Economic Development
Economic Development
A partnership with GEO provides an extensive array of economic opportunities in each of the communities we serve, through the creation of jobs, support of income and tax revenues.
To date, GEO has a workforce of over 17,000 employees company-wide. The inception of a new facility accounts for the job creation from anywhere between 100 to over 500 jobs – depending on the facility’s size. And since our facilities are managed via contract, we can ensure employees a steady career. This creation of stable employment stimulates consumer spending, attracts new business enterprises, and bolsters a community’s economic status.
In many instances, a GEO facility is the largest business within its community, and can have a significant influence on its economic framework. A GEO facility not only benefits the community with employment opportunities within its walls, but outside as well, through employment of local vendors supplying various goods and services, payment of sales and property taxes, payment of utility services, and infrastructure enhancements.