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Deep learning inference that needs to largely take place on the 'edge' is a highly computational and memory intensive workload, making it intractable for low-power, embedded platforms such as mobile nodes and remote security applications. To address this challenge, this paper proposes a real-time, hybrid neuromorphic framework for object tracking and classification using event-based cameras that possess properties such as low-power consumption (5-14 mW) and high dynamic range (120 dB). Nonetheless, unlike traditional approaches of using event-by-event processing, this work uses a mixed frame and event approach to get energy savings with high performance. Using a frame-based region proposal method based on the density of foreground events, a hardware-friendly object tracking scheme is implemented using the apparent object velocity while tackling occlusion scenarios. The object track input is converted back to spikes for TrueNorth classification via the energy-efficient deep network (EEDN) pipeline. Using originally collected datasets, we train the TrueNorth model on the hardware track outputs, instead of using ground truth object locations as commonly done, and demonstrate the ability of our system to handle practical surveillance scenarios. As an optional paradigm, to exploit the low latency and asynchronous nature of neuromorphic vision sensors (NVS), we also propose a continuous-time tracker with C++ implementation where each event is processed individually. Thereby, we extensively compare the proposed methodologies to state-of-the-art event-based and frame-based methods for object tracking and classification, and demonstrate the use case of our neuromorphic approach for real-time and embedded applications without sacrificing performance. Finally, we also showcase the efficacy of the proposed system to a standard RGB camera setup when evaluated over several hours of traffic recordings.