | 1981 | $1.9B | 7,800 | 352 |
| DEPARTMENT OF CORRECTIONS | - | $7.9M | 125 | 4 |
| FACETS | 1975 | $5.0M | 42 | 18 |
| Federal Bureau of Prisons | 1930 | $498.4M | 36,697 | 28 |
| Arkansas Department of Education | 1931 | $27.0M | 324 | 248 |
| Colorado Department of Transportation | 1917 | $350.0M | 3,000 | - |
Corrections Corporation Of America history FAQs
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Corrections Corporation Of America may also be known as or be related to CORECIVIC FOUNDATION THE, CoreCivic, Inc. and Corrections Corporation Of America.