A company town is a town or city in which much or all real estate, buildings (both residential and commercial), utilities, hospitals, small businesses such as grocery stores and gas stations, and other necessities or luxuries of life within its borders are owned by a single company. Marktown, Clayton Mark's planned worker community in Northwest Indiana is an example of a company town. The term is used in the US and UK to refer to a town or city where loyalty to the company that is perceived to be responsible for its success is expected and that company is, or was, a major employer in the area.
Read more about Company Town: Overview, United States, Outside The United States, Paternalism, The Pullman Lesson, Model Company Towns, The Decline of American Company Towns
Famous quotes containing the words company and/or town:
““Come, boys, I know there’s kindly hearts among so good a
crowd—
To be in such good company would make a deacon proud.”
—Hugh Antoine D’Arcy (1843–1925)
“Speak the speech ... trippingly on the tongue; but if you mouth it ... I had as lief the town crier had spoke my lines. Nor do not saw the air too much with your hand, thus, but use all gently; for in the very torrent, tempest, and as I may say the whirlwind of your passion, you must acquire and beget a temperance that may give it smoothness.”
—William Shakespeare (1564–1616)