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:
“We do not mind our not arriving anywhere nearly so much as our not having any company on the way.”
—Frank Moore Colby (1865–1925)
“I do not speak with any fondness but the language of coolest history, when I say that Boston commands attention as the town which was appointed in the destiny of nations to lead the civilization of North America.”
—Ralph Waldo Emerson (1803–1882)