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Frankford is considered a Small Town with a population of 958 and 510 businesses. 7 in 2018 were added to the Frankford Chamber of Commerce business directory which was more than 2017 which had 4.

The economy of Frankford employs 638 people and has an unemployment rate of 15.6%. Some of the largest industries in Frankford are Professional Services (50),Builders & Contractors (30), and Personal Services & Consultants (13).
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