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.
“Let us have a good many maples and hickories and scarlet oaks, then, I say. Blaze away! Shall that dirty roll of bunting in the gun-house be all the colors a village can display? A village is not complete, unless it have these trees to mark the season in it. They are important, like the town clock. A village that has them not will not be found to work well. It has a screw loose, an essential part is wanting.”
—Henry David Thoreau (1817–1862)