Derek Ezovski, president of Outsourced Risk Management Solutions (ORMS) of West Hartford, has been named Connecticut Small Business Person of the Year.

 

By Ronni Newton

West Hartford entrepreneur Derek Ezovski, who launched his own company, Outsourced Risk Management Solutions (ORMS), after recognizing an important need in the lending process that few were equipped to easily and efficiently address, has been recognized by the SBA Connecticut District Office as Connecticut National Small Business Person of the Year.

Small Business Administration District Director Catherine Marx joined Ezovski and West Hartford Mayor Shari Cantor, CT DECD Project Manager Sue Decima, West Hartford Chamber of Commerce President and CEO Chris Conway, and other officials as well as family, friends, and colleagues at a celebration at the ORMS office at 7 South Main Street on April 9.

“It’s a very niche part of the business, but it’s a very important part of what goes into a loan and making sure it gets done,” said Ezovski about ORMS’s role in performing environmental due diligence, including Phase I reports, for commercial real estate lenders. “We work with a lot of SBA lenders that have to get loans out to small businesses that don’t have a lot of knowledge of how to do it alone.”

Marx said “National Small Business Week” is the SBA’s favorite time of year. “This is a moment when we get to pause and recognize and celebrate our innovators, our job creators, and the entrepreneurs who shop up every day – every single day – to invest in our communities. They are the ones weaving the fabrics of our main streets – and our South Main Streets [where ORMS is physically located] – strengthening our neighborhoods and driving our economy forward.”

Marx noted that Ezovski’s journey truly embodies that spirit of entrepreneurship, using his expertise in real estate and environmental risk to develop an understanding of the field, and then taking a risk to grow a business that supports the success of others. “This year’s Small Business Person of the Year has grown ORMS into a national service provider that is integral to the small business ecosystem, a testament to his perseverance, dedication, and honed expertise. This has created jobs within ORMS and for hundreds of small businesses that rely on his service. His work plays a vital role in powering the American Dream for so many,” she said, adding that it doesn’t happen overnight.

“It takes wisdom, it takes resilience, and it takes commitment to excellence,” Marx said. Through ORMS, a ripple effect has been created that assists SBA lenders in properly evaluating risk, “giving them the confidence to say yes to projects and loans that otherwise might stall. And with every yes, it means another business opens its doors, it means another business expands their operations, and it creates jobs.”

Cantor, whose husband built a small business from scratch, noted that she understands the hours and hours of work involved to reach a level of success. She thanked Ezovski for his contributions, and also thanked West Hartford’s town manager and economic development division for working so hard to support small businesses.

Cantor presented Ezovski and ORMS with a proclamation honoring National Small Business Week and his being named Small Business Person of the Year.

Decima noted that in West Hartford, DECD has provided 18 loans for a total of $3.1 million through the Small Business Boost Fund – some of that lending assisted by the work of Ezovski and ORMS.

Conway said that when people think about West Hartford Center “they see the restaurants, they see the shops, they see the coffee. I don’t think enough people look up and know about the really cool, innovative, creative, hard work that goes on in all of these spaces up here,” he said of the ORMS second floor suite, above Blue Elephant Trail on South Main Street.

Ezovski said it’s hard to explain what they do – “which is actually the whole reason why our business is so important for small businesses.” When a small business owner is buying a piece of property it may be the only time they buy a piece of property other than their home, but hearing they need an expensive appraisal can be daunting. “So we started this company to try to help the lenders with a piece of the puzzle that they weren’t really experts in.”

Times were tough, and very challenging, when he started the company in 2009, Ezovski said, but they now have 25 people across the country.

“This has been a really big honor,” Ezovski said. Their team is committed to being part of the program, to supporting the American dream, he said.

The CBIA will hold an event in conjunction with the SBA at the Bristol Events Center, in Bristol, CT, on May 6, celebrating all of the 2026 Small Business Week award winners from Connecticut. To attend, register here: National Small Business Week 2026 – CBIA.

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