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Leonard is considered a Small Town with a population of 411 and 350 businesses. 2 in 2018 were added to the Leonard Chamber of Commerce business directory which was less than 2017 which had 2.

The economy of Leonard employs 250 people and has an unemployment rate of 0.6%. Some of the largest industries in Leonard are Professional Services (55),Builders & Contractors (18), and Landscape Contractors & Designers (15).

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