The H. H. Franklin Manufacturing Company, from which the neighborhood's name comes from, produced cars in this area from 1902 to 1934. Transmission producer New Process Gear had a factory on Franklin Square before they closed it and moved to the Syracuse suburb of DeWitt in 1961. Franklin Square also held manufacturing of handbags, textiles, telephone booths, and dried milk.
The H. H. Franklin Manufacturing Company, from which the neighborhood's name originates, manufactured cars in this area between 1902 and 1934. Transmission producer New Process Gear had a factory on Franklin Square prior to closing it and relocating to DeWitt, a suburb of Syracuse, in 1961. Franklin Square also housed manufacturing for handbags, textiles, telephone booths, and dried milk.