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:
“Attending upon a prince is as dangerous as keeping company with a tiger.”
—Chinese proverb.
“If I am to be a thoroughfare, I prefer that it be of the mountain brooks, the Parnassian streams, and not the town sewers. There is inspiration, that gossip which comes to the ear of the attentive mind from the courts of heaven. There is the profane and stale revelation of the barroom and the police court. The same ear is fitted to receive both communications. Only the character of the hearer determines to which it shall be open, and to which closed.”
—Henry David Thoreau (1817–1862)