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:
“Endeavor, as much as you can, to keep company with people above you.... Do not mistake, when I say company above you, and think that I mean with regard to their birth; that is the least consideration; but I mean with regard to their merit, and the light in which the world considers them.”
—Philip Dormer Stanhope, 4th Earl Chesterfield (1694–1773)
“There’s a long story, my friend. I never did like the idea of sitting on newspapers. I did it once and all the headlines came off on my white pants. On the level, it actually happened. Nobody bought a paper that day. They just followed me around over town and read the news off the seat of my pants.”
—Robert Riskin (1897–1955)