company town


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company town

n.
A town whose residents are dependent on the economic support of a single firm for maintenance of retail stores, schools, hospitals, and housing.

company town

n
(Commerce) US and Canadian a town built by a company for its employees
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References in periodicals archive ?
A "company town" is a town whose economy and development rely on a specific large company (Nakano 2009).
Meas Sok Rathanak, who manages the company Town Production, said in the past his company had produced content that showed the use of alcohol as a problem-solver and that the company would be complying with the Ministry of Information's new instructions.
Into the 20th century, mining laborers would be incentivized for that incredibly dangerous work, and to move their families to remote locations, not only for the wages but also to be taken care of in all aspects of life in a company town. Housing, medical care, schools, stores, restaurants and bars everything in a company mining town was built, owned or subsidized by the employer.
Many residents of Mountain View, a city of 80,000 that has effectively become Google's company town, see the employee perk as a community service," the Wall Street Journal reported on January 5.
The now former chief executive of Caerphily-based Welsh Innovation Centre for Enterprise (Welsh ICE) Gareth Jones and its chief operating officer Mandy Weston have acquired ICE Projects in Wales and Boma Camp (formerly firms associated to Welsh ICE), aiming to bring the spirit of entrepreneurship to a wider audience, though new holding company Town Square Spaces.
Like many from the company town, he's ambivalent about his home, but he's taking his first tentative steps to break its gravitational bonds, distinguishing him from most of his peers.
20 June 2016 - Illinois, US-based bank holding company Town and Country Financial Corp.'s (OTC: TWCF) Town and Country Bank subsidiary has completed its acquisition of a Centrue Bank branch in Fairview Heights, Illinois, the company said.
What happens to a company town when that company is sold?
An old "company town" founded in 1886 for employees of Robert E.
At a company town hall meeting, Prasad explained that Dr.
An estimated 750 residents lived in Westfir, Lane County's first company town, triple its current population.