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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsWould you live next to co-workers for the right price? This company is betting yes
Tommie Jones loves her job as a quality control inspector for Cook Medical in rural Spencer, Indiana. But she hasn't been able to find a place she can afford on her own, so at age 47, she's squeezed in with her sister's family.
When Cook announced a year ago that it would build hundreds of homes to sell to employees at below-market prices, Jones was among the first to sign up.
On a recent afternoon before her shift, she's bursting with excitement as she gets her first visit inside the nearly finished three-bedroom, two-bathroom ranch house. "It's so beautiful!" she says, walking around to check out every detail. She marvels at the Lazy Susan cabinet in the kitchen, the lush green view of the backyard and the size of the primary-bedroom closet.
"This is as big as my room now," she says.
Cook's move isn't purely philanthropic. As rents and home prices across the U.S. have skyrocketed, more companies are finding it harder to recruit and retain middle-income workers. Record-high job openings and low unemployment have made the competition worse, fueling staff shortages.
https://www.npr.org/2023/05/02/1172301798/workers-affordable-housing-companies-building
Everything old is new again. Company towns. When I was a kid we lived in housing that had been built originally for shipyard workers but after WWII was converted to housing for veterans and GI Bill students with families.
IrishAfricanAmerican
(3,818 posts)ret5hd
(20,518 posts)greatauntoftriplets
(175,749 posts)EYESORE 9001
(25,973 posts)Its the only one available through the company WiFi
Response to Jilly_in_VA (Original post)
greatauntoftriplets This message was self-deleted by its author.
Kennah
(14,315 posts)Jilly_in_VA
(9,995 posts)Kennah
(14,315 posts)intrepidity
(7,336 posts)I can only imagine, lol
gibraltar72
(7,511 posts)Then the largest privately owned flour mill east of the Mississippi. Bottom of the list as far as properties go. Close to the mill for those without a car. Town also blew a whistle at 7:00 AM and PM shift change.
Bev54
(10,072 posts)biggest employer in the area. It becomes a problem if and when that company shuts down or moves and you can't sell your house. If the company is solid I don't see why not.
drmeow
(5,024 posts)has had a variation of this for years - they sell houses to faculty at below rates but faculty are required to sell the house back to UCSB if the leave