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Frankfort is considered a Large Town with a population of 38,664 and 5,008 businesses. 33 in 2018 were added to the Frankfort Chamber of Commerce business directory which was less than 2017 which had 49.

The economy of Frankfort employs 24,938 people and has an unemployment rate of 7.1%. Some of the largest industries in Frankfort are Professional Services (387),Government Offices State (242), and Restaurants (130).
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