a town whose inhabitants are mainly dependent on one company for employment, housing, supplies, etc.
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
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