A balance among manufacturing, technology, research, and financial activities has helped Columbus's economy to continue to boom. Much of the city's expansion results from its function as a sophisticated service center. By 1990 manufacturing occupied only 12 percent of the area's labor force. That contrasted with services, including government, finance, and transportation and utilities, which accounted for almost 60 percent of all employment.
The two largest employers in Columbus are state government and The Ohio State University, with well over 20,000 employees each. Other important employers are Honda of America, Nationwide Insurance, AT&T, and Anheuser-Busch. Smaller in size are companies with national headquarters in the city such as American Electric Power (electricity generation), The Limited (retail clothing), and Wendy's International (fast-food outlets). Battelle Memorial Institute, which conducts research for private industry and government, has its world headquarters in Columbus. Leading information providers making their home in Columbus are the Online Computer Library Center (OCLC), a pioneer bibliographic and information network; Chemical Abstracts Service, a division of the American Chemical Society, producing the world's largest databases of chemical information; and CompuServe, offering a spectrum of online and network services for businesses and individuals.
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