Corrections Corporation of America Breaks Ground on Fourth Mississippi Facility.NATCHEZ, Miss. -- Corrections Corporation of America Corrections Corporation of America (NYSE: CXW) (CCA) is a company that manages public prisons and other facilities[1], and has concessions for many others. The company had annual revenues in 2004 of $1.15 billion USD. (CCA (1) (Common Cryptographic Architecture) Cryptography software from IBM for MVS and DOS applications. (2) (Compatible Communications A ), the nation's largest provider of corrections management services to state, federal and local governments, held a groundbreaking ceremony today to mark the company's new construction of a company-owned and -operated correctional center in Adams County Adams County is the name of twelve counties in the United States. Most of them are named either for John Adams, second President of the United States, or for his son, John Quincy Adams, sixth President. , Miss. The Adams County Correctional Center, CCA's fourth facility in Mississippi and the company's 66th nationwide, will generate an estimated 300 new full-time jobs, increasing the company's statewide employment base to nearly 1,000. It is anticipated that the facility, which has a 1,668-bed capacity, will house federal inmates. Between 200 and 400 construction-related jobs also will be created. The Adams County Correctional Center, which is estimated to cost $105 million, is slated to be completed in December 2008. The site spans more than 140 acres in southwest Mississippi near Natchez. "This is a significant day for Adams County as the nation's leading operator of private prisons starts construction of a new facility that will help fill a need for more prison beds while enhancing the economy of southwest Mississippi," said Gov. Haley Barbour Haley Reeves Barbour (born October 22, 1947) is the current Republican governor of Mississippi. He gained a national spotlight in August 2005 after Mississippi was hit by Hurricane Katrina. Since then he has been mentioned as a possible 2008 vice presidential candidate. . "I welcome these new jobs and this additional investment by Corrections Corporation of America in Mississippi. The state and local officials and company representatives have worked together on this important project, and I look forward to a continuing strong relationship." John Ferguson John Ferguson may refer to one of the following:
"Our existing facilities in Greenwood, Tutwiler and Woodville exemplify the success that can be attained when we partner with the community," Ferguson said. "When Corrections Corporation of America enters a community with the building of a new correctional center, we bring increased economic vitality to that area. In addition to the wide range of full-time career opportunities we provide the local citizens, we also support the county by paying property and other applicable taxes, which benefits the overall development of the community." Ferguson said the company has a strong reputation for being active in community and service volunteer activities. The publicly traded company publicly traded company A company whose shares of common stock are held by the public and are available for purchase by investors. The shares of publicly traded firms are bought and sold on the organized exchanges or in the over-the-counter market. , headquartered in Nashville, Tenn., was named by Forbes magazine in 2007 as the Nation's Best Managed Company in the area of Business Services, and GI Jobs Magazine has named the company one of the nation's Top 50 Military-Friendly Employers. CCA is the nation's largest owner and operator of privatized correctional and detention facilities and one of the largest prison operators in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , behind only the federal government and three states. The company provides turn-key design, build, finance and operational management services, along with providing a wide range of rehabilitative programming for offenders, including education, vocation, substance abuse treatment, faith initiatives and life skills training. CCA operates 65 facilities, including 41 company-owned facilities, with a total design capacity of approximately 75,000 beds in 19 states and the District of Columbia District of Columbia, federal district (2000 pop. 572,059, a 5.7% decrease in population since the 1990 census), 69 sq mi (179 sq km), on the east bank of the Potomac River, coextensive with the city of Washington, D.C. (the capital of the United States). . Visit www.correctionscorp.com for more information. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion