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Prescott is considered a Small Town with a population of 257 and 262 businesses. 2 in 2018 were added to the Prescott Chamber of Commerce business directory which was more than 2017 which had 0.

The economy of Prescott employs 108 people and has an unemployment rate of 6.5%. Some of the largest industries in Prescott are Professional Services (43),Restaurants (8), and Auto Repair (6).

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