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Nick Williams

Reporter | Business

Nick Williams is a business reporter for the Star Tribune.

Recent content from Nick Williams
Used cars for sale are lined up on display outside Walser Toyota Wednesday, Dec. 1, 2021 in Bloomington, Minn. Used car prices are up 30 percent over

Lower car prices bring better deals, but high interest rates deter some Minnesota buyers

What's working in the favor of today's buyers, though, is the ability to shop around for the best price and not settle as inventory levels rebound, experts say.
Minnesota Timberwolves majority owner Glen Taylor hugs minority share owner Marc Lore while Alex Rodriguez looks on after the team’s win over the Cl

Also at stake in the Timberwolves, Lynx ownership dispute: Financial damages

While key question is whether deal will continue, settling the dispute could raise a number of monetary issues.
From left to right, Odele Beauty founders Shannon Kearney, Britta Chatterjee, Lindsay Holden.

Minneapolis-based Odele grew hair care brand via Target; now, it's eyeing women's sports fans

Women owned and operated hair care company looks to tap into sports fans as latest sponsor of WNBA's Minnesota Lynx.
Image of Sun Country jets on the tarmac at Minneapolis-St Paul International Airport at the airline's maintenance facility.

Sun Country Airlines' profit dented as COVID-era federal funding expires, sending airport fees up

Quarterly revenue was up 5.9% to $311 million, the company's highest for any quarter dating to 2017.
U.S. Bancorp, parent company of U.S. Bank, announced today that Gunjan Kedia will be its new president, reporting to Andy Cecere, who will retain the

U.S. Bancorp names Gunjan Kedia new president

Kedia, whose previous title was vice chair of wealth, corporate, commercial and institutional banking, takes the role previously held by chief executive and chairman Andy Cecere.
Glen Taylor and Alex Rodriguez in January 2023 at Target Center.

After failed mediation, Timberwolves, Lynx ownership dispute heads to arbitration

Arbitration process will take place in Minneapolis and must be completed within six months, according to contract.
Minority team owners Marc Lore and Alex Rodriguez attend a Timberwolves game in March at Target Center in Minneapolis.

Taylor, Lore, Rodriguez head to mediation over Timberwolves, Lynx ownership

If parties can't come to a resolution over the cancelled sale, arbitration is the next step.
Jazz Hampton is the chief executive of an on-demand, real-time app that gives drivers access to live legal representation during traffic stops and acc

Minneapolis-made app aims to be embedded in car touch screens

A Q&A with Jazz Hampton, the CEO of Minneapolis-based TurnSignl, an on-demand, real-time app that gives drivers access to live legal representation during traffic stops and accidents.
Software developer Lisa Mabley works from her home office on Monday in Minneapolis. Mabley was laid off from her job a year ago and applied to 300 pla

After hiring bonanza, tech workers now grapple with layoffs and disillusionment

Companies went on a tech hiring spree in the pandemic, but many of those jobs have since been cut.
For the third consecutive year, Delta Air Lines has increased wages for its nonunion ground workers and flight attendants, affecting more than 5,000 o

Delta raises ground worker, flight attendant base pay 5%, affecting more than 5,000 in Minnesota

The carrier is also increasing the minimum starting rate for all U.S. positions to $19 per hour.
Yasameen Sajady, left, Fatimah Sajady and Sheilla Sajady of Maazah.

How to avoid going broke soon after starting a business

From better money management to getting a second job, entrepreneurs share what they do when the business comes first.
Cargill dropped to the No. 2 position on the annual list of the largest privately-owned U.S. companies compiled by Forbes. Photo shows a Cargill grain

Cargill to sell group of grain elevators to CHS Inc.

Cargill called CHS "the right partner for this sale" based on the Minnesota-based organizations' partnership.
U.S. Bank saw deposits increase in the first quarter.

As other banks report decline in deposits, Minneapolis-based U.S. Bancorp experiencing a surge

Time deposits were up 4.6%, and money market savings were up 4.9% in banks first quarter.
Best Buy CEO Corie Barry greeted employees and then customers as the the Richfield Best Buy store opened on Thanksgiving.

Best Buy lays off some Geek Squad, phone support workers while adding AI

CEO of Richfield-based electronics retailer previously said layoffs would give Best Buy "space to reinvest into our future."
Crisp & Green founder Steele Smiley at his Edina location in 2021.

With latest expansion, Minnesota's Crisp and Green will have more than 200 locations

Launched by Twin Cities entrepreneur Steele Smiley, Crisp & Green is set to open about 60 more locations by the end of 2024, with the latest in the Milwaukee and Chicago suburbs.
Marc Lore and Alex Rodriguez along with Timberwolves and Lynx owner Glen Taylor during a news conference Monday.

Timberwolves, Lynx sale dispute likely headed to arbitration

Marc Lore said he and partner Alex Rodriguez would fight "with all means possible" against Glen Taylor to complete the last portion of the deal for controlling ownership of the teams.
A BNSF train carrying ethanol and corn syrup derailed and caught fire in the town of Raymond early on Thursday, March 30, 2023.

Rail companies won't pay Minnesota's public safety fees, saying it contradicts federal law

Millions of dollars in fees on railroad operators fund emergency preparedness, training, and staffing costs.
Anthony Edwards (5) of the Minnesota Timberwolves reacted after missing a shot in the final seconds of the game on March 19 at Target Center in Minnea

Can Edwards do for Adidas what Air Jordan did for Nike? Some believe so.

Adidas launched Edwards' signature shoe last year. As Edwards' NBA notoriety rises, so does demand for his high-priced sneaker.
Once inside Target Field, fans will be able to use the MLB Ballpark app to vote on how much money nonprofits receive from the Twins and Fortune 500 fi

Twins, Thrivent deal means baseball fans will help decide where $200K in charitable donations go

As part of its agreement with the Twins, Thrivent also receives naming rights to Target Field's 3,000-seat club level and becomes the presenting sponsor of the Twins' annual season ticket plan.
Marc Lore and Alex Rodriguez along with Timberwolves and Lynx owner Glen Taylor during a news conference Monday.

New investor in Wolves/Lynx as Rodriguez, Lore near acquisition

A Washington, D.C.-based investment firm, decided not to move forward in a deal that would have provided structural financing to Marc Lore and Alex Rodriguez to buy the teams from Glen Taylor.
Twin Cities clean-energy startup Carba, led by co-founder and CEO Andrew Jones, was selected for Grid Catalyst's 2024 Demonstration Cohort, an acceler

Minnesota Energy Alley aims to support entrepreneurs tackling the state's climate issues

The new statewide initiative is funded through public-private partnerships.
About 80 storefronts in the corridor along Lexington Avenue in Arden Hills and Shoreview were affected by street reconstruction from County Road E to

These businesses survived the pandemic. Road construction was 'nail in the coffin'

Arden Hills and Shoreview storefronts rocked by two years of road construction on Lexington Avenue
Carmichael Lynch headquarters in Minneapolis.

Minneapolis ad agency Carmichael Lynch expands through absorption

Tierney, a marketing communications firm in Philadelphia, will become part of Carmichael Lynch effective May 1.
Winnebago Industries signs a multiyear agreement to become the official Outdoor Adventure Partner of the Minnesota Twins. Shown is a rendering of sign

Winnebago tries to cement its Minnesota identity with Twins sponsorship

Partnership is Eden Prairie-based RV and boat maker's first major marketing deal with a major league sports team.
Minnesota Timberwolves Ownership Group Alex Rodriguez, left, Marc Lore,, second from left, and Glen Taylor, right, pose for a photo with Timberwolves

Timberwolves, Lynx sale reportedly delayed again

It's unclear when the sale will close.
Spencer Johnson, the owner of Sota Clothing helped customer April Yurecko who came in for a gift for her daughter. The city of St. Louis Park invested

Once a ghost town, Walker Lake now heart of St. Louis Park's small business hub

City officials, business owners worked together to increase traffic to the city's original downtown.
NASA astronauts are taking a few Nanodropper eye drop adaptors into space to test them for use in zero gravity conditions.

NASA to use Rochester company's eye drop device

NASA SpaceX Crew8 will bring Nanodropper products to the International Space Station.
DeLonn Crosby, inventor of the ToyBot, spoke into the plush robot’s chest as his family helped assemble and box the various toys at their working sp

Have an idea for an invention but no formal training? Here's how to do it

Minnesota entrepreneurs share ways they turned an idea into a physical, commercial product.
Kowalski's Markets is closing its Eagan store.

Kowalski's closing unprofitable Eagan store

Employees will be offered positions at other stores, including new suburban locations opening this year and in 2025.
Mary Taris, owner of Strive Bookstore, at her shop on Nicollet Mall in downtown Minneapolis.

Why a Black-owned bookstore on Nicollet Mall fits vision for downtown's future

Retail growth must be part of the transformation of downtown Minneapolis, and it must include locally owned small businesses, leaders say.
Pohlad Family Foundation president Susan Bass Roberts

Q&A with Pohlad Foundation's first non-family president

Susan Bass Roberts was recently named the foundation's president, making her the first non-family member to serve in that role.
This photo provided by Anheuser-Busch shows the Budweiser 2024 Super Bowl NFL football spot. The perennial Super Bowl advertiser brought back fan favo

Heartfelt messages, not celebrity cameos, made for best Super Bowl ads, local experts say

In effort to standout, being too elaborate or celebrity heavy muddled the message, according to ad experts from Minneapolis Carmichael Lynch
Entrust CEO Todd Wilkinson.

Minnesota's newest billion-dollar company bets big on ID verification tech

Shakopee-based Entrust enters talks to acquire London identity verification company, which would make it state's newest billion-dollar business.
In addition to the NFL, Sleep Number has individual club deals with teams like Minnesota Vikings and star receiver Justin Jefferson.

Minnesota companies team up with America's biggest sports leagues. It's expensive, but worth it.

From smart bed maker Sleep Number to hair salon franchise Great Clips, companies are increasing brand awareness by attaching themselves to the NFL, NHL and NCAA.
A penguin that was part of the fast-fading ice sculptures of a St. Paul Winter Carnival contest clung Tuesday to a disappearing ice block sitting in t

St. Paul wraps up a Winter Carnival that didn't include a winter

In fact, folks appreciated the warmest "coolest celebration on Earth" many of them could remember.
A Green Line train, shown in St. Paul in 2022.

Passenger shot in St. Paul on light rail in attempted robbery

Male victim suffered injuries not considered life-threatening
With assistance from Edwards Safe Passage co-founder Michael Lynds, right, Burt Cohen demonstrated how a remote controlled seat allows him to get in a

Media mogul Burt Cohen inspires Bloomington company's aid for people with mobility issues

Bloomington tech and ride-service company provides transportation for Burt Cohen, an inspiration for a remote-controlled seat for those who struggle with mobility.
Photo of Jamf Holding on its opening trading day. Image provided by Nasdaq.

Minneapolis tech company Jamf announces layoffs

Jamf — which provides Apple device management and security functions — has more than 2,700 employees around the world.

2023 was mostly a rough year for Minnesota companies raising venture capital

Minnesota companies raised $1.2 billion through 172 deals, ending a three-year streak of exceeding $2 billion in investor capital raised.

You've built a business that's ready to sell. Here's how some Twin Cities entrepreneurs did it.

Whether it's an investor-backed startup looking for a substantial profit by selling the business or a person near retirement, having an exit strategy or succession plan is imperative.
Party City and Eden Prairie balloon-maker Anagram anticipate maintaining a commercial arrangement going forward.

Eden Prairie balloon manufacturer Anagram emerges from bankruptcy as independent company

Anagram, which supplies foil balloons in more than 140 countries, was a wholly owned subsidiary of New Jersey-based Party City.
Kathy Eskelson, owner of Anoka Massage & Pain Therapy, has seen a shrinking pool of applicants to hire and has had to free up more time to train incom

Minnesota business owners share struggles, successes when hiring in a labor shortage

They are finding hiring enough qualified workers a challenge as the state's unemployment rate remains at 3.1%.
Ninety-five percent of a consumer’s purchase decision-making is based on emotions, according to Harvard professor Gerald Zaltman.

The holiday season is ripe for ads that pull at your heartstrings — and open your wallets

If the NFL's Super Bowl is advertisers', well, Super Bowl, then the Thanksgiving-to-New Year holiday season is the industry's Olympics, when holiday sentiment makes for prime emotional promotion.
Bradley Taylor, founder of the Donut Trap, restocks his doughnut vending machine at his first location in Can Can Wonderland.

Vending machines aren't just pop and candy for these Twin Cities entrepreneurs

What people can buy from the almost 150-year-old technology has evolved from gumballs, pop and cigarettes, giving big corporations and small entrepreneurs alike a low-overhead way to expand their businesses.
A cyclist rounded the corner onto Nicollet Mall across from Target. The Minneapolis Foundation’s strategy includes transforming Nicollet Mall to dra

A 24-hour Nicollet Mall? It's one idea to revamp downtown Minneapolis

A Minneapolis Foundation report offered several strategies for how to revitalize the traditional business district after the pandemic.

Minnesota companies pull back on e-sports, which has an audience but little revenue

Despite the games themselves generating billions in sales annually, interest for watching people play them has waned with people no longer stuck in their homes with limited entertainment options.

These entrepreneurs fueled growth on TikTok by asking: 'What's your favorite restaurant in Minneapolis?'

Software company Tavolo has found viral fame with social media videos of people on the street sharing their top establishments.

Wilfs pull plug on video gaming at Viking Lakes in Eagan

Version1's facility was open to fans attending Vikings training camp at the TCO Performance Center, where they could play on some of the company's gaming systems.
Charlotte Epée — pictured in Minneapolis on Monday, Nov. 13, 2023 — will host an inaugural BIPOC Startup Week in December, the first of many she

Meet the businesswoman who created Minneapolis' first BIPOC Startup Week

Charlotte Epée-WillSuN has self-funded the inaugural event, running Dec. 7-9 in downtown Minneapolis.
Rosenthal Furniture in downtown Minneapolis, pictured Monday, Nov. 20, 2023, is closing after 128 years in business.

Rosenthal Furniture, a downtown Minneapolis landmark, closing after 128 years

Items at the company's two locations — Rosenthal Furniture in downtown Minneapolis and Rosenthal Interiors in Minnetonka — are significantly marked down as part of a total sell-off of the company's inventory.
From left to right, Eric Wieffering, Maria Reeve and Chase Davis will be managing editors at the Minneapolis Star Tribune.

Star Tribune names three veteran journalists to new senior leadership posts

All have multiple years of experience at Minnesota's largest news organization.
A shopper leaves a Party City store in Vernon Hills, Ill., Thursday, Oct. 15, 2020. Eden Prairie balloon-maker Anagram is a wholly owned subsidiary of

Eden Prairie balloon-maker Anagram files for Chapter 11 bankruptcy

Anagram, which is also seeking new ownership, is currently a wholly owned subsidiary of New Jersey-based Party City, which itself filed for bankruptcy in January.
Nick Tietz is the founder of ILT Academy and ILT Studios.

He started 7 businesses. Now he helps others avoid the mistakes he couldn't.

Nick Tietz started ILT Academy in St. Cloud to be an education provider and co-working lab for small-business owners.
Rep. Pat Garofalo, R-Farmington, right, joined a group of Minnesotans in 2019 taking in the FanDuel Sportsbook in Diamond Jo Casino in Northwood, Iowa

Big player in casino industry keeping close eye on effort in Minnesota to legalize sports betting

This past summer, IGT added St. Croix Casinos in Wisconsin as one of its latest customers. Among other customers are many of the casinos in Iowa and the Dakotas.
Norma Leary is a regular client who appreciates the HEPA filter and divider in her Edwards RideCare car on Monday, Oct. 23, 2023.

Twin Cities ride service is a clean room on wheels for those who want an infection-free lift

Created during the pandemic, Edwards RideCare serves those who desire an infection-free drive.
Monica Birrenkott, in Shakopee on Tuesday with her son Logan, 4, is one of several entrepreneurs who got the courage to think of starting a business d

Fed interest rate hikes tame inflation but hit small, often diverse, business owners hardest

Women and people of color, who drove pandemic-era business growth, are especially vulnerable to rising costs.
Thousands of guests arrived at Walt Disney World Resort for the grand opening of Star Wars: Galaxy’s Edge at Disney’s Hollywood Studios in 2019.

Headed to Disney World? A superfan shares tips for a fun family vacation.

Nostalgia and fun in Orlando can make Disney worth the price of admission — especially if you follow these tips from a former Floridian.
The Pittsburgh Penguins and Anaheim Ducks gather at center ice, before an NHL hockey game in Pittsburgh, Monday, Oct. 30, 2023, to honor former Pengui

Minnesota company's cut-resistant hockey gear sells out after player Adam Johnson's death

Warroad Hockey Co., from NHLer T.J. Oshie, produces shirts that protect the neck and wrists.
Dr. Laura LaFave talked with Mark Harris of Hopkins about his glucose sensor results.

With diabetes on the rise, tech becomes crucial part of disease management

For the roughly 500,000 people in Minnesota diagnosed with diabetes, technology that automates finger-pricking and shot-giving has been an essential development.
Retail marijuana sales in the state likely won’t start until January 2025, as the state must first set up an Office of Cannabis Management to regula

Now that recreational cannabis is legal, here's how to start your own pot business

The state's Office of Cannabis Management hasn't yet published license applications, but they should be available in early 2025.
Runners warmed up and and decided to run their own racet the start of the 10-mile in Minneapolis, Minnesota, on Sunday, Oct. 1, 2023. The Twin Cities

Canceled Twin Cities Marathon, 10 Mile registrants will receive full refunds

The events didn't happen Oct. 1 as planned because of hot weather, and organizer Twin Cities in Motion took until Friday to figure out its insurance claim and refund policy.
John Costello plans on running West Metro Solutions full-time after he graduates from the University of St. Thomas in May.

St. Thomas student has rung up $1M in sales keeping office furniture out of landfills

John Costello, a Schulze scholar at the university, started the business in high school.
Jake Webb, a vintage clothing reseller, is surrounded by apparel at his work space in Minneapolis.

Taking the grift out of thrifting: Minneapolis reseller's platform authenticates vintage items and their worth

Jake Webb and his partners have developed an app to authenticate vintage items and their worth.
Colle McVoy CEO Christine Fruechte and president Jessica Henrichs at Colle McVoy on Monday, Oct. 9, 2023 in Minneapolis.

Minneapolis firm wins AdWeek's Agency of the Year honor, ending 30-year drought

Colle McVoy's award is the biggest recognition in the advertising firm's 88-year history and the first for a Minnesota company in nearly three decades.
Arlen Erdahl died Sept. 21 at the age of 92.

Former GOP Rep. Arlen Erdahl, the kind of political leader people 'yearn for,' dies at 92

He represented Minnesota's First Congressional District and also served as secretary of state.
Elite runners took off from the starting line of the 2022 Twin Cities Marathon in Minneapolis.

Canceled Twin Cities Marathon is latest hurdle for the organizer

The pandemic once canceled or set capacity restraints on the annual race, which now faces a reimbursement conundrum after hot weather shuttered this year's incarnation.

Twin Cities Marathon, 10 Mile runners must wait on refund details

It's possible the approximately 8,000 marathon runners and 12,000 10-milers will have to wait another two weeks before hearing if any money is coming back their way.

Twin Cities Marathon, 10 Mile runners have to wait on refund details for canceled races

It's possible the approximately 8,000 marathon runners and 12,000 10-milers will have to wait another two weeks before hearing if any money is coming back their way.

Fitness trackers bring out the competitive spirit in Minnesotans

From fitness studios to senior living communities, wearable technology has enabled a new generation of fitness enthusiasts to not only track their performance but also see how they measure up against others.
Carba co-founder and CEO Andrew Jones explained the company’s reactor to the crowd during the MN Cup grand finale Monday.

Minnesota startup aims to remove 1B tons of carbon dioxide by 2035

Carba won this year's MN Cup competition, which culminated Monday with a grand finale at Twin Cities Startup Week.
Yvonne Sullivan, development director at Kingfisher Biotech, inspected a testing tray for various proteins Wednesday, Sept. 13, 2023, at the Universit

Minnesota med-tech startups on pace to raise more than $1B again this year

Professionals in med-tech, health tech and biotech will be among those gathering around the metro for in-person and virtual events as part of Twin Cities Startup Week, which starts this weekend.
Torry Beasley chose carefully as he moved through the line at Open Cupboard food bank this past February.

Minnesota household income continues to decline, putting more families in need

Recent data from the American Community Survey show 9.6% of the Minnesota population living below the federal poverty threshold, a slight increase from 2021.
Paul Moe — chairman, CEO and co-inventor of MIIR Audio Technology, Inc. — posed for a portrait in front of records and photos of his clients — i

A Minnesota startup's shortcut for finding the most emotional moment in songs? Math.

Minnetonka-based MIIR found a way to search mathematically rather than instinctively for the parts in songs that elicit a certain emotional response, which will have a big impact on industries like film, music streaming and health care.
Hennepin County is making insight-driven decisions to improve the resident experience, including everyday situations, like making service center visit

Businesses have used customer mapping for years. Hennepin County has caught on.

The county has developed a customer journey mapping system to summarize citizens' movement through various services, from the DMV to the county medical center.
Hiring an expert, or subscribing to an app or website to navigate the dating world, isn’t cheap. Local experts offer tips on how to do it reasonably

Looking for love in the Twin Cities? It can cost from a couple bucks to $100,000

Finding a match doesn't have to be expensive, but a commitment of time and a bit of money can help.