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:
“In the old days, one married a wife; now one forms a company with a female partner, or moves in to live with a friend. And then one seduces the partner, or defiles the friend.”
—J. August Strindberg (1849–1912)
“Let no one think that I do not love the old ministers. They were, probably, the best men in their generation, and they deserve that their biographies should fill the pages of the town histories. If I could but hear the “glad tidings” of which they tell, and which, perchance, they heard, I might write in a worthier strain than this.”
—Henry David Thoreau (1817–1862)