a town whose inhabitants are mainly dependent on one company for employment, housing, supplies, etc.
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Origin of company town
An Americanism dating back to 1930–35
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2019
British Dictionary definitions for company town
US and Canadian a town built by a company for its employees
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012