Geo Group Inc. (GEO) announced that it has signed a contract with the State of Florida, Department of Management Services to manage 2,000-bed Blackwater River Correctional Facility located in Santa Rosa County, Florida.
Under the terms of the managed-only contract, the Facility is scheduled to open and begin the intake of inmates on November 1, 2010. The ramp-up of the Facility is expected to be completed in the first quarter of 2011.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.