Homeless Shelter - Market Analysis

MARKET ANALYSIS

A national study conducted by the Bureau of Justice Statistics in 2002 revealed that in a three–year window, the recidivism rate for ex–offenders was 67%. Two–thirds of released prisoners are re–arrested and one–half are re–incarcerated within 3 years of release from prison. Over 60% of these offenses were committed with the first year of release. In 2003, researcher Peter Silia observed that "It appears from the available evidence that persons being released from prison today are doing less well than their counterparts released a decade ago in successfully reintegrating into their communities. More of them are being rearrested; these arrests are occurring more quickly; and as a group, ex–convicts are accounting for a growing share of all serious crimes experienced in the United States."

Trends are no different in the State of Colorado. As of March 2003, Colorado's prison population was at 4,018. This figure represents 132% of...

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