Prison group buys naming rights at college stadium in Fla.

02/20/2013 | Bloomberg Businessweek

The GEO Group, a private-prison company, has purchased the naming rights to the football stadium of the Florida Atlantic University Owls. That marketing play is usually associated with consumer-facing brands, and GEO Group's only clients are government entities, Ira Boudway writes. "It's basically a vanity play by the owner of the company. There certainly aren't a lot of direct marketing benefits that a company like his would get," says IEG Senior Vice President of Content Strategy Jim Andrews. But Frank Vuono of 16W Marketing asks, "Why not have your company stand for something positive? Good for them."

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