Geo Group Announces New Contracts in Oklahoma, Pennsylvania
BOCA RATON, Fla. — The Geo Group of Boca Raton, Fla., announced on Dec. 30 that it has signed contracts with the Federal Bureau of Prisons (BOP) for the continued management of both the Moshannon Valley Correctional Center in Phillipsburg, Pa., and for the reactivation of the Great Plains Correctional Facility in Hinton, Okla.
Under Geo’s new 10-year contracts with the BOP, which also include renewal options, the two facilities will house up to 3,818 federal inmates combined and are expected to generate approximately $76 million in combined annualized revenues, according to a statement by the company. The Great Plains Correctional Facility is expected to begin the intake process in the second quarter of 2015, while the contract for the continued management of the Moshannon Valley Correctional Center will begin in the second quarter of 2016, following the expiration of the current contract.
“We appreciate the confidence placed in our company by the Federal Bureau of Prisons,” said George C. Zoley, chairman and chief executive officer of Geo, in a statement. “The signing of the new 10-year contracts with the Federal Bureau of Prisons for the continued management of the Moshannon Valley Correctional Center and the reactivation of the Great Plains Correctional Facility will strengthen our long-standing partnership with the federal government.”
The Moshannon Valley Correctional Center has a capacity up to 1,800 inmates, according to the BOP. Geo Group has managed and operated the facility, which houses low-security, non-violent criminal aliens who have 90 months or less remaining on their sentence, since it was constructed in 2006. The more than 243,000-square-foot complex was originally built to house low-security male offenders.
Geo Group began holding job fairs to re-staff the Great Plains Correctional Facility in fall 2013 in anticipation of the new contract. The facility, which offers a capacity of 2,000 inmates, closed in 2010. Its reopening could help to alleviate Oklahoma’s current prison overcrowding situation.
The company currently owns and/or manages nearly 100 correctional, detention or community reentry facilities, both within the U.S. and abroad, totaling roughly 79,000 beds and has several projects currently under development.